When selecting a property management company Charlotte nc, it is important to remember that members of your community will live with the choice you make on a daily basis, so whether you are transitioning from a self-managed association, or are seeking a new professional company in Charlotte, there are several factors that deserve careful consideration.
Moving from self-management to professional management
The decision to move from a self-managed association to a professional like Cedar Management Group deserves careful deliberation. Oftentimes homeowner associations initially decide to self-manage for reasons of economy, but soon the tedious, time consuming details of self-management can become overwhelming for even the most dedicated of members. When this happens, the advantages of professional management become clear: A top-notch team that is well versed in all aspects of community association management can pay big dividends in efficiency, community satisfaction and peace of mind.
Selecting a new HOA/property management company
Like many industries, community management companies are often specialized, and it is not always easy to find a firm in Charlotte that meets all of the needs of your particular community. If you are currently working with an HOA / community association management company, but find that your needs are not being met, the time you devote to making the “right” selection for a new partner will be well invested, and discerning whether a given HOA or condo association management company is open, flexible and communicative should be a key factor.
Whether you are converting from a self-managed association or seeking a new management partner, you should create a checklist of services that should be provided to meet your needs. Some factors that should be discussed include:
· Accounting and financial reporting
· Billing, assessment and collection practices
· Maintenance services offered
· Violation coordination and dispute resolution
· Board member education and communication
· Reserve assessment and planning
· Legal assistance, document analysis and compliance review
These issues should be discussed with any prospective management partner. You will want to meet with your board members to pinpoint any additional issues that may apply to your community.
Remember: The professional management partner you choose will touch the lives of everyone in your community, and selecting a company that is reputable, knowledgeable and capable of serving your needs will help to create a happy and harmonious environment for all.