FAQ's

Frequently Asked Questions

What is a Homeowners Association (HOA) ?

A Homeowners’ Association (HOA) is a legal entity created by a real estate developer for the purpose of developing, managing and selling a community of homes. It is given the authority to enforce the covenants, conditions & restrictions (CC&Rs) and to manage the common amenities of the development. It allows a developer to end their responsibility over the community, typically by transferring ownership of the association to the homeowners after selling. Generally accepted as a voluntary association of homeowners gathered together to protect their property values and to improve the neighborhood, a large percentage of U.S neighborhoods where free standing homes exist have an HOA. Most homeowners’ associations are non profit organizations and are subject to state statutes that govern non-profit corporations and homeowners’ association.

What is a Community Association ?

A community association is a nongovernmental association of participating members of a community, such as a neighborhood, village, condominium, cooperative, or group of homeowners or property owners in a delineated geographic area. Participation may be voluntary, require a specific residency, or require participation in an intentional community. Community associations may serve as social clubs, community promotional groups, service organizations, or quasi-governmental groups.

What is a Neighborhood Association (NA) ?

A Neighborhood Association (NA) is a group of residents or property owners who advocate for or organize activities within a neighborhood. An association may have elected leaders and voluntary dues. Some neighborhood associations in the United States are incorporated, may be recognized by the Internal Revenue Service as 501(c)(4) nonprofit organization, and may enjoy freedom from taxation from their home.

Why hire a property manager?

Whether you’re a successful realtor, investor, or busy individual, a property manager can take care of all the aspects of property management that you may not be an expert on, or maybe time consuming, such as deciphering market activity, property value, and local rental rates. A property manager will make sure that your tenants are happy and all their issues are taken care of, resulting in a low tenant turnover. Property managers are also very skilled in marketing your property and know just what to do to target the tenants you are looking for.

Are your repair & maintenance personnel employees or contractors?

We maintain a complete list of vendors who provide quality service at a low cost. Most repair and maintenance services are performed by outside vendors and contractors.

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