3 Mistakes Board Members Make When Hiring an HOA Management Company
When it comes to managing your association, the volunteer board may find that that it's too time consuming or difficult with all of your other responsibilities. After all, many board members have families, careers, and other life issues that will all take precedent over their HOA duties. An HOA management company can help reduce this burden. However, it's important to keep in mind it is not a magic pill that will cure all of the problems. Many board members rush into making a decision and hiring a company because they're burned out, cannot get volunteers, and just don't have enough time to volunteer as much as they would like. Or maybe the board has already hired a management company, and they're tired of the unsatisfactory performance, and so they want to replace them. It is important to understand that hiring the right management company can have major consequences and lasting impacts on your community. It is best to avoid knee jerk reactions and to perform prop...