Handling real estate property or neighbourhood might not be an easy task for you. Therefore, you should search for a company that would cater to your property handling needs in the best possible manner. The company should be able to give you assurance of providing management services in the best possible manner. One good option has been Cedar. The management company has been working for your benefits for a considerably long time. Their major focus has been on management of communities, condominiums, homeowner associations and commercial associations.
However, there should be things to watch out for when hiring the correct HOA management company. Some of the questions to inquire have been mentioned here for your reference.
How does the company handle preventative maintenance?
Costly and extensive deterioration could occur to properties if there is no preventative maintenance plan for the place. Your property manager should have a preventative maintenance plan showing all items inspected and addressed. They should also get the signature of the maintenance supervisor.
How do they handle regular maintenance?
You should be aware of how many dedicated maintenance technicians would be assigned to your property. It would be based on the size of the property and available number of units. It has also been deemed important to understand the level of engagement of your maintenance supervisor. He would play an imperative role in making sure that all maintenance issues have been addressed efficiently.
Property managers to explain their emergency handling process
It would be imperative that the property managers should explain their process of handling emergencies. They should have devised an effective and efficient plan for emergencies such as fire, water leakages and other casualties. You should inquire about availability of after hour phone numbers that tenants would be given access to.
Do they have proper tenant selection plan
It would be imperative that the management company has a proper tenant selection plan. This tenant selection plan would be necessary to choose desired and suitable tenants for your property. It would be pertinent to mention here that tenant selection plan could be customized according to your property needs. It should define the requirements to be fulfilled by the prospective tenants before they could actually rent the property. You would also be required to keep a check on the development of the rental criteria. This would ensure that you would meet the applicants who approve and meet your requirements.
