[melinda_s]

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Thinking about hiring an HOA management company. For those of you who already have one, are there any pros and cons I need to know? Thanks x

[grrtfrmn]

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How many units?

[melinda_s]

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We’re a single-family community with about 300 homes.

[grrtfrmn]

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Then yeah, I’d hire one.

[arnie920]

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A management company can definitely make things easier for an HOA and the board. We hired one a few years ago and never had one before that and the difference is ASTOUNDING.

[cherylyrehc]

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There are more pros than cons with managemetn comapnies. Just make sure you screen them properly so you don’t end up with a bad one.

[kris10xoxo]

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Pros: better management, connections to contractors and vendors, more time for the board. Cons: fees can be really extravagant – no joke!

[altotyler35]

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For a 300-home HOA, I’d also hire a management company. You have a lot of members, which means collections and communications can be a b*tch. A manager would really help.

[cascascassie]

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I live in a 250-unit condominium and we’ve been self-managed for three years now. We had a management company before that (I won’t name names) and it was utterly horrible. They mismanaged funds and overcharged us. They also didn’t really do much – just a lot of paperwork but the board ultimately did everything else. For us, it just wasn’t worth it. I’d recommend skipping it and going self-managed instead. If you have the right board members, it should be easy.

[melinda_s]

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Thanks for all the input, everyone! x

[wicked_oz]

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Pretty isolate case for cascascassie. Most of the HOAs I know (I live in a city with LOTS of them) hire management companies or HOA managers and they’re all doing great. Work is streamlined and efficient. Boards have a lot more time on their hands. Plus, the experience and expertise are unmatched. Best decision our HOA ever made tbh.

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