By Deborah Goonan, Independent American Communities Homeowner advocate alert: three California HOA bills to be debated in Legislative committees. SB434 and SB754 were heard in committee for the first time this week at the Capitol. Now both are set for a second hearing, along with SB323 at 1:30 PM on April 30th. If you live in California, now is your chance to let your lawmakers hear from you. SB323 HOA elections This homeowner-friendly bill is Continue ReadingCalifornia HOA Legislation: fair elections and management accountability (April 2019)
By Deborah Goonan, Independent American Communities During the past several years, I’ve noticed several changes in the homeowners’ association management industry. In my opinion, some of these changes do not benefit homeowners. First, large management companies continue to buy up smaller management businesses, decreasing competition. That’s been happening for years. But, more notably, the larger HOA management firms keep adding extra services — and revenue streams — to their business models. HOA, condo Continue ReadingDo housing consumers benefit from integrated Condo HOA management?
By Deborah Goonan, Independent American Communities The Illinois Legislature is considering several bills that would limit Home Rule power of local governments; mandate that a condo board must provide nominal due process before levying a fine; change the process for payment of property taxes; and increase transparency and disclosure requirements. HB 29 would stop local government from enacting Ordinances that contradict state law The bill states that a local government, including a Home Rule Continue ReadingIllinois condo HOA legislation update (March 2019)
By Deborah Goonan, Independent American Communities This month: more condo HOA managers under investigation, several sentenced after pleading guilty to theft and money laundering; FBI probe in Miami; condo owners catch maintenance worker stealing their stuff. Illinois Condo President says former management company left them bankrupt CBS2 Chicago, reports that Drexel Condo Association President Natasha Neptune, has filed a complaint with Illinois Department of Financial Professional Regulation against the association’s former management company. Neptune says Continue ReadingHOA, condo & co-op corruption and fraud roundup (March 2019)