Changing HOA property management company

2 Replies

We are a 35 year old property. 45 acres with 169 town home units. We have been with the same management company for 10plus years. We are investigating changing companies. Anyone have experience with a changeover. Our membership is not terribly active. Our current property manager is approaching retirement and we feel it may be time for a change.

Definitely a good idea. Interview some possible replacements, then set the item on next agenda, read your bylaws for the notice procedure, vote, and sign the new contract.

Read through your current contract to see what kind of notice you need, or what cost there is if you want to switch and pay them through the notice period. Also consider if you really need an on site property manager, or if you can go remote only and only have vendors on site, and use a volunteer homeowner to post notices

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you