Don’t Prevent a Sale
Wednesday, April 06
Once a condo is in escrow, the HOA or property management company will complete a condo cert for a lender. This is where information that can hold up the sale may come to light.If one person owns more than one unit, lenders get nervous. If that one person has financial trouble, it can cause probl...
HOAs and Video Surveillance
Tuesday, March 22
These days, cameras are everywhere. On the street, in parking lots, in our phones, in businesses, in drones … the list is endless. Chances are if you’re doing something anywhere but inside your own home, you’re being recorded.Cameras are hailed as deterrent to crime and condemned as invaders of p...
How an HOA’s Board Works with a Management Company
Wednesday, March 09
A condo building has a board of directors that runs the property. Its members are elected and it runs the condo’s homeowners association. The board members have a lot of responsibilities that include collecting and managing HOA fees, handling legal issues, developing and enforcing rules and regul...
Taking Notes Can Save Myriad Hassles
Wednesday, February 24
Property managers have to take in, disseminate, and act upon an enormous amount of information on a daily basis. There’s not only the input from the property management team, there’s the interaction with vendors, conversations with potential and existing residents, phone calls, emails, texts, and...
Amending Your HOA Documents
Thursday, February 18
In addition to any other documents that an HOA feels are important, there are three that form the foundation for any association: the Articles of Incorporation; the Bylaws; and the Covenants, Conditions & Restrictions.These three documents are the ones you should give the greatest considerati...
Preventing Theft of Your HOA Funds
Monday, November 30
Money, for better or worse, is a Homeowners’ Association’s (HOA’s) lifeblood. It keeps a property solvent, covers repairs and emergencies, and allows for an association to budget for upcoming years.Though not a frequent occurrence, there have been situations in which an HOA’s funds have been misa...