AngelS2 (Florida)
Posts: 22
Posts: 22
Posted:
Is it conflict of interest by having a unit owner taking over the association manager position?
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Can a unit owner be the association manager?
Started by AngelS2 • 8 replies • 637 views
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SamE2 (New Jersey)
Posts: 310
Posts: 310
Posted:
Yes, self managed associations do it all the time.
AngelS2 (Florida)
Posts: 22
Posts: 22
Posted:
Is it illegal?
SamE2 (New Jersey)
Posts: 310
Posts: 310
Posted:
No it isn't a conflict of interest. The manager still reports to the Board and does what the condo docs and Board direct.
KerryL1 (California)
Posts: 14,550
Posts: 14,550
Posted:
It's not a "conflict of interest," which I won't define right now. Maybe look it up--it's a phase that's thrown around too casually.
Does this H.O. have property mgmt. credentials or certificates? Insurance? Is your HOA complicated with lots of amenities and many contractors working at it?
What tasks are assigned to this PM?
Does this H.O. have property mgmt. credentials or certificates? Insurance? Is your HOA complicated with lots of amenities and many contractors working at it?
What tasks are assigned to this PM?
KerryL1 (California)
Posts: 14,550
Posts: 14,550
Posted:
It's not a "conflict of interest," which I won't define right now. Maybe look it up--it's a phase that's thrown around too casually.
Does this H.O. have property mgmt. credentials or certificates? Insurance? Is your HOA complicated with lots of amenities and many contractors working at it?
What tasks are assigned to this PM?
Does this H.O. have property mgmt. credentials or certificates? Insurance? Is your HOA complicated with lots of amenities and many contractors working at it?
What tasks are assigned to this PM?
BarbaraT1 (Texas)
Posts: 821
Posts: 821
Posted:
Florida is one of the few states that requires HOA managers to be licensed, if they are managing an HOA with ten or more units, or an annual operating budget of $100,000 or more. So your unit owner may need to obtain that license, if they do not already have one.
CathyA3 (Ohio)
Posts: 6,299
Posts: 6,299
Posted:
Does the property manager/homeowner expect to be paid? Hiring a manager is a legitimate expense, but it could cause questions. If the manager will be paid, sure the compensation is in line with that being paid to other area managers with similar experience and similar job duties.
Another issue: a property manager often has access to information that would be considered confidential (ie, not available to homeowners). How would this issue be addressed?
Another issue: a property manager often has access to information that would be considered confidential (ie, not available to homeowners). How would this issue be addressed?
KerryL1 (California)
Posts: 14,550
Posts: 14,550
Posted:
Cathy makes a good point about the PM having access to records that normally would be private, e.g., owner delinquencies.
Another point is that I assume that the PM will, indeed, be compensated and that should never be in the form of a dues reduction since this person's n for in your HOA.
Are you on the Board, Angel?
Another point is that I assume that the PM will, indeed, be compensated and that should never be in the form of a dues reduction since this person's n for in your HOA.
Are you on the Board, Angel?
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