The popularity of homeowners associations (HOAs) is on the rise in Colorado. There are now more than 10,000 HOAs in the state, with many located in Colorado Springs.
This comes as no surprise, given the many benefits of HOAs. Members enjoy community swimming pools, tennis courts, and landscaping services.
While members enjoy the benefits, volunteer HOA boards are left with the bulk of the work. This is why roughly 80% of HOAs in Colorado now have professional management.
It is never too late to hire an association management company to run your HOA. Read on to learn how to hire and vet an association manager in Colorado Springs.
What To Look For in a Community Association Manager?
When doing your due diligence, there are common traits to look for. You want to hire a company with many years of professional experience.
They should have an excellent reputation for customer service and company values that align with your own. They must meet all state licensing requirements and carry liability insurance.
The best association managers keep an open communication line. They are well-known for responding to issues with promptness and quality.
Lastly, you should search for a company that provides all the professional services you need. Some HOAs are only looking for maintenance and building management. Others need help with financial or administrative work.
How To Find the Best Association Management Company?
Now that you know what to look for, it is time to start your hunt. The best place to start is by requesting professional referrals from other Colorado Springs HOAs.
You can also search for an HOA management company on social media or the internet. Here, you can read company reviews to ensure they deliver positive results. Carefully pour over customer testimonials to ensure you can live with any shortcomings identified in prior work.
Once you have a lead on a reputable company, it is time to start discussions. Here, you can inquire about the professional services that they offer. Make sure that they can meet your HOA's expectations and requirements.
The next step is negotiating and signing a contract for management services. You will want to read and review the terms of service carefully. Ensure there are no hidden fees or terms that the HOA board does not agree with.
This contract will form the basis of your professional agreement for the next year or more. It is vital to ensure the contract is comprehensive and describes all the services rendered. This way, there are no disagreements once the work starts.
Your Guide to HOA Management Services in Colorado Springs
You are ready to start shopping for HOA management services in Colorado Springs. The HOA board should meet to discuss what they are looking for in an association manager.
Once there is an agreement, discussions can begin with a reputable and experienced company. PMI Pikes Peak has delivered outstanding customer service to Colorado Springs HOAs for over two decades.
If you want to hire an association management company, contact us at PMI Pikes Peak today to speak with an experienced professional.