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Condominium, co-op and home owner association property managers can be responsible for as much or as little as the association board pays the property manager for.
In order to qualify to play the role of a property manager, it's a good idea to become familiar with your state's legal requirements of board duties.
For example, in Washington state, a board's duties include "...to protect, to maintain and to preserve..." the association's real estate assets. A full set of governing documents is used to operate every association, and each set is different from every other set.
As well, each geography presents different challenges to anyone managing association properties, depending on how common associations are in that geography.
In sum, it's a good idea to look around the geography where you want to perform these services, and determine which qualifications, education and performance standards are required there.
You can read more, below.
NB: This link is for informational purposes, with no endorsement by this answering volunteer or by WikiAnswers.
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Can a resident in a homeowner's association be the paid Property Manager?
The situation you describe does present a conflict of interest. Best practices dictate that this be resolved either with the engagement of a new association management firm, or the sale and move out by the currently engaged property manager.
Do you need to be a realtor to be a property manager?
It depends on what state you live in. I am a property manager in Minnesota and I do not have my realtor's license.
How can you email the president of your home owners association?
Generally, you'll need an e-mail address to accomplish this task. Your board or your property manager can supply you with the contact details for your president.
What is the contact number for the Cliff Gardens town Homes Homeowners Association or the Property Manager?
Without a state listing, this will be a tough question to answer. You can ask anyone on the board of this association, or any property owner, who should have or be able to get that information for you.
Should a board member of a homeowners association be the property manager also?
It is generally not recommended for a board member of a homeowners association to also serve as the property manager. This can create conflicts of interest and make it difficult to maintain impartiality in decision-making. It is best to have separate individuals or entities fulfilling these roles to ensure transparency and fairness in managing the association.
Where can one hire a property manager?
One can hire a property manager online from a number of websites. One can visit the 'Institute of Real Estate Management' website and click on the 'Find a member' link. Alternatively one can find them on the 'National Association of Residential Property Managers' website.
Where to register for appartments owners association?
If you are a new owner or new resident, you can register as soon as possible after taking possession or occupancy. Contact a board member or the association's property manager for details. If you are an association, and you are a corporation, you may need to register with the secretary of state in your state. The state law will dictate when and where you must register, depending on the association's designated type of business.
What is the title of a person that assists the owner of rental property?
Property manager, agent.Property manager, agent.Property manager, agent.Property manager, agent.
Propane grill on condo property?
Read your governing documents to determine whether or not you can grill on the property using this kind of equipment. Your board or association manager may also be able to answer your question. There is no standard.
Does a property manager need to be bonded?
Yes they do. They also need several other types of insurance policies.
How do you remove condominium property management?
Any manager for a condominium association is a vendor, usually under a contract. Read the contract to find the termination clauses.
How do you deal with property managers when you live in a condo?
Your property manager's relationship with you, if you are an owner, is generally through your board of directors. However, if you have an emergency or a maintenance matter, or another matter that you want to be addressed, you can contact your property manager directly. When you contact the property manager, it's also a good idea to include the full board of directors in your communication, so that all involved are aware that there is an issue requiring resolution. As an owner in good standing, you are entitled to answers, remedies and treatment that is civil, timely and appropriate. Why? Because you are a voting shareholder in the association, which pays the property manager's fee.
