5 qualities of a great management company

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5 5 Qualities of a Great Community Management Company Brought to you by:

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Page 1: 5 Qualities of a Great Management Company

5 5 Qualities

of a Great Community

Management Company

Brought to you by:

Page 2: 5 Qualities of a Great Management Company

1. AccreditationAccreditation is an easy way to spot a management company

that will bring more to the table. Leading industryorganizations only recognize select management companies

with their accreditations that are awarded based on strictguidelines. By earning these designations, a management

company has proven that they uphold industry best practicesand meet a set of respected standards.

Page 3: 5 Qualities of a Great Management Company

2. StructuredFinancial Planning

A primary concern for many CIDs is financialstability. A great management company can offeraccurate fiscal management that will ensure your

association is operating within its means. Accuratefiscal management entails annual budgets, reserveplanning, and continuous evaluation of spending. Asteady financial picture is a fundamental aspect of ahealthy HOA and a quality community management

company will ensure that that is the case.

Page 4: 5 Qualities of a Great Management Company

3. ExperienceWhile time is not always an indicator of

quality, experienced communitymanagement companies have generally

had more learning opportunities thatallow them to develop proven methods.

The advantage of having extensiveexperience is that since no association is

the same, managers can learn how todeal with a wide variety of situations and

apply that knowledge in the future.

Page 5: 5 Qualities of a Great Management Company

4. ProactiveMaintenance

A great management company will implement aproactive maintenance program that will sustain

the necessary upkeep of the community. Anorganized maintenance program can provide

many benefits to an association. While one of themore obvious benefits is the upkeep of curb appeal,

a respectable management company will havepartnerships with vendors that can save an

association money and improve the quality ofoverall maintenance.

Page 6: 5 Qualities of a Great Management Company

5. ReliableCustomer Service

Reliable customer support is an invaluablebenefit of working with an

experienced management company.A quality management company will

devote the resources to providearound-the-clock support staff that will beknowledgeable and responsive. This open

line of communication will improve theoperation of the association as well as thequality of life for those who reside there.

Page 7: 5 Qualities of a Great Management Company

In order to ensure that you choosea company that will act in the best

interest of your association,consider these 5 qualities when

selecting a new managementcompany.

For your HOA needs call us todayat 858-495-0900.

www.waltersmanagement.com