Barbara Lucks:
"Since HOA boards are often noted for taking the lowest bid, this often puts the value and lendability of many people's homes in the hands of people with no skills except the ability to suck up to a board and cheap out an operation.
Tell the board anything they want to hear just to keep the account. This is apparently how a large Pitkin County employee housing complex found itself literally rotting in place with no funds for remediation. The board did not want to hear about increasing assessments to provide for future needs. Their residents had important bar tabs to pay.
Accountability to a licensing entity should provide some cause for pause before a manager nods enthusiastically as the board approves a totally untenable plan. I expect some pushback from boards, because increased professional standards and accountability to a license may dilute their power over the manager.
I also expect pushback from current managers, because they will have to spend a little time and money. How much? Well, if Colorado follows the lead of other states, the whole process should take about a month and $1,000, plus about $500 every two years for some continuing education.
Could that small investment go a long way in protecting the public? In my opinion, yes..."
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"Unapologetically pursuing and tracking patterns within the news others make since 2010."
1 comment:
The vital factor to consider as a HOA is how you will gather transaction from the home owners and what you will cost.
Lake Norman HOA Management
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