Traditionally, homeowners’ associations were managed by the elected board of members. A self-managed HOA may seem like a great idea on paper, but there are serious aspects to consider. More communities in Flagstaff are now relying on professional firms to get work done. If you are wondering whether hiring flagstaff hoa management services is a good idea, we have a few pointers below.
The experienced approach to HOA management
While elected members may have the zeal and interest to run the HOA successfully, they often lack the experience to handle things efficiently. Because these board members are regular people with a bunch of things on their plate, they may not be able to devote as much time as the association demands. Running a homeowners’ association requires the same effort as any other business. With an HOA management company at work, it is much easier for the board to shift their attention to agendas that are more necessary.
Resources and contacts that you need
Because HOA management companies work with many communities at once, these firms often have the contacts that clients need. From lawyers and accountants to vendors and regular contractors, the team members of the firm can arrange for people as needed. The board, on the contrary, will have to do their homework to find the right teams for different projects. Once the HOA management company is at work, the board will have to track whether the work is being done as expected.
Keeping up the community appeal
HOAs managed by professional firms continue to retain the appeal to attract more homebuyers. Community areas are maintained well, and at the same time, the company will continue to ensure transparency in finances and budgeting. For a prospective homebuyer, it is assuring to know that the community is being managed professionally, and residents can get a better quality of community living.
Finding the right HOA management firm
Not all firms are the same, and it is crucial to find one that can align its expertise to meet the needs of your HOA. While pricing is an essential factor, it shouldn’t be the only aspect of choosing a company. It is wise to ensure that the company is locally based in Flagstaff and has worked with other communities in your area.
Before your board approaches HOA management firms, ensure that you have a list of requirements ready to discuss things further and invite proposals.
