Articles
Renting Your Home Within an HOA
If you are intending to rent your home in California, we suggest that you review and utilize the Addendum to Residential Lease we have provided, or something similar prepared by your attorney, in order to protect both you and your community association.
Read MoreInterest Rates Are Falling Fast
It is clear that interest rates that apply to mortgage loans are falling fast and that lenders are aggressively seeking refinance and acquisition loans. This is an excellent time to contact a mortgage broker. See: Reasons to Use a Mortgage Broker and FICO Score – Credit Score.
Read MoreInjury Prevention Programs Required by HOAs
Homeowner associations that have full or part-time employees are required to establish, implement, and maintain injury prevention programs. See: Injury Prevention Programs Required and HOAs-Say Goodbye to Independent Contractors. The law applies to even one part-time employee.
Read MoreOffice Hours – Emergency Services
Just a reminder. The office is open Monday through Friday from 9:00 am to Noon and from 1 :00 pm to 5:30 pm. Our emergency number is for genuine emergencies that threaten the life, health, or safety of a person or threaten material damage to property. Please add the number to your cell phone: 818-699-5008
Read MoreDummy Cameras – Fake Cameras
Dummy surveillance cameras are never a good idea because they create potential liability for the property owner or homeowner association. When members of homeowner associations, renters and visitors see dummy cameras, they often believe the premises are being monitored and are therefore, reasonably safe. If a serious crime takes place, you can be certain the…
Read MoreReimbursements to Board Members are Problematic
When board members pay vendors and contractors with their own funds and then seek reimbursement from the management company, it creates accounting and liability issues. Under these circumstances, the vendor or contractor rarely submits his or her proof of license, proof of insurance naming the association as additional insured, and a W-9 form so the…
Read MoreMortgage Rates are Falling Quickly
Mortgage interest rates have declined this last month and are continuing to fall. This is a good time to contact a mortgage broker about refinancing. See: Reasons to Use a Mortgage Broker.
Read MoreFrivolous Insurance Claims by HOA Members
When members of homeowner associations make a direct claim on their association’s master insurance policy that is either frivolous or clearly not covered, it has a long-lasting negative effect on the association and its members that will likely increase the premiums charged or result in a non-renewal notice. Unfortunately, associations in California cannot prevent members…
Read MoreTwo HOA Portfolio Managers Wanted
Coast Management of California is growing. Therefore, we are in need of two additional HOA portfolio managers. See: HOA Portfolio Manager Wanted.
Read MoreReferral Fee Paid to Homeowner
Our company recently paid a substantial referral fee to a homeowner who referred an HOA management client to us. We were glad to write the check and appreciate the referral. Our business has been based on referrals over more than 36 years. See: Earn a Referral Fee.
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