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According to a new report published by the Foundation for Community Association Research, 74.2 million Americans live in a homeowners association. However, not every resident is happy with their experience. Without proper association management, your Bedford, TX community may not thrive.
Before that happens, start screening association management companies. With help, you can enhance your beautiful Bedford community.
Not sure how to narrow down your options? Read on to find the best Texas property management company today!
Consider Texas Property Management Experience
According to IBIS World, there are 296,477 property management companies in the US. The industry has seen a 2.1% increase since 2022. These newer teams lack hands-on experience.
To narrow down your choices, look for an experienced team. Confirm that they have experience managing communities in Texas.
A team with local experience will understand Texas HOA laws. Their relevant knowledge will ensure you remain compliant. Otherwise, you may face fines and lawsuits.
A long-established property management company will have processes in place. They'll know of effective strategies that can help your community thrive.
Determine who will manage your community association. Will you work with a dedicated association manager? If so, learn more about their credentials.
Look for a team with expertise covering a range of topics. You can leverage their knowledge to ensure your community's success.
Discuss Property Management Operations
Learn more about each company's services and processes. Their property management services may include:
- Community communication
- Board member assistance
- Accounting and reporting
- Calendar and scheduling
- Document management
- Compliance and inspections
- Maintenance
Determine what's included with each service. For example, financial management can include processing dues and fees. Administrative management can include enforcing your covenants, conditions, and restrictions.
Look for full-service association management companies. You can hire one team that will create a unique, comprehensive strategy for your association. They'll cater their services based on your community's distinct needs.
Ask each company for an itemized list of the services they offer. Question how they determine their pricing.
Don't choose the cheapest option available. Instead, ask how they're certain they're helping other communities in Texas. Review case studies that prove association management benefits their clients.
Read Client Reviews
Each association management team you contact will claim they're the best in Bedford. Don't take their word for it. Instead, look for client reviews online.
Choose a company that has an established reputation in Bedford. They'll offer top-notch services to maintain that reputation.
Look for comments about the team's professionalism, services, and responsiveness. If you find a history of complaints against them, remove them from your list. Choose a reputable team you can trust with your community long-term.
Screening Association Management Companies
Vetting Bedford's many association management companies can feel daunting. Use these easy tips to simplify your search. Otherwise, reach out to the expert team at PMI Metroplex Properties.
We're part of a dynamic franchise that's been changing the industry for nearly 20 years. We'll cater our services based on your community's unique needs.
Trust our strong track record of success, professional guarantees, and state-of-the-art technology to help your community grow. Contact us now for a free consultation.
