HOA News, Advice, and Tips
We’re confident that most residents are happy living in our community—and we certainly hope you are among them. But how do the more than 62 million Americans who live in homeowners associations and condominium communities feel about their own associations? Are they happy with their elected boards? How do they feel about the rules? What […]
Continue ReadingAs a newly elected Board member, you may not be aware of how the Officers of your Association (President, Vice President, Secretary, Treasurer) are selected and what powers and duties each Officer possesses. Unless your Association’s Articles of Incorporation or By-Laws state otherwise, the California Corporation Code states, “Officers shall be chosen by the Board […]
Continue ReadingGaining a competitive edge in today’s real estate market is vital to homeowners’ equity interests. Owners want to feel secure that the money they invest in their home increases in value. Many communities are a co-op or are age-restricted and, in the case of all HOAs, amendments are made to the governing documents and new legislation […]
Continue ReadingRecently, an association I manage undertook a roof replacement project. After careful consideration of their financial position and the results of a roofing survey, we were able to have the work commence one year in advance of the outlined reserve study target date. Management negotiated a termed payment schedule with the contractor, which avoided the […]
Continue ReadingWhat does 5 Star mean? You can ask 10 different people and receive 10 different answers. For the homeowner and association, it should mean expecting the absolutely highest level of service. And for the vendor and manager, it should mean delivering the finest, the best, the most impressive and unparalleled service. But what does customer service really […]
Continue ReadingReceiving a financial statement on a monthly basis can be one of the most important management tools in helping you oversee your association’s daily operations. The financial information, when complete, will create a road map for ongoing decision making. Finance Committee meetings of the typical association can be intimidating. Many managers and board members alike […]
Continue ReadingRegardless of whether you are located in a high-rise building or one that is less than 75 feet in height, the sound of someone yelling the word “evacuate” or the sounding of an alarm should immediately yield action. What type of action depends upon the preparedness of the occupants and the severity of the situation. […]
Continue ReadingAre you looking for Condo Association Management to help you through difficult times? Difficulties have set in for Condo Associations, and have underscored the need for Professional Condo Association Management. The decline in the Real Estate Market has created problems for condominium associations and homeowner’s associations. As owners and investors have lost their homes to their lenders […]
Continue ReadingThe Community Association is established for the purpose of maintaining the common areas, recreation facilities and, in some cases, the exterior maintenance of each home. This “Purpose” or “Charter” is intended for the general use, benefit and welfare of the owners. The primary goal should be the enhancement of the community’s property values. While it […]
Continue ReadingImagine waking up every morning on Main Street USA in Disneyland. For some kids that would be the ultimate dream to live right there in the “happiest place on earth.” As adults, we know that’s not a practical choice for living arrangements. However, that doesn’t mean that a community specifically designed for an active resort lifestyle […]
Continue Reading