House Selling

Top Questions For Evaluating Your HOA Assessment Levels

Board members of the homeowners association are often concerned about HOA assessments. When finding a suitable and experienced HOA management company, board members might become exhausted. One can contact phoenix hoa management companies to avoid the hassle and exhaustion of searching through several companies. 

Before you finalize your decision about hiring an HOA management company, you should narrow down your requirements and evaluate some of the top questions you would like to ask. If you are unsure about what questions to ask during your evaluation, you can refer to this article to finalize a series of questions. 

  • What services do you offer?

HOA management companies offer a variety of services. These services include administration, customer service, maintenance, fiscal, and communications. The first step is to identify a company that would perform your desired tasks and function accordingly. It would also be helpful if you asked for a complete list of their services. 

  • What is your fee structure? 

It would help if you did not forget to ask about the fee structure. Fee structures are likely to vary from company to o company. Although, you should know that most companies will see their fee structure in three categories. These categories will be set-up, continuing, and exit fees. It would be in your best interest to ask them questions regarding a comprehensive list of charges. 

  • How long have you been providing services?

Knowing how long an HOA management company has been in business will favor you. It will give you a clear idea about their experience in the industry. After asking this question, you will likely gain much more confidence in a company than earlier. It would help to base your decision on factors like years of business. 

  • What is your mission statement?

This question has often been one of the most neglected and unnoticed elements in seeking an HOA management company. Getting to know a company’s mission statement can help you with a generic view of what they will be like if you hire them.  

  • Are you licensed and insured? 

Many states require an HOA management company to be licensed and insured. You should ask this question and check about certifications from the Community Associations Institute. You should also check with your state if a certificate or a license is acceptable or not. 

As a result, it would be beneficial to ask the above questions as they can help you gain more clarity about hiring or rejecting a company. Apart from these questions, it would be best if you did not hesitate to ask any other questions you have in mind. 

Narek Harpo
the authorNarek Harpo