If you're one of the 2.4 million Colorado residents who live in an HOA, you may wonder why your community isn't as well-run as others.
Typically, an HOA is run by a board of directors who handle everything from maintenance to accounting. The only problem is that many common HOA tasks require professional expertise to be done correctly. If you're finding that your HOA isn't giving you the perks it should, you may consider HOA management.
In today's post, we'll tell you how to choose the right HOA management services from the hundreds available in Colorado. Hiring Colorado Springs HOA management will change your community for the better. Keep reading and find the right one for your needs.
1. What Services Do They Offer
The first thing you need to decide when hiring an HOA management service is what your community needs. Make a list of the areas of your HOA that aren't currently up to your standard and that'll help you narrow your search down.
Every HOA needs professionals to handle accounting, for example, so finding someone with an experienced accountant should be a priority. You also want a manager who has a lot of contacts with local vendors so that your HOA maintenance is always taken care of.
Many HOAs struggle with compliance, so finding an HOA manager who has experience drawing up governing documents might be important. Whatever your needs are, there are quality HOA management services in Colorado that can accommodate them.
2. Reputation Matters
With so many property managers in Colorado Springs alone, you need a way to separate the very best from the very good. One way to do this is to look at ratings and reviews from HOAs who have utilized their services before. No one can tell you more than a former client.
Reputation matters in the HOA management business, so finding a company with plenty of good reviews strongly suggests that they'll be able to help your community. When looking at testimonials, ratings, and reviews, pay close attention to any red flags that may indicate poor service.
3. Cost Analysis
HOA finances are important to every homeowner, so it's crucial to budget carefully for HOA management services. If everyone is forced to pay significantly higher HOA fees to cover management costs, it defeats the purpose.
Get quotes from multiple companies to see what the most sensible option is financially. Remember, good HOA management services will save your community money. If the job is done well, it'll result in lower monthly dues and higher property values, which benefits everybody.
The Best HOA Management Services in Colorado Springs
Finding good HOA management services can take your Colorado Springs community to new heights. At PMI Pikes Peak, we're part of one the largest and most successful property management groups in the country.
Our HOA management services are second to none, handling accounting, vendor coordination, compliance, and maintenance, among other things. If your HOA needs a jolt of professionalism, don't hesitate to contact us today to learn more about what we do and how we can help.