Business and Management

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Business and Management

Hello, my name is John King and I have been a long time member of hoa management companies columbia sc and HOA community management in Charlotte, and today I would like to share with you a few things that most people should know if considering the idea of building a home owner association. Owning and managing a home owner association can be an absolutely amazing experience, however, you still need to be sure that you are following all of the state and federal laws that are imposed on HOA communities. Not too long ago I had a friend who had decided that he wanted to start a HOA, however, he did a really bad job at managing the compliances of the HOA, therefore, he found himself in a lot of debt because of penalties he had gotten for not following regulations. Today, I want to visit with you about how you can easily follow regulations while also operating a successful HOA community.

 

When you begin setting up your HOA community you need to consider hiring an attorney. You need to find someone who specializes in legal real estate who can help you create governing documents which will enforce rules for the residents who are actually living in your HOA community itself. The attorney that you hire will also help you follow all of the laws that are imposed on HOA communities by state and federal authorities. If you do not have a lot of money to pay to an attorney for helping you stay compliant you can always offer a board position for the attorney itself which might be a way to get free help. Have you been considering building a HOA community? If so, I want to encourage you to take time to contact me if you have any questions. Additionally, you can leave any questions that you have below in the comment section if you would like.