What Questions to Ask Your Property Manager
Moving into a home that has a property manager can be a daunting thing. We have all heard horror stories about HOA management that have overstepped their bounds and caused issues for home owners. This is why it is very important to speak with the property manager before you even buy the house so that you can be sure you will be making the right decision. If you are not sure what to ask about, we have some suggestions that can make the process easier.
When are Fees Due?
This is a very important thing to ask before buying a home. You do not want to be late on your HOA fees, since this can cause issues. Some people have even had liens placed on their homes for missing too many payments. If you want to ensure that you are always on time, you need to clearly ask about the payment process. Some associations have monthly fees, while others ask for a lump sum once a year. It is important to know where your own HOA management team falls.
What Do Fees Cover?
It can also help a lot when it comes to making a decision to know what the fees you will pay the association will actually go to cover. Ask them about the amenities that are offered in the neighborhood and if those amenities will be well cared for with those fees. If they do not have a satisfactory answer as to what the fees are for, you should consider another property. No one wants to pay money that will not go to anything useful.
When are the Community Meetings?
One of the best ways to get the most out of living in an area that has HOA management is to attend the community meetings they host. This will allow you to see how the management works and to allow you to voice any issues you may be having. Most HOA management teams have meetings every month but it can be a great idea to go to a few at the start to get a sense of the way they work.
What is Not Allowed in the Community?
It is easier to ask about what is not allowed than what is. This is especially important if you are planning on doing renovations to the home or even constructing new areas on the property. You do not want to learn later that the things you are planning for your home will not be allowed. Take the time to ask about all of this before you decide on a property.
With these questions, you can get a real sense of the management team and what they offer. You do not want to have issues with HOA management, so starting off on the wrong foot can be harmful. Ask them about fees and what they are used for and be sure to reach out to the property manager to ask about the rules of the community and when the meetings will take place.