Are you unhappy with your HOA management company and looking for a change? This is a guide on how to change HOA management companies.
As a homeowner, working with the right HOA management company can make your life significantly easier. In contrast, though, working with the wrong one can lead to a large number of complications.
If you’re looking to change your HOA management company, there are certain factors that you need to keep in mind. Let’s explore everything you should know.
Why Would I Want to Change?
One of the primary reasons that homeowners wish to switch management is due to a lack of sufficient advice or guidance from their current HOA. For example, your manager should proactively inform you about relevant codes in your state that you need to adhere to.
Similarly, they should get you up to speed on any rules and regulations in your community. In fact, a reputable HOA manager can be thought of as a pillar that allows the board to function correctly.
This especially comes into play during situations that involve compliance violations or comparing prospective vendors.
Other factors you may wish to change about your manager could include a lack of communication or overall inefficiency. To elaborate on this last point, your manager might poorly handle their financial responsibilities, have difficulty exercising the decisions of the board, etc.
How Can I Do So?
Before you are able to change HOA managers, you will need to consult your management contract. As you might expect, things can become difficult if you have a significant amount of time left on the contract.
This is due to the fact that many contracts have a termination clause that dictates when you are able to end a contract early.
For example, your contract might require you to provide a 90-day written notice to your current manager. Otherwise, they could take legal action against you.
In order to ensure that you avoid any complications, it’s best to seek legal counsel during this situation. Your attorney will be able to review your contract and help you make the best decision.
From here, you will need to begin your search for a new manager.
What Should I Look for in an new HOA?
What you look for in a new manager will depend on your current needs. It will also depend on the extent of your budget.
For instance, if you only need a manager who can fulfill a few key roles but you also don’t have a significant amount of cash to allocate toward this professional, you will need to take this into consideration during your search. Regardless, however, you should always ensure that your manager has sufficient credentials and a handful of references.
Although it might take a bit of extra time to validate these details, it can save you plenty of frustration in the long run.
Working With the Right HOA Management Is Essential
So, it’s imperative that you choose the right one. By keeping the above information in mind, you will be able to ensure that the HOA management company you work with is the best one for you.
Would you like to learn more about what Alpine Edge Property Management has to offer? Feel free to reach out to us today and see how we can help.