Visit the company's facilities. Check for yourself and assess the overall organization of the office. Find out how homeowners' funds are handled. What internal checks and balances are in place to safeguard Association funds?
If the company is quoting fees substantially below the competition, find out why. Rates charged by management companies should not vary greatly. The rate will depend on the size of the Association as well as the services being provided.
Establish a good relationship with the bank handling your Association's accounts. Ask for a copy of the signature card to ensure that the correct card is on file with the bank. Review canceled checks on a regular basis.