Articles

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…

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.

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…

Coast Management of California is growing. Therefore, we are in need of two additional HOA portfolio managers. See: HOA Portfolio Manager Wanted.

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.

We have recently learned that certain management companies no longer accept phone calls from homeowners living within their HOA client properties. These management companies only accept email communications. Owners without computers who cannot send emails are required to mail letters to their management company, if they want to contact the company. Many associations find this…

Some of our competitors require contractors and vendors to pay them a fee in order to become a “certified” or “approved” contractor or vendor. Many people, including ourselves, consider this a form of kickback. Coast Management of California does not follow this practice. See: Certified Vendor Programs – Caution for additional information.

Coast Management of California is continuing to offer homeowner association board training seminars either by Zoom or in person. For more information: FreeHOASeminars.net.

You can earn a referral fee of $300 to $700 for the referral of full-service HOA management accounts to Coast Management of California: Earn a Referral Fee.

Minutes of meetings are required by law to be taken at board meetings and should be maintained by the corporate secretary. They should never be discarded. Aside from being required by law, they are sometimes used to defend an association against legal claims. They must also be provided by the management company to escrow companies…