Very useful as an introduction to HOA.Would recommend this book for anyone who has never lived within one and who wonders what that might be like.
Product Description
Your Home is Your Castle was written by Richard Blumenfeld as a manual for those interested in the management of residential homeowner associations. Years ago, developers saw homeowner associations as troublesome components of their primary function to build and successfully sell housing. The popularity of homeowner associations forced developers to rethink their philosophy and include associations as a part of their offering. Unfortunately, many do not understand the complexity of homeowner associations. Developers take shortcuts and the results are often disaster. Homeowners feel secure that their homeowner association will protect their home's values and enhance their quality of life. However, they seldom understand their responsibilities and the work that goes into making an HOA a success. Homeowner associations must be operated as a business, and there is no room for personal agendas. Understanding of case law applicable to homeowner associations is mandatory. Do owners read their Declaration of Covenants and do they understand the bylaws of their community? Do developers strive to create a set of HOA documents that are appropriate for their homeowners? Your Home is Your Castle is a common sense road map that can be followed by developers, homeowners, management companies, and those considering entering the HOA management business.
About the Author
Rick Blumenfeld is among the rare breed who came to the big city with no job, big dreams and $50.00 in his pocket. He survived hard times and prospered. While living in Atlanta, he has been active in most every aspect of residential real estate. His company, Township Residential, Inc. marketed and sold over $100 million of residential real estate. They served as asset manager for banks, insurance companies, federal agencies and off-shore corporations. His firm developed single-family and multi-family housing, and owned construction companies in two states. Rick has been involved in the management of residential homeowner associations since 1980 including owning one of the largest homeowner association management companies in the Southeastern United States. He has also completed all case work for a Certified Property Manager designation. Your Home is Your Castle was written as a road map for those interested in homeowner association management. It is the author's hope that this book will be read by management companies, developers and board members and that their skills will be enhanced by their reading. Mr. Blumenfeld is in the process of forming a new company that will provide financial management services to homeowner associations. His collaborators include a respected CPA firm, an HOA software provider, and one of the most active banks in the United States, formed exclusively for homeowner associations. It is his contention that most associations still under the rule of developers should be self-managed as well as many community associations under the control of homeowners.
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