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Rent prices are currently really low. Over the past few month’s there has been an increase in foreclosures. This has a direct impact on the rental market because the market is flooded with available properties and with new renters. Due to this the rental prices are being pushed down.
Beware of under insured and under priced contractors!
True story… A women hired a contractor to fix her leaky roof. The contractor left her with a whole in her roof and never came back to finish the job. What could she have done differently to protect herself? She should have asked to see the contractors license, insurance and workers’ comp. Contractor are required to have a license and provide it upon request. Insure is also required. If a contractor does not provide this documentation do not hire them.
During these times of economic uncertainty and such a high rate of unemployment there has been a increase of people operating that are not properly insured. People are looking for a great deal right now and are looking to the lowest cost rather than to the qualified. Hiring an under insured and an unlicensed contractor because the price seems so great will cost you in the long run. Don’t gamble on your investment, protect it.
If you are looking for a contractor that is fully licensed and insured call SCS. We have done business with them for 3 years and would recommend them to everyone. Visit
Strickland Contract Services
To check on a valid license go to
IBOL
Board members. Hopefully, a few homeowners. How about your management company? If not, call them and inquire, you’re paying for it. Management should be attending at least the annual meeting. Once a year, a homeowner should get to meet the community manager. For one, you can get to know them and understand their methods of operation. Can a community manager really know what is happening in the community if they don’t have interaction with the homeowners? Get to know your community manager.
Landscaping, landscaping, landscaping. I can’t say it any other way. The majority of your HOA dues go directly to landscaping and landscaping maintenance, including water. If your Board is contracting with landscapers, one important question to ask is, “What kind of water conservation plan do you follow?”. For example, a sprinkler is shooting into the street, but not broken. More than likely your landscaping company will not notice this issue. Whose job is it to notify them to fix it? Do you even know who they are? Wouldn’t it be nice to just shoot an e-mail to your HOA management company?
Welcome all! If you have any Home Owners Association questions, ask away.
