A mix of real estate and practical business experience is beneficial among the staff of an HOA management company. There are a number of tasks in the hands of an HOA management company that would not be completed with maximum effectiveness and efficiency with a staff of professionals who only had experience in one realm or the other. When working with real estate and homeowner’s association obligations, expertise needs to go deeper than facilitation of property transactions or marketing. A truly complete HOA management company must be able to market, promote, maintain and manage all of the dealings of a homeowner’s association and its members. Homes in any subdivision under a homeowner’s association’s jurisdiction must be managed according to their type, price point and aesthetic intentions. Real estate professionals are beneficial among the staff of an HOA management company by helping to determine what measures would most effectively preserve the integrity and value of the structures in a community. Business professionals are valuable for determining how to manage the ledgers and balances involved in the upkeep.
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Q: The president of our homeowners’ association tells us it’s illegal to disclose names of HOA owners who are delinquent in payment of assessments. Is this correct? He and others have profited from their knowledge of delinquencies by buying lots for low prices without...Read more