Whether you own a second property or several other properties, you would need help managing them particularly if said properties are not within the same city or even state as your current location. Now, if you’re looking for a Corona property management company to oversee the care and maintenance of your properties, among other things, in Corona, CA, the first you should know is that not all property management companies are the same. Not all of them offer the same services. And not all of them give you value for your money. On that note, here are a few things to remember when choosing a property management company:

HOA property management information: Finding the right property manager for you

Location is everything

When it comes to finding the right property manager for the job, proximity matters. So, if your properties are in Corona, then you should focus your search on property management companies serving the area. It would be best to hire a Corona property management company with an office right in the city. This way, the property manager assigned to you can readily go to your property for emergencies or unforeseen events.

Additionally, a property management company located where your properties are know such important HOA property management information as state and federal laws regarding homeowners’ associations (most properties these days are within HOA-managed communities). This reduces your risk for violations, or in worst case scenarios, litigation.

Reputation is key

When choosing a Corona property management company, you should check how long they’ve been in the business and how well they’ve been so far managing the properties under their care. In this regard, you would want to check out first those companies that were referred by friends, family, or other people that you trust. Ask your real estate agent if they have recommendations as well.

You’d want to focus on companies that are well-known in the area for being good property managers. Those that owners can fully trust and rely on.

What does your gut say?

Last but not the least, listen to your gut. Even if they check all the boxes but you still feel that something is off, then you’re probably right. Follow your instinct and look for another property manager. In situations like this, it would be better to err on the side of caution than find out too late that your instincts were right all along. Unfortunately, there are property managers that do not have your best interests at heart. And often, this means paying exorbitant fees for poor service.

As a last reminder, do not be in a hurry to hire a property manager. While you may feel that you are pressed for time, rushing to hire property management services could result in neglecting or overlooking important considerations.

Are you looking for more HOA property management information? Please feel free to browse our blog page for the latest articles on HOA and property management, and other related matters. For other questions, you may call us at (951) 270-3700.

3 Reasons to Live in an HOA-managed Community

Some people hesitate to move into a new home simply because the property is part of an HOA community. This is especially true for someone who’s never had the experience of living in an HOA-managed property in the past. There are advantages to a homeowners association that some may not know about precisely because they haven’t lived in an HOA community before.

If you’re still undecided about the condominium unit or single-family home you’ve been eyeing because it is governed by a homeowners association, it might help to know the benefits
homeowners derive from an HOA. The following advantages could help with your decision-making process:

1. There is an “authorized entity” you can readily approach for concerns regarding neighbors

Disputes and arguments between neighbors may sometimes arise, and if these occur within a neighborhood governed by an HOA, you readily have someone to assist you with the dispute/disagreement. Homeowners can approach their HOA to discuss their complaint, upon which the HOA will investigate the incident/situation, mediate, and resolve the conflict as amicably as possible.

2. Access to exclusive amenities and facilities

One of the best parts about living in an HOA community is that some provide world-class amenities and facilities for the exclusive use of the homeowners (and their guests, when applicable) alone. Such facilities, such as parks and playgrounds, swimming pools, recreation centers, fitness facilities or gyms, basketball and/or tennis courts, are built for the comfort and convenience of the homeowners.

3. You have a support system

When you move into an HOA community, you automatically get a new support system. HOAs don’t only oversee the upkeep of the community to keep property values up and maintain a certain standard of excellence; they also exist to assist homeowners, be it for personal needs or matters related to their property. There are HOAs that hold fundraisers, for instance, to help a homeowner going through medical/health challenges. There are HOAs that support pet adoption and other good causes as well.

From the above, you can see that a homeowners association benefits homeowners in ways that can greatly improve one’s quality of life.

If you’d like to learn more about HOAs and how they benefit homeowners, or read more about HOA-related posts, please feel free to browse our blog page. For news and updates on California homeowners associations, you may visit the community news page.

Understanding Responsibilities of an HOA Board and HOA Management Company

A homeowners association or HOA is primarily established to ensure that the homeowners and the community it serves thrive and grow. And in order to achieve this goal, by-laws and covenants are put in place. These by-laws and covenants basically establish rules and regulations that all homeowners must follow for as long as they are a part of the HOA community.

