When the task of managing a property owners’ association becomes too difficult, or there is just not enough time or resources to manage the community needs, then many people turn to property management companies. These companies have years of expertise in managing community associations of all sizes. Most are well equipped to handle both residential and commercial property communities. The task of finding a perfect match for a property management company can be difficult if none of the property owners have gone through the process before. There are a few simple things to keep in mind that can help make the decision process a little easier.
Local is Best
For communities within San Diego County, it is always wise to look for home owners association property management in San Diego that reside in San Diego county first. They are most likely more experienced in managing properties in San Diego County than any national company. They are also right there if a problem arises and the property owners need to speak to them in person.
Always review the company history of the home owners’ association property management San Diego. Look at both past and current clients and seek out testimonials if possible. Property owners should also take the time to find out if there were ever any problems with the company, what the problems were, and how the company went about solving the problems. This type of information can be easily researched.
Get What You Pay For
Go over a list of all the services that each property management company offers and always make sure that the company is upfront on all of their fees and any possible extra fees that may occur. It is also wise to make sure that both the property owners and the property management company fully understands and executes all of the responsibilities. Knowing all of this ahead of time can certainly save a lot of headache.
Another thing to go over during the interview process is how the funds are handled. Is there a reserve balance? How are payments handled and how is the hiring of workers or maintenance companies handled? The property management company should also provide all of the property owners with at least quarterly reports on the activities performed during that period, as well as expenses incurred during that period and the current balance sheet for the property owners association.
Overall, the process of hiring a home owner’s management company just requires a little bit of research ahead of time. If a property management company has been in business for years, then chances are they are probably a well respected company. The property owners’ management company would certainly not be in business for that long if they had a long list of unhappy property owners.
Association Management Group is a real estate management company with more than 30 years of experience in northern San Diego County. This includes home owners’ association property management in San Diego expertise in residential and commercial properties. AMG also has expertise in working with association boards and helping with long term development of properties.
