Why state licensing for property management companies is good for you!
In formal classes the HOA industry money makers (property management companies and attorneys) seem to smirk/smile when they say “but ultimately the Board is responsible for everything.” Note, the HOA attorney is in a lobby group with the property management companies which then work to keep themselves self-governed and unaccountable. This is not in the best interest for you or your fellow homeowners. It’s an obvious conflict-of-interest.
Kevin Costner said, “If you build it they will come.”
A new movie could have him saying, “If you create it (checking account), they will come (embezzlers).
Years ago there was a rash of stories about soccer-moms who were stealing from the soccer club checking accounts. Some people just can’t withstand temptation.
In the story linked below, owners of storage facility lockers in Lake Havasu City discovered their board president had skated off with about $300,000. They’d love to sue him to get it back. But he had the temerity to die. It’s happened before!
Anybody who’s seen the ugly insides of the national HOA scam knows that Homeowners Associations are lawsuit machines. In most lawsuits and criminal actions Americans have access to the Due Process clause of the U.S. Constitution. In the typical Homeowners Association each member unknowingly contracts away that access. Bam! In Pennsylvania Dutch, “there goes the egg money!”
Throw away your access to Due Process and every lawyer within spitting distance knows there’s money to be had. Free money. Your money. Paint your door the wrong color and you get fined, liened, sued and you pay all the HOA’s legal expenses. Lawsuit machines. No other possible description.