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RichardL7 (Colorado)
Posts: 105
Posted:
Hello again from Colorado. Well after all the problems our association has had with the Board and Management Company, The cat is out of the bag so to speak.

First of all it has become obvious that the Board is not willing to require the management company to comply with rules and laws or comply with requests by owners but take a very liberal stance on the M.C. due to the following.

The board is extremely apprehensive in terminating or confronting the management company due to the belief they will not find a new Management Company for the 66 Units and the load on the working board members will be to great.

This statement is one I can fully understand, most are hard working people and few to help. We have one new Board member and I think she will help pull the association together.

Now the question is??. How does one go about locating a new Management Company and ascertain the credit ability of the Company so the board can have a chance on finding a good one.

I wish to help the Board by looking for a new Management Company who has our welfare at heart, professional attitude and enforce the rules as needed and be paid to do it.

This I hope will give the board some working latitude on picking one. In short, give them some choices and confidence that can help. This may relieve some of the strain on them.

I have seen, yes seen the board apologize for asking questions, or offer help to the M.C. on his office work. That is not what we pay a M.C. $12.50 per unit to do. The board members work hard enough and need not be a un-paid helper. He has the ability to do it if he set’s his mind to it,
and saying that I’m not saying the board can’t work with the M.C. at times but not be it’s private secretary.

Please, any comment is appreciated. This is all new on my part, guidance please.
Richard.
TimB4 (Tennessee)
Posts: 21,059
Posted:
Richard,

Just as you would with any other contract the Board should:

1) Identify what work the Board expects the management company to do. You can use the existing contract as a starting point.

2) Solicit bids from as many companies as are willing to give them.

3) Check references

4) Check insurance

5) Check complaints (Better Business Bureau, etc.)

6) Interview

7) Compare costs, risk and benefits

8) Make a decision and enter into a new contract.

Also consider options - Self Management, Partial Self Management with assistance from independent contractors, etc.

Hope this helps,

Tim
RogerB (Colorado)
Posts: 5,067
Posted:
Richard, where in Colorado is your association?
RichardL7 (Colorado)
Posts: 105
Posted:
Roger, in Aurora.
RichardL7 (Colorado)
Posts: 105
Posted:
Thanks Tim.
I will start with the information you gave.
Richard.
RogerB (Colorado)
Posts: 5,067
Posted:
Richard, I can help if you phone me.
__________________________________________________________________________________

11/26/2007 8:29 AM Quote Reply
I'd say it's time for a new management company. Since you are in Colorado, I'd recommend you contact one of our sponsors, DARCO HOA Property Management in Lone Tree at 303-925-0150.

Roger from DARCO is a regular here and has posted thousands of helpful answers for our members. If you look in our service directory pages and click DARCO you will see their quotes on collections.

NOTE: HOATalk and DARCO have no business relationship other then the fact that DARCO is a sponsor here. We do not get paid extra to recommend them to you. I just know Roger is an expert and you are in his state.

Best Regards,
HOATalk.com
RichardL7 (Colorado)
Posts: 105
Posted:
Thanks Roger.
I will get with the board and give them the info.
Richard.

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