An HOA management company is an essential component of any HOA. Any HOA will often have its own rules and regulations and may sometimes also have a governing body that oversees the HOA. The role of scottsdale hoa management companies is to enforce these rules to ensure that the community runs smoothly and that the common areas are well kept. An HOA management company will also have a staff of people to deal with the day-to-day running of the community such as yard care or accounting.
If you are considering the hiring of an HOA management company, keep in mind a few things to ensure you choose the right one for your needs. Below is a list of things to cross-check when hiring an HOA management company in Scottsdale.
- Ensure that they provide specific administrative services
When hiring an HOA management company you will want to ensure that they are providing the services that your board wants. Also, make sure that you do not allow them to do anything else with the HOA unless it is specifically allowed by the board. It is because of this that you should check with the board first before choosing an HOA management company.
- Evaluate the company’s experience in collecting assessment and revenue past due accounts
One of the most important questions to ask is about the past years’ collection percentages for assessment and revenue. If the management company can not provide you with numbers, then you need to consider looking elsewhere. Past due accounts are a significant challenge and it is important that your HOA management company has handled other associations similar in size to yours.
- Review their site management strategy
One of the key aspects of managing a community is making sure that all developments are done properly. A good site management strategy will make sure that the property stays appealing and helps keep values high. It is essential to ensure that the company you choose has a good site management strategy in place so that you can rely on them to make business decisions.
- Check their billing and accounting services
One of the most important aspects of managing an HOA is making sure that everyone is paying properly and on time. You should always ask other associations how much they pay the management company who is managing their association. Also, make sure to keep a close watch on your financial records to ensure that you are paying the right amount and that all your bills are properly tracked.