Overcoming Issues with Development Plans
Background: One of our Clients purchased property and had it entitled for 50+ condominium units in a resort area. They went to a local engineer,
Background: One of our Clients purchased property and had it entitled for 50+ condominium units in a resort area. They went to a local engineer,
A developer who was constructing his first Common Interest Development approached us. The project was a gated HOA Community that featured several large and captivating common areas…
Budgeting is a critical aspect of managing a homeowner’s association. It helps ensure that the community’s financial needs are met while maintaining financial stability. However, some common budget mistakes can hinder the smooth operation of an HOA. One such mistake is borrowing from reserves. In this blog, we will discuss the potential pitfalls of borrowing from reserves and explore the legal implications of this practice.
In every Homeowners Association board, there’s often one member who passionately opposes any increase to the budget. Regardless of justifications, this individual consistently votes against it. We were contacted by a Condominium Association that had never conducted a reserve study in its 18-year history.
Are you in the early stages of forming a Homeowners’ Association (HOA) for your new residential development? Crafting the ideal HOA budget is a crucial step toward ensuring the smooth operation and long-term financial health of your community.
California Building Services provided the necessary information to the DRE, enabling the builder to obtain their Final Report for their upcoming closings and stay on track with their schedule.
Our success with the project in this case study was so significant that the home building company extended our methodology to another project, and we’ve been working together for many years.
As a homeowner, board member, developer, or community manager, you bear a significant responsibility of ensuring that your community is always in top-notch condition, well-maintained, and prepared for any unexpected situations. One of your primary duties is managing your community’s reserve fund, which serves as a financial buffer to cover any unforeseen expenses or significant repairs.
One of our clients, who had owned a “shelf” (rental) Condominium project for several years, decided to renew the existing Public Report and sell all
A Homeowners Association (HOA) Reserve Study is an important tool that helps an HOA plan and manage its assets, maintain its financial health, and ensure
If you have questions, we’d love to hear from you!