Checklist to choose a new HOA management company

Started by GoldF • 5 replies • 2452 views

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GoldF (Nevada)
Posts: 6

Posted:

hi guys, We plan to change our property management company very soon all board members are thinking about the same. However we want to be extra careful and alert this time. Can anyone please provide a checklist of things we need to mandatorily ask the or look out for when choosing a property management company?/. All your experiences really conunt

RobertR1 (South Carolina)
Posts: 5,164

Posted:

Gold,
If I was going to offer advice about choosing any management company, I would have to say check references throughly, actually talk to clients they have and if possible some they no longer have.
The needs of each individual association precludes covering all eventualities with a check list in my opinion. You certainly must have a large store of knowledge about what you don't want and that is very important, don't make the same mistake twice, also look at self management with a single manager. All kind of variations of management.

DanaB1 (Connecticut)
Posts: 319

Posted:

Gold,

Since your looking again than that says to me that their are ways your present company handled things that you didn't like; ask your prospective company how they would handle the same issues.

Talk to other HOA's or condo associaions in your immediate area who manages them and if they're happy. You will get more visits by a manager servicing other accounts in the immediate area than if your the company's only account in the area.

The condo associations in my town have set up a consortium and it is a very valuable tool as we all compare notes on vendors and such.

Good luck in your search.

Dana

RobertR1 (South Carolina)
Posts: 5,164

Posted:

DanaB,
Tell us more about this consortium you all have in place. I have been trying to get something like that started and people look at me like I am brain dead. Of course I am interested in doing this on a small island that has a number os associations. I suspect here on this island the managers don't want the other associations to know how much they get paid, etc, etc, etc. Maybe steal their thunder, if one association compares the other. But, it still makes sense to me either here or more wide spread. I would think a group like this would develop a little leverage with the managers.

DanaB1 (Connecticut)
Posts: 319

Posted:

Robert,

I'll start another topic message concerning the topic so that we don't take away from Gold's need for info.

Dana

JulieT1 (Georgia)
Posts: 4

Posted:

There is a great checklist available on www.hoamanagementdirectory.com under the resources page. Try that one!

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