Managing Agent

Accounting Assistant Steals $148,000 from HOA by Setting Up Company with a Similar Name The Real Deal, a South Florida real estate news provider, has reported that a former accounting assistant in Miami-Dade has been arrested and charged with first-degree grand theft and organized crime to defraud more than $50,00 ...
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Appellate Court Rejects Class Action Claims Against HOA Management Companies Over Transfer Fees A California Court of Appeal issued a decision clarifying a community association manager’s ability to charge transfer fees upon a change of ownership. The appellate court rejected potential class action claims against a management company for charging ...
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Are Your HOA's Funds Being Properly Handled and Invested? The management and operation of a homeowners association (“Association”) results in the Association coming into possession of large sums of funds to cover operating expenses and HOA reserves. Over a period of time, the reserve for HOA funds can grow to ...
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Association Use of IRS Form 1120-H by Lawrence Szabo, Esq. | Feb 9, 2014 An IRS Form 1120-H is the tax filing form used by homeowners associations that want to take advantage of certain tax benefits that allow the association to exclude “exempt function income” from the association’s gross income ...
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Beware of Contracts That Automatically Renew An article in the L.A. Times on January 12, 2014, highlights the importance of knowing the contents of HOA contracts that an association enters into. Frequently, homeowners associations find themselves bound to agreements that contain provisions that are not in the association’s best interest ...
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Class-Action Lawsuits are Being Filed Against HOAs for Charging Excessive Fees by Lawrence Szabo, Esq. | Nov 22, 2016 The Miami Herald has reported the filing of a class-action lawsuit against a homeowners association for allegedly violating Florida’s state laws governing the maximum amount that a homeowners association can charge ...
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Does Your Homeowners Association Have a Website? In this age of technology and the growing integration of the internet into so many aspects of routine living, more and more homeowners associations are discovering the benefits of establishing internet websites for their community. Such websites provide homeowners association members with 24/7 ...
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Education Matters! Ongoing Training for Community Managers and HOA Board Members Your community management company’s primary duty is to protect and maintain the property values for the residences in your community. As part of this responsibility, top community management companies that provide portfolio and on-site management prioritize ongoing education for ...
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Factors HOA's Should Consider in Evaluating Need for Professional Management When is it beneficial for a homeowners association to employ professional management? Without regard to issues about a particular manager, or management company, every homeowners association could benefit from professional management services, but often association boards decide to forego the ...
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When is it beneficial for a homeowners association to employ professional management? Without regard to issues about a particular manager, or management company, every homeowners association could benefit from professional management services, but often association boards decide to forego the expense thinking that a professional manager is not necessary for ...
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HOA Director’s Alleged Defaming Statements About Former Property Manager Were Protected by Qualified Privilege A former association property manager (“Manager”) sued the homeowners association (“Association”) and an individual member of the board of directors (“Director”) for defamation and breach of his employment contract. This content is for Subscribers. To continue ...
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HOA Manager Court Case Ruling This case involved a dispute between the owners of a penthouse condominium unit (“Owners”) and their Association’s Board of Managers (“Board”), and the Association’s managing agent (“Manager”), who was under contract with the Association to manage the day-to-day operations of the Association and keep the ...
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HOAs Should Not Blindly Enter Into Property Management Agreements When a homeowners association decides to retain professional management it is typically provided with a standard form management agreement that is utilized by the management company. Because those agreements have been drafted by lawyers who are retained by property management companies ...
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Is Your HOA Board Fulfilling Its Responsibilities In Connection With Hiring a Property Management Company It is commonplace for homeowners associations to retain outside property managers to assist in the management responsibilities of the association. The process of selecting and retaining the right property manager involves many considerations and preliminary ...
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Necessary Skills for the Manager of a Homeowners Association Choosing the right property management company for your homeowners association necessitates an understanding of the skills that are necessary for the job. A prospective manager for a homeowners association needs to possess knowledge about a multitude of topics that are regularly ...
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