Preparing for return to Full Service Property Management November 2025
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Wafco Mills HOA Management Quotes Comparison
As we plan our transition to full-service management by the November 2025 annual meeting, per Bylaws, Article 4(g) (Book 3239, Page 316, amended 2000) and NCGS § 47C-3-103, we’re sharing a comparison of quotes from Red Rock Management, HOAM, Inc., and Priestley Management Company to ensure transparency. Owners, please review and share your feedback by commenting at the bottom of this post or emailing WeLoveWafcoMills@gmail.com by July 31, 2025, to help us select the best partner, per NCGS § 47C-3-108. I have reached out to a fellow Real Estate Agent as well as a few other HOA management companies to see if they would like to share an additional quote.
Notes:
All quotes align with Bylaws, Article 4(g), authorizing professional management contracts.
Owners are responsible for unit interiors, not the HOA or management company, per Declaration, Article XVIII (Book 5081, Page 0717, amended 2000) and NCGS § 47C-3-107(a).
Share your feedback by commenting below or emailing WeLoveWafcoMills@gmail.com by July 31, 2025, to ensure a smooth transition by November 2025, per NCGS § 47C-3-118.
Priestly Management Proposal
HOAM Management Proposal
Red Rocks Management Proposal
Wafco Mills HOA Management Quotes Comparison
As we plan our transition to full-service management by the November 2025 annual meeting, per Bylaws, Article 4(g) (Book 3239, Page 316, amended 2000) and NCGS § 47C-3-103, we’re sharing a comparison of quotes from Red Rock Management, HOAM, Inc., and Priestley Management Company to ensure transparency. Owners, please review and share your feedback by commenting at the bottom of this post or emailing WeLoveWafcoMills@gmail.com by July 31, 2025, to help us select the best partner, per NCGS § 47C-3-108.
| Criteria | Red Rock Management | HOAM, Inc. | Priestley Management Company |
|---|---|---|---|
| Proposal Date | November 21, 2024 | November 22, 2024 | October 17, 2024 |
| Monthly Fee | $1,408.92 (66 units) | $1,188 (66 units) | $1,188 (66 units) |
| Annual Cost | $16,907 | $14,256 + $1,000 setup fee | $14,256 |
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| Contract Terms | At-will, 30-day termination | Not specified (assumed annual) | 1-year term (Jan–Dec 2025), 30-day termination, auto-renewal |
Notes:
- All quotes align with Bylaws, Article 4(g), authorizing professional management contracts.
- Owners are responsible for unit interiors and the utilities that service their unit, not the HOA or management company, per Declaration, Article XVIII (Book 5081, Page 0717, amended 2000) and NCGS § 47C-3-107(a).
- Share your feedback by commenting below or emailing WeLoveWafcoMills@gmail.com by July 31, 2025, to ensure a smooth transition by November 2025, per NCGS § 47C-3-118.
Based on the three quotes linked above that the Board of Directors has received, here is a summary of these proposals:
This email summarizes the three proposals received for full-service property management services for Wafco Mills Home Owners Association Inc.
Analysis
Priestley Management and HOAM Inc. offer the same monthly fee but Priestley Management offers many more services.35
Red Rock Management's proposal is more expensive but may provide a higher level of service.31 Red Rock emphasizes its at-will management agreement, flat-rate fee with no hidden charges, and advanced technology solutions such as a user-friendly online portal and A.I. customer service.3435
Priestley Management highlights its experience, professional accreditations, and comprehensive range of services.3637 They emphasize financial stability, strong collection practices, detailed reporting, and a commitment to protecting homeowner investments.9383940
HOAM, Inc.'s proposal is less detailed than the others.3 It lists basic services but doesn't provide the same level of in-depth explanation as the other proposals.3 It's difficult to assess the full scope of their services and expertise based on the provided information.3
