Did you know there are over 300,000 property management companies registered in the US? The industry includes over 367,000 employees. However, not every team has HOA management experience.
If you're researching association property management companies, you need a plan. Otherwise, you may choose a team that lacks the expertise you need. Read on to find your Dallas HOA management company today.
Define Your Needs
Talk to your community's HOA board and volunteers. They'll help you assess the community's needs. Consider the community's:
- Size
- Amenities
- Budget
Ask your board where they've struggled in the past. For example, perhaps they need help improving the community's financial well-being. Maybe they want to outsource vendor management.
Recognizing the community's needs can help you find the right Dallas property management company. You can choose a company that offers relevant services and areas of expertise.
Check Dallas Property Management Credentials
Confirm that each Dallas property management company on your list is licensed and insured. Ask if you'll work with a dedicated HOA manager.
If so, look into their credentials. Their management certifications may include:
- Professional Community Association Manager
- Association Management Specialist
- Certified Manager of Community Associations
- Certified Community Association Manager
Look for a homeowners association management team with years of experience. How many Dallas HOAs did the company support during that time? Texas has the third-most number of associations (21,680) in the US.
If they don't have local experience, keep searching. The company may be unaware of local housing laws and regulations. They may struggle to help your community remain compliant.
Learn more about their experience helping each client. How was the company able to improve the client's community well-being? Determine how they improved the community's financial health and how long it took.
Review Association Management Services
Choose a full-service property management company. Their services may include:
- Assessment collection
- Board member assistance
- Maintenance and inspections
- Compliance
- Document management
- Accounting and reporting
- Community communication
A full-service company is more likely to meet your needs. You won't need to outsource services to different vendors.
Learn about their processes. A long-established business will use efficient processes to save you time and money.
Don't forget to discuss your community's unique goals. Look for companies that will cater their services to your needs. If they use a cookie-cutter approach, keep searching.
Ask each company for an itemized list of their services. Compare costs to make sure you're not being overcharged.
Evaluate Their Reputation
The best HOA management company should have a history of happy clients behind them. Read online reviews for each company.
Look for comments about their professionalism, promptness, and responsiveness. Do complaints repeat between different clients? You're likely to encounter the same problems.
Screen Association Property Management Companies
Don't rush when choosing between association property management companies. Instead, use these tips to find the best among them. With these factors in mind, you can find the right company for your community.
Look no further! Our team at PMI Nortex Properties is part of a fast-growing property management franchise. We've been changing the industry for over 20 years.
Trust our proven strategies, technology, and award-winning services. We develop innovative strategies to meet each community's unique needs. Contact us today to request a bid!
