Selecting the Right Tenant

Selecting the Right Tenant You bought investment property to make money. But nothing can destroy your investment, impede your cash flow, and cause you stress like the wrong tenant. The wrong tenant can damage your property, pay rent late or not at all, and create expense and more stress...

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Self Management Guide: Violations or Covenant Enforcement

Self Management Guide: Violations or Covenant Enforcement Over half of the community associations (HOAs, Condos, Townhomes, Mobile-Modular, Co-ops) throughout the United States are self-managed. Furthermore, that number is rising. Geographical areas experiencing extensive foreclosures often must choose between paying a monthly management fee or and street lighting. Here we offer time-tested suggestions...

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Self Management Guide: What defines well constructed rules

Self Management Guide: What defines well constructed rules Are the rules and policies new or have they always been in place? What about their enforcement? Has the enforcement of these policies been applied with consistency? Do the members know what is going on? Do they know who to reach out to with their...

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A Guide to Self-Management

A Guide to Self-Management Over half of the community associations throughout the United States are self-managed. Furthermore, that number is rising because of increased foreclosures, nemployment, and the general downturn of the economy. Geographical areas experiencing extensive foreclosures often must choose between paying a monthly management fee and street lighting. If you...

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Self Managed Gude: Part 2

Self Managed Gude: Part 2 Where does the board begin? In my last article I suggested that community leaders start with their association documents: the bylaws and CCRs if you are not a condo or a declaration of condominium. The Board must understand what is required as community leaders and these...

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Self Management Guide: Duties and Responsibilities of Volunteers

Self Management Guide: Duties and Responsibilities of Volunteers Overview: Refer to Earlier Articles  Your community’s documents, the declaration of condominium, CCRs, Bylaws, etc., are the starting point for the self-managed association. [read]  With respect to your association, your documents largely, define the board’s roles, duties, obligations, and administrative responsibilities. [read]  Gain...

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Self Management: Saving Money Part 1

Self Management: Saving Money Part 1 The topic of this article is one near and dear to every board member’s heart. It is about saving money. Before proceeding, I thank you for the many kind words in your emails and I value and appreciate your thoughts and comments. My company, Vanguard...

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Self Management: Saving Money Part 2

Self Management: Saving Money Part 2 Continued from last issue…   Preserving your community’s resources makes sense, if your community has sufficient competent volunteers to do what a management company should do. Be it your manager or the board, the objective of management is to preserve or increase the property values...

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