7 Costly Mistakes to Avoid When Hiring a Community Management Company

  1. Mistake #1:

    Hiring a community management company that doesn’t have extensive experience in property management.

  2. Mistake #2:

    Hiring a community management company based only on price.

  3. Mistake #3:

    Hiring a community management company based only on location.

  4. Mistake #4:

    Hiring a community management company without being clear of your community’s specific needs and goals.

  5. Mistake #5:

    Hiring a community management company whose representatives don’t take the time to listen carefully to your board’s needs.

  6. Mistake #6:

    Hiring a community management company that is not a member of professional associations such as Arizona Association of Community Managers, Home Builders Association of Central Arizona, Community Association Institute and Institute of Real Estate Management.

  7. Mistake #7:

    Hiring a community management company that isn’t transparent in providing a cost of service explanation (be weary of no-charge collections).