
6 July 2015 | 0 replies
These costs have already resulted in PMs that serve smaller (less than 25 homes) HOAs to go out of business.The fees, business costs and government involvement would be more tolerable if the law accomplished its’ intended goal of consumer protection.However, the law is vague on the most simple demands and accountability for property managers: 1) there are no direct statements mandating PMs comply with all State laws and an HOA’s governing documents 2) no direct statements that require PMs to advise an HOA when they observe non-compliance with the law or to report to DORA when such advice has been ignored and violations continue3)no direct statements that hold PMs accountable when they carry out requested actions of a Board that are in non-compliance with the law or an HOAs governing documents 4) no mandates for PMs to provide home owners with a detailed explanation or legal justification of fees and assessments (such as the HOA Transfer Fee) they independently impose and retain and 5) no requirement to explain and justify in detail all PM fees in their contracts with the HOA.Repeated requests to DORA (Department of Regulatory Services) and legislators from Colorado’s largest HOA home owner’s group, Colorado HOA Forum, to include these simple specifics have been rejected making reform and enforcement for home owners very difficult.Legislators also refused to include in the Law assistance to smaller HOA PMs by reducing their licensing costs and requirements.Licensing also witnessed an unprecedented and disturbing legislative act.The Law contains language directly promoting a private entity’s (CAI) sales products and educational courses.It also allows the industry that is to be regulated (CAI) to develop and complete State educational, testing, and credentialing requirements none of which have been officially reviewed or approved by the State.Then there is the missing legislative mandate in licensing rules to address meaningful “full disclosure” of all fees and assessments on home owners by PMs.Specifically, the HOA Transfer Fee that cost HOA home owners millions each year will continue without any limits or justification.DORA decided a one-liner on home closing documents with no receipt and/or detail of charges is “full disclosure” of this fee.Legislation/licensing that is crafted by the interest group to be regulated should be disconcerting to home owners and businesses.The CAI has dominated the PM industry and HOA legislation in Colorado for decades.Their influence and leadership has led to the need for licensing and reform.July 1, 2015 was to be a good beginning on reforming the abuses in the PM industry but HOA home owners will sadly see little change.

18 July 2015 | 8 replies
Welcome to BP @Jacob Edmond Find and network with local investors using find feature!

9 July 2015 | 9 replies
Find and network with local investors using find feature!

7 July 2015 | 2 replies
The feature I'm looking for in a PM package is the ability to have it print out 3 day notices automatically if rent hasn't been posted by a specific date.

6 July 2015 | 1 reply
A lesser-known product, similar features.

15 April 2016 | 9 replies
the features it has is highly useful.

13 July 2015 | 5 replies
Find and network with local investors using find feature!

4 September 2015 | 13 replies
I would start by making a list of people you know, Facebook has a great feature that allows you to search for who know in different cities: https://www.facebook.com/help/community/question/?

12 July 2015 | 3 replies
I did not know that this feature existed.Thank you

13 July 2015 | 26 replies
There is a wealth of information on these and other topics, if people use the search feature.