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Nov 1, 2024
12:25
:55
pm
Powerbait DPM
All-American
Legit question, what does HOA management company actually do?
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Powerbait DPM
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Powerbait DPM
Joined
May 29, 2015
Last login
Nov 1, 2024
Total posts
8,615 (7 FO)
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Messages
Author
Time
Ha! Our current HOA management company finally responded. I had sent them an email saying that the 18% increase in their
cheezedawg
Properly rated
12:07pm
Have to pay for that 60% HOA board raise somehow!
Cougarclaw
12:09pm
I’m the reluctant HOA president. We don’t get paid (it’s illegal for us to get paid)
cheezedawg
12:33pm
Wow
SBB
12:09pm
Are there other alternatives in the market?
BYU Fan
12:09pm
Yeah I’m following up with a company that would be $300/month. Or we could just do it ourselves instead of hiring a
cheezedawg
12:11pm
Your response. We were going to pay you $555/mo but decided on $0/mo
JAGA97
12:11pm
Ha yeah
cheezedawg
12:11pm
Time for a new HOA management company
WJCougar
12:11pm
RE: Time for a new HOA management company
cheezedawg
12:13pm
Is that per house or divided up?
Northwest Cougar
12:16pm
That’s the monthly fee for the whole HOA. 20 homes, so they each pay $32.75 of the $655.
cheezedawg
12:24pm
Legit question, what does HOA management company actually do?
Powerbait DPM
12:25pm
They collect the dues, manage the bank accounts and pay bills that the HOA incurs, work with a CPA to file the taxes,
cheezedawg
12:31pm
And how does that benefit the home owners?
Powerbait DPM
12:38pm
See the related thread. We want to get rid of the HOA but it’s next to impossible to do. We are stuck paying fees just
cheezedawg
12:41pm
Yeah, my brother is on an HOA board. The nightmares he deals with from the
Powerbait DPM
12:45pm
We hire a management company because the alternative is 1-2 of us volunteer a bunch of time to manage the HOA for free
cheezedawg
12:56pm
Sounds like it is time to
Courtimedes
12:35pm
That feels like a conversation with my wife after I look at the credit card statement
Clark Addison
1:05pm
What if you just stopped paying. Will the city put a lien on all 20 houses?
ponys
1:17pm
It’s an interesting question. No, the city wouldn’t be involved. First, we could drop this management company at any
cheezedawg
1:32pm
Yeah that’s what I was asking. So unless the management company ratted you out
ponys
1:58pm
Check your CC&Rs to see if there is a % ceiling on annual assessment hikes.
cosmohio
1:44pm
The current proposed budget raises assessments from $55/mo to $60/mo.
cheezedawg
3:45pm
But the experts told us inflation was merely transitory.
Forzaitalia
1:45pm
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