When looking to hire a home owners association property management company in San Diego a person needs to first do a little background check and homework. Typically agreements are long term deals so it can be very costly to break an agreement with a property management company if the owners become unsatisfied with the performance. Often times, the home owners are just stuck with the company or have to pay some hefty fees in order to get out of the agreement.
There are some things to consider and look for ahead of time that can certainly help to ensure a good first decision when it comes to hiring home owners association property management in San Diego. First off the home owners need to take the time to interview several options before narrowing down choices and finally making a decision. They need to discuss all of their needs beforehand and then compile a list of questions to ask the potential property management company.
The first thing to consider before even beginning any discussions is the property management company’s experience, not just in property management but specifically in owners association management. They need to have considerable experience in the San Diego area understand the bylaws of the owners association as well as the laws that govern the surround neighborhoods.
Property Management Fees
Another thing to consider is all of the fees associated with the home owners association property management San Diego. Some of the companies group all of the fees or most of the fees into major categories while others split out each individual fee, so it is easily readable. Either way is fine, but it is important that the home owners take the time to account for all the fees and try to do an apples to apples comparison in order to see who offers the best value for managing the association.
Now these fees are different between commercial properties and residential properties. In San Diego, the fees are usually around 10 to 12% of the dues collected. There also may be an additional fee added for maintenance of the common properties of the association, such as the pool. This can be negotiable with some property management companies, so it is always worth it to ask.
The most important thing about hiring a property management company for a home owners association is to just do the proper amount of research ahead of time. The home owners need to make sure that the company is reputable and has a good track record of excellent management. If possible, it is always a good idea to seek out references from past or current clients of the property management company.
The Association Management Group is a company with over 25 years worth of home owners association property management in San Diego experience in real estate and condominium property management, as well as home experience in property management for owners associations. The company covers all services needed including financial services for budget analysis and more.
