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Does self-managed condo association need property manager license?

  
  
  
  
  
Does a homeowner and board member in a 12 unit association need a property managers license, if the board chooses not to employ a licensed property manager and take on those responsibilities instead.

Comments

Nope, the license is required if you are managing someone else's real estate, i.e. on a 3rd party basis- not needed when you manage your own.  
 
Posted @ Monday, December 13, 2010 9:27 AM by Former Manager
So does that mean if our condo association of 678 units had to replace current manager who does not live in our association and thus is a 3rd party manager who does have his CAM license, we could hire someone from our association to be the manager and that person wouldn't need a CAM license?
Posted @ Monday, December 13, 2010 11:39 AM by Bill Wiegand
With what I have seen being done with Boards, I would not want anyone who is not familiar with property management running an HOA. There are laws that the everyday business person or general person does not know about. We had a president for 16 years that was not following proper rules and therefore, now it is a problem to get several owners to take care of their homes. I work in the property management field, have my license and the board does not understand my fiduary duties that I take serious. Used to be our HOA fee checks would not get deposited for a month or so. You can not do that. So it helps to know how and why you must follow rules and treat every homeowner the same. In case you ever have to go to court. I have a serious problem with one unit who has never been made to take care of their unit. If the past president had them paint and repair a limited amount of cedar siding years ago, we would not be up to $37,000+ of repairs that the owner will never have the money to fix. So I have one unit falling apart, I could not sell 5 yrs ago and even now could not due to the unit. Guess what, both owners are attorneys. I can not get any attorney in town to do a civil suit (conflict of interest) so they say. So if you must take people to court for responible issues not petty issues and stupid late fees for a few weeds between the cracks .Be responsible when you are running the board. Most complaints are that one or two people on the board are stupid on silly stuff - I took over as president one year ago and am worn out calling every place I can to try and get someone to take this owner to court. Being attached I could end up with mold, mildew and danage since they do not want to repair anything. 678 units are alot of work and you need someone good. I only have 15 and it is a handful dealing with these people.
Posted @ Monday, December 13, 2010 4:57 PM by Judith
our board charges a $50.00 deposit from owners for any repair work they have done on the outside of the ir unit..they do not put the check in the bank however they keep it untill the work is completed then the same check is returned to the owner if the bd. approves the work.they say this is to assure the work has been done by a licensed insured contractor is this legal?
Posted @ Thursday, April 19, 2012 2:45 PM by lorraine lungaro
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