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: Nov 1, 2024
Total posts: 70,066 (17,600 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

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

OK, gotcha. I thought you were talking assessments.

cosmohio

4:38pm

But the experts told us inflation was merely transitory.

Forzaitalia

1:45pm

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