Serving on the board is a big commitment, but it can be equal parts rewarding yet time-consuming. You’re probably already juggling a job, your private lives, and everything else that comes with being a property owner. Add the tasks that come with being on the board and it can quickly become too much. Even after recruiting new members to help out, you’re still drowning. When you feel like the world is on your shoulders, the struggle of experiencing burnout is very real.
But, you don’t have to struggle alone. This is where property management companies can come in and help.
A property manager can help an HOA by taking care of the common areas, collecting dues, managing finances, hiring staff, managing insurance for common areas, and handling requests for repairs. That’ll take a significant amount of work off your plate.
The Benefits of Working With a Property Management Company
There are a lot of benefits when you decide to hire a property manager. Not only will it help free up a lot of your own time, but it will also allow you to focus on the more important tasks that come with being on the board, like making the rules. Here are some of the benefits:
The Steps to Hiring a Property Management Company
You already have a lot on your plate and the thought of having to go through the process of hiring a property management company may set you over the edge. Well, that’s why we created this easy guide for how to hire a property manager. Follow these easy steps:
- Review the governing documents and get member buy-in
- Determine the services you need
- Narrow down your options for companies
- Interview and check references, credentials and licenses. (Background checks are helpful too!)
- Finalize the deal!
Ultimately, the property manager is there to help you. While you set the rules and regulations for the community, the property management company is there to enforce those rules.
Download the 5 Tips for Hiring a Property Management Company.
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