According to home improvement website This Old House, between 30 and 40% of HOAs are self-managed. The rest rely on HOA management companies to thrive. There are as many as 65,000 community association managers and 10,000 association property management companies in the US.
You could waste valuable time determining which company offers the best property management in NC. Instead, use these tips when vetting HOA management companies. Find a team you can depend on to help your community succeed today!
Find Experienced HOA Management Companies
According to market analytics company IBIS World, the property management industry grew by 2.4% between 2023 and 2024. Don't choose a company that's new to the industry. Instead, find a long-run business and experienced team.
Ask each company how long they've offered community property management services. Their years of hands-on experience can help you run your community more efficiently. They'll apply best practices and innovative strategies to save the community time and money.
Find property managers with credentials from the Community Associations Institute (CAI). Their credentials can speak to their knowledge and experience. These may include:
- Accredited Association Management Company
- Association Management Specialist
- Professional Community Association Manager
If they've offered community management in Charlotte for years, ask how many communities they've managed. Their experience with different communities can speak to their adaptability. They'll take a personalized approach by adjusting their strategies based on your community's goals and concerns.
Review Property Management Services
For the best property management in NC, look for a company that offers multiple property management services. These may include:
- Handling membership inquiries
- Organizing membership meetings
- Preparing and maintaining financial documents
- Preparing and filing tax returns
- Assessment collection
- Document management
- Maintenance and building management
- Community communication
Look for a company that uses state-of-the-art property management software. This technology can reduce human error and streamline tasks.
Relying on one company for multiple services will save you time and money. Your property managers will develop a personalized strategy to suit your needs.
Ask three property management companies for an itemized list of their services to determine the industry average for prices. Determine if they offer a professional guarantee. Choose a company that will prioritize your goals and concerns over their bottom line.
Consider the Best Property Management in NC
To find the best property management in NC, read online reviews. Look for comments about each company's:
- Professionalism
- Communication style and responsiveness
- Services and adaptability
Learn from other HOAs that requested community management in Charlotte. You'll feel more confident choosing a company with a glowing, established reputation.
Vet Association Property Management Companies
Don't rush through the process of choosing between association property management companies. Instead, use this advice to find a team you can trust. Their years of experience and efficient services can help your community grow and thrive.
Save time by choosing a full-service property management company like PMI Queen City. We personalize our services based on each community's distinct needs and goals.
Rely on our state-of-the-art software and commitment to adding value to your community through communication, transparency, and accuracy. Contact us now to schedule a free consultation.
