How to Choose an HOA Management Company
Questions and Items to Look Out For:
a. NEVER agree to a contract for more than a 12-month period
b. Make sure there is a way to get out of the contract within the first 12 months due to poor performance
Ask for their contract and look for “Hidden Fees”; get an itemized breakdown of ALL fees
a. How does the management company approach delinquent homeowners (Fees, Process, etc.)
b. Is there a clause in the contract that allows the management company to recoup costs even after you have terminated your agreement?
Call and see if you get a live person, or a recording asking you to press a number
Is there a conflict of interest? (Insurance, Banking, Landscaping, General Maintenance, etc.)
What is the program?