Navigating rentals in a condo association is already hard enough; adding insurance can be maddening. Yet, condo rental insurance is a significant asset every condo rental owner should get.
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Condo association goodwill is an intangible but crucial part of keeping a managed community together. HOA goodwill is not simple to measure, yet it's something that you can instantly see as soon as you spend time in a community. Let's look at a few different things you can try to spread goodwill in community associations.
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A set of board members governs every homeowner's association. While the structure of the HOA board can vary from community to community, the positions more or less remain the same across a majority of them. Generally, the HOA board is headed by the president, followed by the vice president. If you intend to run for the position of vice president, it is imperative to know what the job entails.
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The remedies available to homeowners for handling a problematic board member depend, in part, on the applicable state's laws and the HOA's governing documents.
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If the Association's declaration prohibits rentals (short-term or long), the HOA can likely enforce the prohibition unless there is some other reason why the restriction is unenforceable.
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We base the best relationships between HOAs and the management companies on open communication and clear expectations. However, suppose you're not exactly sure what your management company should be doing for your association. In that case, it can be challenging to determine if you're getting the total value of your service agreement. Here's how to set appropriate expectations with your management company—and why it's crucial.
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