They collect the dues, manage the bank accounts and pay bills that the HOA incurs, work with a CPA to file the taxes,

Nov 1, 2024
12:31:48pm

cheezedawg Properly rated

commission the reserve studies that ensure the HOA is collecting enough money to meet their obligations under the current bylaws, and make sure that the HOA is following the law.

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cheezedawg

Bio page: cheezedawg
Joined: Oct 4, 2007
Last login: Dec 24, 2024
Total posts: 71,053 (17,877 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

Nov 1, 12:07pm

Have to pay for that 60% HOA board raise somehow!

Cougarclaw

Nov 1, 12:09pm

I’m the reluctant HOA president. We don’t get paid (it’s illegal for us to get paid)

cheezedawg

Nov 1, 12:33pm

Wow

SBB

Nov 1, 12:09pm

Are there other alternatives in the market?

BYU Fan

Nov 1, 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

Nov 1, 12:11pm

Your response. We were going to pay you $555/mo but decided on $0/mo

JAGA97

Nov 1, 12:11pm

Ha yeah

cheezedawg

Nov 1, 12:11pm

Time for a new HOA management company

WJCougar

Nov 1, 12:11pm

RE: Time for a new HOA management company

cheezedawg

Nov 1, 12:13pm

Is that per house or divided up?

Northwest Cougar

Nov 1, 12:16pm

That’s the monthly fee for the whole HOA. 20 homes, so they each pay $32.75 of the $655.

cheezedawg

Nov 1, 12:24pm

Legit question, what does HOA management company actually do?

Powerbait DPM

Nov 1, 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

Nov 1, 12:31pm

And how does that benefit the home owners?

Powerbait DPM

Nov 1, 12:38pm

cheezedawg

Nov 1, 12:41pm

Yeah, my brother is on an HOA board. The nightmares he deals with from the

Powerbait DPM

Nov 1, 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

Nov 1, 12:56pm

Sounds like it is time to

Courtimedes

Nov 1, 12:35pm

That feels like a conversation with my wife after I look at the credit card statement

Clark Addison

Nov 1, 1:05pm

What if you just stopped paying. Will the city put a lien on all 20 houses?

ponys

Nov 1, 1:17pm

It’s an interesting question. No, the city wouldn’t be involved. First, we could drop this management company at any

cheezedawg

Nov 1, 1:32pm

Yeah that’s what I was asking. So unless the management company ratted you out

ponys

Nov 1, 1:58pm

Check your CC&Rs to see if there is a % ceiling on annual assessment hikes.

cosmohio

Nov 1, 1:44pm

The current proposed budget raises assessments from $55/mo to $60/mo.

cheezedawg

Nov 1, 3:45pm

OK, gotcha. I thought you were talking assessments.

cosmohio

Nov 1, 4:38pm

But the experts told us inflation was merely transitory.

Forzaitalia

Nov 1, 1:45pm

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