HOA Blog - California

Our HOA Blog is added to several times each month so please visit it often. If you would like to respond to any blog, please contact us.

Processing of Invoices

January 3, 2022

Coast Management of California processes vendor and contractor invoices each week in order to assure timely payment. See: How Coast Management of California Processes Invoices and Contractors, Vendors, and Handy Persons Wanted.

Zillow No Longer Buying Homes

December 21, 2021

On October 19,2021, USA Today published an article entitled” Zillow is no longer buying homes.” Many real estate experts believe Zillow took this action because they believe home prices are going to start declining. On the same day, CNN reported: Zillow slams breaks on home buying as it struggles to manage its backlog of inventory.

Many homeowners are taking Zillow’s action as a sign that home prices are highly inflated. Zillow’s action has resulted in a flood of loan refinance applications and sales.

New Management Client – 29 Condominiums

December 20, 2021

Coast Management of California is pleased to announce that we have been engaged to manage a 29-unit condominium community in Long Beach, California.

Inflation, Crime and HOA Budgets

December 19, 2021

Due to the unprecedented inflation currently taking place in the United States, most homeowner associations are finding it necessary to re-evaluate their operating budgets and reserve budgets. The cost of electricity, water, and natural gas has continued to skyrocket, and all products that are oil based such as roofing materials, paint, wood stain, plastic, and many chemicals are increasing in price, quite dramatically. Also, the higher cost of gasoline has increased costs for contractors and maintenance companies resulting in increased costs for associations. Lastly, the huge increase in crime we are experiencing all over the country has resulted in insurance companies increasing their insurance premiums for nearly every type of insurance policy. Now is the time to reevaluate your association’s budget in order to avoid special and emergency assessments in the near future.

Mailing of Assessment Checks

December 10, 2021

The post office is taking more and more time to deliver mail. CoastManagementofCalifornia.com sends assessment invoices out on approximately the 22th day of each month. Assessments are due on the first day of the following month and a late charge is incurred on the 16th if payment is not received by that date. While the post office may be slow, every owner has more than sufficient time to mail in their assessment and avoid a late charge. The other alternative is to arrange have your assessment paid by your bank on a specified date. Note that the management company does not have authority to waive late charge.

Registered Sex Offenders

December 7, 2021

Homeowners who want information about registered sex offenders in California can find information by visiting meganslaw.ca.gov. Searches can be made by location or by name. In most areas, the number of offenders within a five-mile radius is substantial.

New Management Client – 70 Condominiums

November 30, 2021

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

Inspections of Elevated Structures

November 22, 2021

Starting January 1, 2020 condominium associations, including townhomes, with three or more units must inspect elevated load bearing structures which are supported substantially by wood. The inspections must be made by a licensed structural engineer or architect. HOAs must complete their first inspection by January 1, 2025. See: Inspections of Elevated Structures for important details.

Mediation of Disputes in California

November 22, 2021

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.

Not All Management Companies are the Same

November 22, 2021

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.

 

 

 

Coast Management of California
818-991-1500