3. WHAT'S THE COST?
The price will always be a determining factor
in the decision-making process. However,
make sure you understand what's included in
the price you're quoted. Analyze your rates
by comparing the services you'll receive as
part of the deal. Take into consideration their
reputation for customer service, too. Like most
things in life, you'll get what you pay for when
it comes to management companies. Make sure
their Better Business Bureau (BBB) rating or
other reviews match the price they are asking.
4. ARE THEY UP TO DATE WITH CURRENT
HOA REGULATIONS AND LAWS?
Since most HOA boards consist of part-time
volunteers, you'll want your management team
to bring more in-depth industry knowledge
to the table. This knowledge includes current
rules, regulations, and laws that could
affect your community and the roles and
responsibilities of your HOA. These guidelines
can differ from state to state or even city to
city, so you may want to prioritize companies
with a long history of local experience.
