RayS4 (Arizona)
Posts: 1
Posts: 1
Posted:
This past year there was a class action filed against many Arizona HOA Management Companies. The suit alleges that these Community Association Management Companies (“CAMs”), have violated Arizona law by contracting with HOAs in collecting past due homeowner assessments. The suit also alleges that many of these CAMs acting as third party debt collectors have engaged in unlawful activities in their attempts to collect past due assessments from Arizona homeowners.
The reason for posting this letter is to share with many local HOA members in the Phoenix, Arizona area information about our own HOA. I was the first President of the HOA upon the handoff of the association by the builder. All of the contracts for management, maintenance, landscaping, etc., were in place. After a short 2 years we found ourselves in serious financial problems. After performing some research, our board of directors determined that there was some inconsistencies with the monthly reports and what the association was spending. It was further determined that our association management company was overcharging our HOA to the point of almost forcing it into bankruptcy.
It was at that time when our board of directors conducted a search to find a new association management company. It was the best move that we could make. The new management company brought our association from near bankruptcy to having the reserves that are needed but also hiring contractors and vendors that have not overcharged the HOA.
Our community has never looked and run better than it is today. I shared this with you as the previous management company is one of those mentioned in the class action suit.
If you feel that your association might be in need of a management company that will conduct your business with integrity and true professionalism, and won’t put you in a financial hardship, please contact me and I will have the appropriate members of our HOA management company contact you to discuss how they may be able to assist you.
Respectfully,
Ray Strahl
Former President, Tarrington Place HOA
Glendale, Arizona 85302
623-341-7614
[email protected]
The reason for posting this letter is to share with many local HOA members in the Phoenix, Arizona area information about our own HOA. I was the first President of the HOA upon the handoff of the association by the builder. All of the contracts for management, maintenance, landscaping, etc., were in place. After a short 2 years we found ourselves in serious financial problems. After performing some research, our board of directors determined that there was some inconsistencies with the monthly reports and what the association was spending. It was further determined that our association management company was overcharging our HOA to the point of almost forcing it into bankruptcy.
It was at that time when our board of directors conducted a search to find a new association management company. It was the best move that we could make. The new management company brought our association from near bankruptcy to having the reserves that are needed but also hiring contractors and vendors that have not overcharged the HOA.
Our community has never looked and run better than it is today. I shared this with you as the previous management company is one of those mentioned in the class action suit.
If you feel that your association might be in need of a management company that will conduct your business with integrity and true professionalism, and won’t put you in a financial hardship, please contact me and I will have the appropriate members of our HOA management company contact you to discuss how they may be able to assist you.
Respectfully,
Ray Strahl
Former President, Tarrington Place HOA
Glendale, Arizona 85302
623-341-7614
[email protected]