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Kuester Management Group Shares Tips for Choosing HOA Vendors
Kuester Management Group outlines factors to consider when selecting a vendor for HOA services.
By: Kuester Management Group
"The first thing the board should do is check the governing documents to see if there are any requirements or restrictions when selecting vendors," says Bryan Kuester, President of Kuester Management Group. "Do they need an RFP? Do they have to obtain a certain number of quotes? Do they need member approval to make a change?"
The association should also look at its budget and determine how much it can afford to spend – or is willing to spend – on the desired services, says Kuester. Have a range in mind and realize that many vendors are willing to negotiate. Ask about discounts for bundling services or special pricing terms.
It is also beneficial to shop around and compare options from multiple vendors. The highest quote does not necessarily mean the best service. Look at what each vendor offers and consider what services the HOA actually needs. Don't overpay for unnecessary add-ons. Analyze the overall value, what the association will get in return, and how that fits with its needs and goals.
"It is essential to do some basic research on any vendors before signing an agreement as well," says Kuester. "Do they have valid licenses, insurance, and credentials?
Kuester Management Group provides HOAs with guidance and insight on vendor procurement and has built relationships with reputable vendors throughout the Carolinas for a wide range of services. Learn more about the company and its services by visiting www.kuester.com.
Kuester Management Group, a division of Kuester Companies, works to protect property values and enhance the quality of life in each of its managed communities. Providing a full range of association management services, Kuester Management Group has worked to foster strong, resilient, and unified communities across North and South Carolina. The company is proud to offer on-site property managers, all zealous for building strong communities meant to stand the test of time. More information is available at www.kuester.com or @KuesterCompany.
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