According to Indeed.com, a property manager in Phoenix, AZ, makes a yearly average salary of $63,789. It can even go as high as $87,000!
With that kind of money on the line, you must pick the best association property management professional from the very start. Otherwise, your community may lose a lot due to poor financial, administrative, or building management.
So then, how do you distinguish the top provider of association property management services from the rest? Keep reading as we've discussed the crucial attributes to look out for.
24/7 Maintenance Response
At the very least, an association management company must provide comprehensive building maintenance. It must include the following:
- Inspections of common or shared areas
- Ensuring bids acquired are competitive
- Vetting contractors and vendors
- Ensuring all contractors and vendors have proper insurance and licenses
However, the best community management experts go beyond the typical: they also offer 24/7 support for emergencies.
A perfect example is a burst plumbing pipe that causes indoor flooding. These incidents are common and costly; in a typical home, they can cause thousands of dollars in damage. With emergency response, your manager can take all the necessary steps to fix the issue and mitigate the damage.
State-of-the-Art Technology
Imagine this. You booked one of your community's function halls for a large family gathering. When the big day arrived, you learned your community double-booked the hall.
Wouldn't you feel frustrated or disgruntled?
The good news is that such issues are now a thing of the past with the best professional property management. These experts use state-of-the-art technology to:
- Organize community calendars and schedules, preventing double-bookings
- Manage bookings for shared facilities
- Neatly store community documents online so residents can easily access them
- Help homeowners and board members communicate more effectively
- Provide homeowners with a centralized online community platform
The community platform also benefits homeowners by letting them pay association fees online. It makes tracking payments easier for homeowners, board members, and managers.
Full-Service Accounting and Reporting
Typical association managers can help with a community's financial tasks. They can prepare and maintain records, collect and track HOA dues, and file tax returns.
However, the top ones will do more than that for you; they'll also:
- Manage the community's entire budget
- Provide expert insights for the board to make sound financial decisions
- Handle the payroll of the association's employees
- Organize accounts payable and receivable
- Deal with collections
Top managers also collate all that data into an easy-to-understand financial report. With a top manager, the HOA board will have less on its plate. It can then focus on making the community thrive and improving homeowner relationships.
PMI Phoenix Valley: The Top Association Property Management in Phoenix
From 24/7 emergency response to full-service accounting, these are just some of what you can expect from a leading association property management company.
No wonder our company, PMI Phoenix Valley, has become a leader in property management solutions in the Phoenix area! After all, we specialize in everything discussed in this guide, plus more.
Moreover, we're a proud franchise of PMI. PMI is a national real estate management solutions provider with over 20 years of experience and manages over $5 billion of assets.
So, if you're ready to make your association flourish, speak with us today. We look forward to sharing with you the positive difference we can make!
