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Tag Archives: rental

Greensboro NC Company Investigated for Embezzlement

According to Detective Bruscino, Jr. with the Greensboro Police Department, authorities are investigating the alleged embezzlement of HOA funds from a Greensboro, NC Property Management Company

David McKinney, Angela B. Mckinney and Julie E. Combs-Kennet, McKinney Management Services, Inc of Greensboro (http://mckinneymanagement.com/) and ABM Management Co, Inc are currently the subject of a police investigation surrounding the aleged embezzlement of Homeowners Association and Condominium Association Funds in Greensboro, NC.   

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“Grandfathered” Rules

OK, your HOA’s changing some rules. But the gall of some owners! They want to be exempt from your new rules, or “grandfathered in.” Should you grant their request?

Here, we discuss the pros and cons of creating exceptions for rules, give four examples of when it’s smart and not smart to grandfather residents in, and provide tips to ensure the grandfathered rules don’t last forever and are enforceable. 

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HOA Know How

When you purchase a into a homeowner association (HOA), you automatically become a member and obligate yourself to financially support the operation and obey the rules. That said, few buyers take the time to examine the information to make an informed decision. Here are some of the basic “Know Hows”.

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FHA Leasing Waiver Announced!

FHA Issues Waiver on Leasing Restrictions 

Leasing restrictions have been one area of the FHA condominium guidelines that has caused problems for associations seeking to get FHA approvals. CAI has brought this issue to FHA’s attention and has petitioned FHA to review these criteria. On March 18, 2011, FHA issued a waiver that will provide greater flexibility on leasing restrictions under the FHA condominium insurance program. This means that many condominium associations whose FHA approval was rejected due to rental restrictions may now qualify under the FHA waiver.

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