A survey found that nearly 62% of American households have less than $1000 in savings or no savings at all. Numbers like this make it difficult for special assessment to be successful and make the HOA loan option a bit more attractive. But what are you really getting into with an HOA loan? Read More...
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Homeowners nowadays expect to find the information they want, when they want it without too much effort. With almost all homeowners having access to the internet and email and about 75% using some form of social media, the way homeowners get information has changed. It’s no surprise that today, the tried and true newsletter of the past, quickly finds it’s way to the recycle bin with the rest of the junk mail. Read More...
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If you’re considering buying a home in a condo or HOA, chances are you have some preconceived ideas about what that means. Some of those ideas may be true and some may not. The truth is, every community is unique, with a different set of benefits, problems, and rules that affect how you enjoy your new home. So, what do you really need to know, and how can you find out before it's too late? Read More...
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You’ve read the news stories about the homeowner who was treated unfairly by their HOA. In fact, if you’ve worked in the industry you may have witnessed it first hand. Whether these stories are valid or just fodder for a good news story, is a discussion for another blog post — But as a CAM manager, I found myself talking the HOA board out of creating unreasonable or unlawful HOA rules on more than one occasion. Read More...
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If you manage communities you probably recognize the underfunded community a mile away. You know the one — it's never had a reserve study, the shingles should have been replaced five years ago, there are a dozen pothole patches in the parking lot, and homeowner are upset claiming, “the HOA does nothing”. If you're a new board member this story may be a new one, and now, you and your fellow board members are faced with the difficult task of deciding what to do. Read More...
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