Property management is the process of managing real estate available for lease and involves overseeing routine operations such as collecting rental payment and looking for potential occupants for a space. The property manager often manages another entity or party’s property. It’ll take more than one article to discuss everything property management entails, but today, we’ll be discussing the major types of services property managers provide. 1. Property assessment Property managers examine properties inside and out and prepare necessary documentation about their findings. This allows them to determine what repairs or improvements the property may need to enhance the monthly rent... Read more »

So you’re thinking of moving into a smaller house, or you’re looking into buying your first-ever home, and it happens to be in a developed community. Naturally, one of the major “stumbling blocks” to making the move is the HOA fee that you’ll be paying monthly, quarterly, semi-annually, or annually, depending on the HOA’s fees collection schedule. You have to make sure that you can afford the HOA dues on top of your monthly expenses. This is but one of the many other concerns regarding homeowners associations that home buyers look into to help them with the decision-making process. And... Read more »

If you’ve confused homeowners associations (HOA) with property managers or vice-versa, you are not alone. A lot of people think that HOAs and property managers are the same, or at least, their functions are which is why having an HOA and a property manager at the same time is sometimes frowned upon, thinking it’s a waste of time and resources. But there are key differences between the two, and really, what a property manager does is to enable the HOA to properly function and fully serve its community. To help you better understand the differences between an HOA and a... Read more »

Whether you’re considering becoming a member of your HOA’s board of directors or you’re simply wondering about eligibility for a seat on the board, it would help to know the qualifications of an HOA Board member. Specific qualifications may vary from one homeowners association to the next, but in general, these are some of the most common basic qualifications: 1. Educational background Some homeowners associations require board members to have at least a high school diploma or equivalent and there are others that require at an associate’s or bachelor’s degree. It all depends on the HOA’s bylaws and the state’s... Read more »

If you’ve recently moved into an HOA-managed community and you’ve never had the experience of living in such a community before this, you probably have a lot of questions regarding the HOA and its board of directors. To help you stay informed, here are a few things you need to know about your HOA board: 1. Members of the board of directors are elected by the homeowners When a seat becomes vacant, any member of the HOA may express their desire to fill the vacancy, and if they qualify, the homeowners will decide who gets the seat by popular vote.... Read more »