For many homeowners, figuring out where the HOA’s responsibility ends and theirs begins, seems like a straightforward question; until a pipe breaks in the wall behind the washing machine and there’s a scramble to figure out who to call. While each HOA is different, there are some key identifiers which homeowners, boards, and vendors can…
Condominiums and Apartments may be structurally similar, but are fundamentally different. A new owner moving into an HOA for the first time often brings with them expectations from their pre-homeowner life. This is understandable: life in a rental is procedurally simple. Tenants write checks to the owner, whose responsibility it is to maintain the property….
It is common knowledge that attending an HOA meeting is not necessarily the most popular way to spend an evening. But owners make a big investment in their property, and attending meetings is a important. We encourage all owners to be part of the community that is an HOA – and want to help you…
A rough breakdown of how HOA dues are spent. When you sign an agreement to purchase a home in a community, you also are signing an agreement to fund that community. You may own the space inside your property, but areas outside of this (known as the “common elements”) are owned by the community and…
Insurance is an entangling mess… that CAP Management understands. From title, worker’s compensation, liability and other types, insurance covers different scopes of the HOA so when an event occurs over the history of the property, our community is covered and able to care for the property and stay in the red. Title insurance is an…
You may not know this, but when temperatures are consistently over 90 degrees, Kentucky Bluegrass naturally wants to go dormant. As we move into high summer you may notice the grass browning out. If you are new to Colorado you may have noticed it doesn’t rain much, and grass intended for a higher-moisture climate struggles…
For years, CAP Management has been in the business of pursuing FHA certification for condominium associations. While we have been successful in getting HOAs FHA certified, it has not been without difficulty in some cases. HUD has recently acknowledged how cumbersome the FHA approval process is and, with the urging of higher powers, has unveiled…
Most property managers, whether they be for homeowners associations or apartment complexes, are familiar with or have at least heard of the Fair Housing Act. This blog looks at what can be done to avoid perceived discrimination when housing someone who suffers from a disability. The Fair Housing Act (42 U.S.C. §§ 3601-3619) prohibits…
Now that the New Year is upon us, this blog takes a look at the first few months of 2016 for CAP Management. Lots of big changes are on the horizon or being implemented starting January 1st. Paper Statements CAP Management is ready to implement some big changes to make things easier for our…