Similarly, the by-laws generally enumerate the HOA’s functions and the HOA Board’s responsibilities, including things they can and cannot do whether on behalf of the HOA or as a Board member/homeowner.

That said, the HOA Board’s primary duty is to ensure that the association is fully functional and serves the best interest of the community. This is where an HOA management company may be considered. Sometimes though, the responsibilities of the Board and the management company overlap even if they shouldn’t, which means the management team is sometimes expected to perform duties that only the Board should.

It is therefore important to clearly define responsibilities of the HOA management team in terms of their assistance to the Board.

Responsibilities of an HOA Board

• Enforce rules and covenants
• Create and/or amend policies
• Intervene, investigate, and resolve disputes and arguments among homeowners
• Investigate and resolve complaints
• Approve or reject requests (for repair or maintenance, for example)
• Serve as the HOA’s Architectural Review Committee for requests for architectural changes on a property
• Make all decisions related to the HOA, homeowners, and the community in general

Responsibilities of an HOA management company

• Assist in the HOA’s day-to-day functions
• Handle communications between homeowners and the HOA
• Recommend vendors, suppliers, and contractors
• Ensure contractors and other outside services are fully insured to protect the HOA from liability
• Sign checks on behalf of the HOA (optional, and up to a certain amount only)
• Coordinate with the HOA for maintenance or repair requests from homeowners
• Ensure homeowners are complying with rules and covenants, as requested by the HOA

From the above, you can see that the HOA management company’s primary role is to ease the burden of the HOA and help where and when needed, and according to “services” defined in the management contract/agreement. Decision-making and other fiduciary duties of the Board members will solely be handled by the Board itself.

Do you wish to learn more about homeowners’ associations, HOA management, property management, or other related topics? Please feel free to browse our blog page. You may also visit the community news page for more information on California homeowners’ associations.

Key Differences Between an HOA Management and a Property Management Company

If an HOA hires an HOA management team does it mean they also automatically oversee maintenance of the properties in the community the HOA is responsible for? Not necessarily so. A lot of people think that HOA management and property management are interchangeable terms thus mistaking an HOA manager as a property manager too and vice-versa.

Top 3 Reasons an HOA Should Hire a Property Manager

A property manager oversees the care and maintenance of a specific property, including vetting tenants and ensuring renters follow regulations stipulated in the lease contract, if they were hired to oversee rental properties. Other than rental properties, a property manager may also be hired to oversee the general upkeep of a piece of property like a vacation or second home. What then, is the role of a property manager in a homeowners association?

Reasons why an HOA should consider hiring a property manager

An HOA is responsible for the community it serves, which covers both the homeowners and common areas. The HOA may be tasked to oversee corporate-owned properties or areas as well. This might not seem such a difficult task but when you break down these tasks into small details, that’s when responsibilities become overwhelming. This is where a property manager may come into play. Below are a few reasons why HOAs should consider hiring a licensed and experienced property manager:

1. Oversee care and maintenance of corporate-owned areas

Within an HOA-managed community, there could be several corporate or developer owned areas, which they need to oversee on top of performing their duties and responsibilities. A property manager can take over the responsibility of maintaining these corporately owned areas or properties to ensure they are always in the best shape and ready for use according to the owner’s discretion.

2. Contact vendors for repairs

Property managers usually have a good relationship with several vendors and suppliers, which makes it easy for them to contact specific services for repairs or parts replacements for the common areas they manage. Sometimes, repairs are delayed because the HOA is overwhelmed with tasks that demand equal attention. A property manager can prevent such delays and make sure common areas are functioning as they should and always available for use.

3. Assist the HOA Board

Last but not the least, an HOA should consider hiring a property manager because they ease the Board’s workload. By taking care of the common areas and everything associated with their upkeep, the Board can focus on other important tasks and still have enough time to also focus on their personal lives.

If you wish to learn more about HOAs and other related topics, please feel free to browse our blog page. You may also visit the community news page for more information on California homeowners associations.