HOA Blog - California
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Coast Management of California provides management services to Tenant in Common (TIC) homeowner associations located anywhere in California.
Our firm is pleased to announce that we have been hired to provide online HOA property management services for a 6-unit condominium association in San Francisco.
All corporate boards are required to take and retain minutes of their meetings. Minutes must include a list of required items. Boards should consider hiring a professional recording secretary who can take minutes via Zoom. For information: Recording Secretary Services.
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.
More and more homeowners are purchasing electric vehicles and need to make arrangements to install a charging station in a common area garage. Owners are encouraged to read: Electric Vehicle Charging Stations.
Many refrigerators have water lines that refill automatic ice makers. The valves to these water lines commonly leak causing drywall damage and mold . In almost all situations, the CC&Rs or Operating Rules designate these valves as either separate property or exclusive use common area property making the unit owners responsible for any damage resulting from a leak. Owners are cautioned to replace these values if they are more than 5 years old since the cost of dealing with a leak far exceeds the cost of replacing all of the valves in a typical condominium.
Coast Management of California has a library of attorney approved Operating Rules that can be made available to your association for a minimum cost. The proposed operating rules must be approved by the board at a noticed, open board meeting. See: Adopting and Amending Operating Rules. Please call Michael Chulak for additional information.
Unlike many other HOA management companies, Coast Management of California welcomes the opportunity to provide management services to small homeowner associations located anywhere in California. We value every client. See: Management Services Offered Small Associations.
Beyond obtaining a lower interest rate or cash out, there are many reasons homeowners refinance their homes. See: Twelve Reasons Homeowners Refinance their Homes.
If Coast Management of California is managing your HOA, we can provide the training required so that an owner can provide the services of an inspector of elections.
Coast Management of California
818-991-1500