Q: What if we’re a new HOA?

So you may be thinking about hiring a property manager (PM) to take over operations for your homeowners association. Or perhaps you are unhappy with your current property manager, so you are shopping around to see what services other companies offer.
When interviewing a PM, the first question board members usually ask is, “So what is this going to cost?” The reality is, that should be the last question asked, not the first!

Putting costs first sets a bad precedent when starting the interview process!

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It puts the focus on the expense of your property manager, and not on the investment you may be making for your development.
The better question would be what does a property manager bring to the table when being hired.
By putting the cost first, you are basing the decision on a price tag, and not the true value you may get overall. That would be like asking a doctor his fees before doing open heart surgery on your mother. The right question should be what are the doctor’s skills and background, and better yet, their success rate! I think your mom would agree…
If you value your time,

hiring the right HOA property manager

can be the best time management/investment any HOA board can make on behalf of the owners. It gives piece of mind knowing you have pros watching over and guiding you along the way!

Author Bio
Since 1997, real estate investor and broker Christopher Benedict has been involved in all phases of realty investment and property management. From agent, to broker and business owner, he now focuses on growing his base of investor clientele.