Trusted Property Management & Real Estate Development. Call Us Today
Tips for Selecting Association Management
Association management services are types of independent governing bodies for home and property owners. An association management service is typically a non-profit corporation that oversees developments, handles management funds, oversees maintenance of common property, acts as a third party to resolve disputes and enforces rules and regulations. If your community is in need of the services of an association management team, then keeping these tips in mind might help you with the selection process:
Tip #1: Appoint a selection committee. The selection committee should consist of members that have a strong knowledge of the needs of the association, and also have experience with management firms. This committee will represent a diverse population with varied needs and desires, so it is a good idea to select members who are cognizant of that fact.
Tip #2: Look for an association in proximity to your community. The association management firm must always be abreast of the goings-on in the community, so it is a good idea to select a firm that is close to the properties. This is especially true if there are regular board and community meetings the association management representatives will need to attend.
Tip #3: Take in-house departments into consideration. What specialties will the association management firm provide? Does it have in-house legal counsel? Is there an accounting department? Will you need a government relations liaison? Are these departments in-house or are they outsourced to other companies? If they are outsourced, then what kinds of qualifications to the outsourced services have that make their services acceptable? Make sure you are aware of all of your community association's needs when selecting an association management firm.
If you are looking for an association management company, then you will need to know what questions to ask so that you can find the best organization for you. Association management provides members with some great services, but you will need to make sure that you are getting the most of your membership dues. Ask the organization how long it has existed. Those with several years of experience often have the management resources that you need and can offer strategic planning, interim management and governance, surveys for specific focus groups, benchmarking, online surveys studies and analysis, environmental assessment, compensation, and board training. Be certain that the association you choose has the experience necessary to meet your needs. You should ask them what other companies and professional associates that are affiliated with. You might find that some of your business associates or competitors already use the association management center you are interested in. Ask the associations what cities they have centers in so that you can choose one that is convenient for you. Association management organizations are a great way to make sure that you are meeting all government regulations and that you are getting the compensation you deserve, so be sure to ask them any questions that you have to ensure that they are the right one for you. You should also pay attention to the level of courtesy that is used answering your questions. You want a membership with an organization that can not only offer interim management, surveys, and other resources, but also treats its members with respect.