We’re not harming anyone. 

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

This seems like a clear conflict of interest where an HOA president can use his role to his advantage and purchase another unit in the building without needing to ask anybody else for reserve details / bank statements/ etc, benefitting himself as an investor and harming other members of the HOA.Has anybody else ever come across this kind of situation?

I get wanting to start getting your asset producing but getting this going before you've been there, set it up the way you'd expect and making sure everything is ready to go is likely to harm you in the long run.

Plus any harm he does in the future may come back in a lawsuit against you.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesEven if someone give you a referral, don’t make the mistake of assuming the PMC will meet your expectations, just because they met the expectations of the referral source.We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

This is not something I would risk my license for nor would I ever want to put you or anyoneelse in harms way for a commission.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesEven if someone give you a referral, don’t make the mistake of assuming the PMC will meet your expectations, just because they met the expectations of the referral source.We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Your client has been legitimately and severely harmed and there is a $1m primary policy and a $5m umbrella policy ready to pay.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.