Articles

Coast Management of California is pleased to announce that we have been engaged to manage a 70-unit condominium community in Long Beach, California.

The property management company you hire makes a difference. Knowledge and experience saves your HOA money and protects your interests. See: The Property Management Company You Hire Makes a Difference and Evaluate Your HOA Management Company.

Michael Chulak is available to provide cost effective mediation services for homeowner association, real estate, construction, business, employment, premises liability, and other disputes. See: Southern California Mediator.

Late fees should be waived by HOA boards only rarely and for limited reasons to avoid legal claims. Litigation is expensive and should be avoided if at all possible. See: Waiving of Late Fees by Board Members.

Many homeowner association boards utilize the services of maintenance providers, classifying them’ as independent contractors when they should be classified as employees. The risk of misclassifying a worker can be catastrophic for an association. The risks are based on new laws and include: 1) Being forced to pay unpaid overtime; 2) Being forced to pay…

According to our escrow department, fifteen and thirty year mortgage rates have been increasing dramatically. They are now the highest they have been in more than one year. If you intend to refinance, you should do it now. See: Refinance Your Condominium – Get the Best Rate and Terms and Reasons Lenders Reject Loan Applications.

All corporations, limited liability companies, limited partnerships and limited liability partnerships (legal entities) in California must select an Agent for Service of Process (Agent) when they are formed but may change the Agent at any time. The Agent is the person who is actually served with a lawsuit should the entity be named as a…

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.

Management companies provide escrow related services when homeowners in community associations either sell or refinance their property. If a sale, the services are paid for by either the buyer or seller, but never the HOA. If a refinance, the services are paid for by the mortgage broker or borrower, but never the HOA. See: Escrow…

Board members sometimes ask how management companies determine the amount to be charged for homeowner association management services. The answer depends on several factors: See: How Are Management Fees Determined? for details