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How does each state regulate property managers differently?

Posted on Mon, Jun 23, 2014 @ 07:24 AM
  
  
  
  
HOA and condo management state regulations 062814 resized 600

I'm interested in finding how each state regulates the HOA /condo association property managers?

15 Comments Click here to read/write comments

What does HOA do about delinquent homeowner falling further behind?

Posted on Wed, May 18, 2011 @ 06:50 AM
  
  
  
  
We have a delinquent homeowner has no job getting farther behind. What are options in North Carolina?  We have followed all rules about warning, late charges, interest charges, etc. She has promised regular small payments, but has not made them. We know she hasn't much money, but she doesn't pay small amounts from what she has. We have told her we will file a lien, but haven't. What are the legal ramifications for that?

18 Comments Click here to read/write comments

Property manager has bad financial reporting to condo association

Posted on Sat, Jan 29, 2011 @ 10:29 AM
  
  
  
  
Our North Carolina-based condo association has had a new property management company for 6 months. The financial records they send to the board each month are VERY hard for any of us to figure out. Lots of abbreviations and very little actual information, as far as I can tell. Maybe an accountant would be able to figure them out, but we're not accountants. We have asked them for invoices, so that we can at least match checks paid to what work was actually performed, but they are balking at this. I'm spending way too much time every month asking follow-up questions, and then it's like pulling teeth to get a clear answer. Any suggestions?

13 Comments Click here to read/write comments

Board is withholding condo association insurance claim from owner

Posted on Wed, Mar 31, 2010 @ 05:39 AM
  
  
  
  
Board President deposited a settlement check from the Condo Association insurance claim month ago for a claim I submitted to the Master Policy. He delays paying me the several thousand I was awarded and the money is not in escrow but is in an income account. He stalls claiming the Condo Association Insurance documents are confusing to him although the Insurance representatives have explained it serveral time and have sent him a 30 documentation. The Insurance Company can not do more. I tried reporting this matter to the NC Real Estate Commission who said it is out of their jurisdiction. Is there anything I can do .. other than hire a lawyer I can't afford. The President seems to be enjoying my frustration.

4 Comments Click here to read/write comments

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