How many hours a week do your volunteers dedicate to the betterment of your community? Without help, they could experience burnout. They'll miss opportunities to enjoy living in the community, too.
Instead of leaving them to struggle on their own, consider hiring an association management company. Not sure which one to choose? Read on for the tips you need for an effective search today!
Know Your Needs
Before researching association management companies, talk to your community members and board. Ask about the problems they've encountered when managing the community alone. Recognizing the problems they've previously faced will help you find companies that will help you avoid those problems.
For example, perhaps you've struggled with collecting fees or finding reliable local vendors. If you've struggled with a range of issues, look for a full-service property management company.
Determine how long each association management company has operated in Phoenix. Look for a team with years of experience.
There are over 290,000 property management businesses in the US, though the industry has grown recently. Hiring a business that's new to the industry could lead to issues. For example, these teams may lack processes to ensure efficiency.
They may also lack tools that can ensure accuracy or professional connections that can benefit your community. Determine what tools and resources they use. Ask if they rely on state-of-the-art technology to streamline operations.
Look into the team's credentials. First, confirm they're licensed and accredited. Ask if you'll work with a dedicated association manager.
Determine if they have an accreditation from the Community Associations Institute (CAI). This top accreditation can ensure you find reliable, qualified teams.
Consider Their Services
Determine what services each company offers. For example, you may need:
- Member management
- Board member assistance
- Assessment collection
- Community communication
- Accounting and reporting
- Compliance and inspections
- Document management
- Maintenance and inspections
Ask how their services can benefit your community. For example, perhaps they can increase property values or enhance the residents' quality of life. The value of homes in community associations has reached nearly $11 trillion.
Their services can help your community become a more desirable place to live.
Read Company Reviews
Read company reviews to find a reliable team. You can find reviews on the company's BBB listing or Google Business profile.
Look for issues that repeat between multiple clients. If the company has a history of issues, you'll likely experience the same problem. Instead, choose a company that has a glowing reputation in the industry.
Ask each company about their fee structure. Determine if they'll tailor their services based on your community's unique needs.
Every community is different. A customized approach will ensure you better utilize funds.
Choose a company that can grow and evolve with you. Their scalability can ensure your long-term success.
Find a Phoenix Association Management Company
Don't rush to choose an association management company in Phoenix. Instead, use these tips to find a company that can meet your needs. Their help will ensure your community's long-term success and growth.
Want to streamline your search for the best property managers in Phoenix? Our team at PMI PHX SW has nearly 20 years of industry experience. Contact us today to discover how we can benefit your community.