What are the Pros & Cons of having a property manager?

How much power can they wield?

Is it worth the money?

See our page on ONLINE Banking, Quicken

Pro

Code of Ethics they promise to follow if they belong to the various organizations.

CACM  CA Assoc of Community Managers

Management Firm Ethics CACM

Con

Hold Harmless Agreements

Unlawful Practice of Law

Wrongful Billing – Usury?

 

Links & Resources

CA Dept of Real Estate – Operating Cost Manual – Administration – Management

Business Judgment Rule, which requires that decisions by directors be:

  1. In good faith,
  2. In a manner which the director believes to be in the best interests of the corporation, and
  3. With such care, including reasonable inquiry, as an ordinarily prudent person in a like position would use under similar circumstances. (Corp. Code §7231(c).)

Code of Ethics CACM

Los Angeles Times 1.4.2015 – Manager should NOT interfere with meetings!    There is no requirement that managers even attend board meetings, and it is generally better if they do not.  There are many board directors’ duties that are non delegable, and as fiduciaries, board directors cannot delegate statutory duties to anyone.  managers  are not to interfere with the business of the board and the association.   Are the board members acting in good faith and in the best interests of the association and its titleholders?    If there is confusion about the rules and logistics of these meetings the board’s questions are better put to the association’s counsel than the manager.

Knolls Village doesn’t appear to have a property manager?

Board Member Introductory Material

Basic Training for Board Members

Basic Training for HOA Board Members

 

Guide for Serving on a Condo or HOA Board

 

A basic guide to board, annual and general meetings. How to run an effective meeting and keep it short.

How to Set New Board Members Up for Success

How to Keep HOA Meetings Fair & Friendly

Robert DeNichilo, Esq  on Now I'm on the Board - What did I get myself into?

ECHO - Beginners Guide to HOA Board of Directors Duties & Responsibilities

Check our our collection of video's

Term Life Quotes

Set up a phone, skype or face to face consultation 

Tools to help you figure out how much you should get

Life Insurance Buyers Guide

CA Department of Insurance

NAIC Buyers Guide

NAIC Life Insurance Buyers Guide

Video on how much coverage for death protection you need

 

 

 

 

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