According to the Community Associations Institute, Idaho is home to 3,000 community associations, including homeowners associations (HOA). They encompass 134,100 homes in which approximately 355,000 Idahoans live. About two in three (67%) HOA residents also feel satisfied, rating their community living experience as "positive."
If you live in a Boise, ID, HOA too, but think your community can do better, it's time to partner with an HOA property management company. With these experts on board, they can help your association achieve community management success.
So, join us today at PMI Treasure Valley as we share practical insights into how these pros can help and tips for selecting a management company that aligns with your HOA's goals.
Factors to Consider When Choosing an HOA Property Management Company
When choosing an HOA property management company, remember that one of their key roles is to assist with HOA board responsibilities. So, they must have all the necessary association management skills to ensure they can help maintain and care for the community.
Consider the following factors when evaluating options.
Experience
Assess the track record of potential firms. How long have they managed HOA operations? Experience in similar communities can indicate competence.
Services Offered
Review the services offered by your prospective HOA property management companies. At the very least, they should cover:
- Financial management
- Property maintenance
- Community relations
Ensure their services align with your association's needs.
Costs
Compare pricing structures. Understanding all costs upfront prevents unexpected expenses down the road.
What is the firm's fee structure? Are there any hidden charges?
Reputation
Research online reviews and request references. Feedback from other HOAs can provide insights into a company's reliability and effectiveness.
Staff Qualifications
Assess the skills of the management team's members. Do they possess relevant certifications? Competent staff can enhance community management.
Create a Shortlist
Create a shortlist of potential companies and schedule interviews with each. Ask pointed questions regarding their approach to:
- HOA costs
- Community operations
- Crisis management
Make the Final Decision
Weigh the data collected during interviews and reviews. Consider long-term benefits over short-term savings. Which company aligns with your community's values and goals?
The right management company will provide operational efficiency and a positive living environment for all residents. Remember: The place where people live have a significant impact on health and well-being, as stated by the Office of Disease Prevention and Health Promotion. If your HOA doesn't provide an optimal living environment, its residents will surely be unhappy and likely move out.
Elevate Your HOA With the Right Manager
Choosing the right HOA property management company is an investment in your community's future. By focusing on key factors and engaging effectively, your board can facilitate community management success. Take your time, consider your options, and make informed decisions tailored to your association's unique needs.
Let PMI Treasure Valley, our full-service professional community and association management firm, help make your HOA in Boise, Idaho, thrive. Our local team provides the highest quality property management services, which we pair with the latest technology to keep HOA residents informed of how their communities are doing in real time. Our president, Paul Justice, is a seasoned expert with over 20 years of real estate experience.
Call us today for a free consultation!
