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While I have some strong reservations about AB 2598 and SB 1682, see my 5 / 16 / 2004 post under General Homeowner Discussion entitled HOA Foreclosures from a Treasuer viewpoint and believe that HOA's are fundamentally flawed and that no more should be built.
Being on "both sides of the fence" - i.e. trying to get on a HOA board and then , perhaps unfortunately, getting on a board.
Here are some observations after 4 years as a board director
1. GET INVOLVED WITH YOUR HOA-HOA board directors are strictly unpaid volunteers. Unfortunately, most HOA board directors believe a competent job can be done by showing up to a board meeting for a couple of hours per month. The fact is that it takes at least a year to learn the ropes and a competent director can easily make a full time career. I must spend a minimum of 10 hours per week in UNPAID and - unfortunately - mostly UNAPPRECIATED work in my HOA. A good HOA is always looking for volunteers.
2. ATTEND YOUR HOA MEETING-It's only when BAD NEWS is given to the membership that homeowner's show up to the meeting. Go to at LEAST ONE HOA meeting per year to learn about your HOA. Your home is probably your most important investment and it never ceases to amaze me that very FEW homeowner's express any HOA interest.
3. CHECK THE HOA BEFORE YOU BUY-I only had one individual ask about the HOA BEFORE they bought their condo. Ask questions before you buy!!
4. ASK QUESTIONS-At every annual meeting, I explain the legal definition of a condominium. A condominium owner has bought into a corporation. People often ask me about HOA dues, but no one has yet to ask HOW IS MY MONEY SPENT. I have a little PIECHART showing how money is spent and give it to homeowners.
Posted Jun 28 2004 4:34AM CEST
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Stephen Hohs
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, California |
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