Most HOA boards interview several managers before making a final decision about which company to hire. All property management has an extensive network of qualified HOA management companies to choose from along with helping learning resources to help you get the best results for your specific needs. Please keep in mind that selecting a firm is a long term decision and change over costs can be high, so make sure you review candidates thoroughly before making a final decision.
Benefits of quality property Management Company;
A good property management company will take care of marketing the property, finding and screening applicants and maintenance and repairs to the property as well as managing tenants, collecting payments, and issuing deposits and notices. Essentially, these companies do the grunt work for property owners so they can focus their energy elsewhere.
One of the main jobs of a property manager is to find quality tenants to fill vacant properties. They thoroughly screen applicants by examining factors such as their rental history and credit score, calling their references and even interviewing them to determine if they would be a good tenant. The owner is not making a profit if their property is not occupied. IN fact, unless they own the property outright, during times of vacancies owners typically have to make the mortgage payment out of their own pocket. Tenant turnover requires additional time and money o clean, market and fill the space, all of which is costly for owners. Phoenix HOA management companies take care of advertising and marketing properties to the appropriate audience and see that the vacancy is filled. Landlords don’t make a profit if their tenants don’t make their rent payments on time. It may seem innocent to overlook one late payment, but once a pattern of truancy is established it can be a difficult hole to dig out of.