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Dollar Limit for Unlicensed Contractors Increased
Under prior law, unlicensed individuals could perform construction work if the total cost of labor, materials, and other project expenses did not exceed $500. Under AB 2622, the threshold was raised to $1,000, effectively allowing unlicensed persons to handle more small jobs without violating the California’s Contractors State License Law. The new exemption applies only…
Read MoreSave Money When Paying Assessments
If you want to save money when paying assessments, you can instruct your bank to pay your monthly assessments from your checking account. Most banks offer this service at no cost. You must simply provide them with the name of the payee which is your association and our mailing address: Coast Accounting Office, 5737 Kanan…
Read MoreSouthern California Edison Outage Alerts
Note that if your building is serviced by Southern California Edison, you may sign up for outage alerts. This way, you will receive notices well in advance: sce.com
Read MoreTax Return Preparation and Filing
Our affiliate, NationwideAccounting.net, is preparing tax returns for homeowner associations, individuals, and small businesses for 2024 and prior years. You may email or call them directly.
Read MoreHard to Place Insurance for HOAs
Associations that have been sued several times or have suffered several significant claims will often find it difficult to obtain highly competitive insurance rates with the most comprehensive coverage available. These associations can still obtain insurance. However, coverage is more limited, deductibles are higher, and the premiums are higher. The insurance may also exclude certain…
Read MoreRemote or Online HOA Management – Save Money
Coast Management of California provides online or remote HOA management services throughout California. Online or remote HOA management is similar to full service HOA management, but it eliminates the costs associated with on-site presence. It provides an HOA board with the ability to self-manage if desired, but provides all of the essential back office services…
Read MoreBalcony Inspection Requirements Extended
The California legislature has extended the deadline for inspection of balconies, stairways, decks, and similar structures to January 1, 2026. The prior deadline was January 1, 2025. Under California law, engineers, architects, or other qualified parties can perform the inspections and provide the required report. However, many insurance companies will not accept reports prepared by…
Read MoreShutting off the Water in Condominium
Shutting off the water in one condominium often requires shutting off the water to a stack of condominiums, and in some cases, the entire building. See: Shutting off the Water in Condominiums.
Read MoreEarthquake Insurance for Condominium Associations
Coast Management of California recommends the purchase of earthquake insurance. While most boards have the authority to decide whether to purchase earthquake insurance, it is wise for boards who have such authority to permit the overall membership an opportunity to vote on this important issue unless the board decides to acquire such coverage. If a…
Read MoreArchitectural committee duties
Architectural committees should be concerned about compliance with the CC&Rs, Rules and Regulations and the appearance of proposed modifications. Compliance with building codes should be left to the local city or county. If your architectural committee assumes responsibility for making comments on possible code violations, it places your association in a position to be held…
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