How do I Change my Hoa management company?

The first step, though, is to refer to your management contract. This legal document will usually contain details for how to proceed with changing HOA property management companies. If your contract is due to expire soon, then you can start shopping for a new company without much trouble.

Why did my property management company change managers?

Generally, this event comes about for one of three reasons: the management company did not follow up on projects and was remiss in doing its job, the board was confronted with a problem and blamed the company because it needed a scapegoat or a new board was elected and decided to sweep the slate clean and hire a new team

When to choose a management company for your association?

Not all associations need the full range of services offered, and fees should be based upon only what is needed. (Financial only, no meetings, full-service, etc.) A decision needs to be made early on whether the association would be best served with a management company that is the same size, larger or small than the current company.

Can a property management company be a good fit?

When you begin a relationship with a property management company, you always hope that it’s going to be for the long term. However, this isn’t always the case. You might find over time that your management company is no longer a good fit because your needs aren’t being met. When this happens, you need to find a company that works better for you.

Can a condo association hire a management company?

But if they don’t, then hiring a professional management company is probably the prudent thing to do. One Florida condominium association has tried it both ways, and clearly prefers going it alone. Association administrators have twice opted out of self-management by hiring an outside company, and twice have been forced to let them go.

Which is the best management company for condos?

A management company that’s flexible offers the best chance for being a good fit with a property, said Les Williams, COO of Meyer Services, which runs nine condominiums in Florida and Alabama. “We specifically tailor our management style to how the board wants the property run,” he said. “They’re the true leaders of the property.