Showing posts with label Kuester property Management. Show all posts
Showing posts with label Kuester property Management. Show all posts

HOA Rules

Home Owners Association rules are created for the best interest of the community and vary from HOA to HOA. Failure to follow these rules can result in serious fines or legal action, so it is not to be taken lightly.

Before you plan to purchase a house in an HOA community, be sure to read through the rules and guidelines (CC&R) thoroughly. If you have an opportunity, have a chat with the neighbors regarding their experience living in the development abiding by these rules. Although some of the rules are pretty standard, different HOAs will have their own set of unique guidelines pertaining to their community and their specific common areas and "personality."

If you have never lived in an HOA community before, you might find that some of the policies are rather restricting, or even bizarre, (I remember reading through mine the first time and seeing that the HOA specifically restricted swine from residing in the homes... which made me think that at some point, someone HAD to have had a pig in the neighborhood that had caused a bit of a ruckus!)

The usual HOA guidelines include what kind of maintenance to the common will be done including the landscapes, swimming pools and play areas, and the courts or courses if they apply.

Garbage removal may be included in the HOA fees, or may not, but there will likely be a policy about keeping your trash cans out for a limited amount of time, and where they can be stored. (Garbage tends to be a big deal with neighbors). You may also be restricted to where you can park and for how long, and how late an loudly you can party outside the house.

Most of the common place regulations involve general discipline in the daily activities like throwing out garbage, mowing the lawn, keeping the premises clean, and maintaining low noise level so that one will not get the feel of living in a college apartment. This is for the general happiness and well-being of all, despite the occasional inconvenience to the individual.

Attendance at the regular HOA meetings, will give you a feel for not only why the rules are in place, but also for how to change rules too. HOAs will welcome participation from the residents and on the committees and if there is a policy you are not happy with, as a member of the community, you have the opportunity to try to get it changed!

If you have any questions about the HOAs in the Charlotte area, please give us a call at 888.600.5044.


Kuester Property Management
HOA Community Management

Pros and Cons of an HOA

There is a lot a debate about the pros and cons of an HOA and a lot of it just comes down to a personal choice. Here are some "Pros and Cons" -- however, as with everything, a "pro" for you could be a "con" for someone else!

Below are five ways that an HOA is seen as a positive:

1) The HOA is beneficial to the community and maintains and pays for the upkeep of common areas, including ponds, swimming pools, tennis courts, play grounds, golf courses and club houses. It could be said that without an HOA you may not be able to have these amenities in your neighborhood.

2) Some HOAs provide services such as driveway snow removal or lawn maintenance for each residence. Perfect for busy families or retirees -- and it ensures a uniform and well-kept look throughout the neighborhood.

3) An HOA will have a mechanism to mediates disputes and quickly resolve grievances between residents.

4) An HOA will help property values to stay high by regulating the things that help keep a neighborhood looking good, (keeping garage doors closed, no cars left in driveways over night or on the street, no signs in yards, holiday decorations only left up for a month, etc.)

5) An HOA may plan annual parties, family nights, pool parties, neighborhood clean-up days, etc.

Below are five ways that an HOA may be seen as a negative:

1) Some people don't like being restricted by neighborhood rules, such as how high your grass can get before it is mowed or how many pets you can have.

2) HOAs will often have regulations about renting out the property, and may need to approve the renters.

3) Neighborhood Association dues that help maintain the common area and which go to the special events add an additional expense to home ownership.

4) If you do not pay your dues on time, an HOA can put a lien on your home or force a foreclosure on your property.

5) Some HOAs are poorly managed and a lot of times the board has a lot of turn-over. This is in part because board members tend to be volunteers with a paying day jobs and busy families. (This is why many HOAs turn to a professional HOA management company to help set and guide the rules).

In the end, your decision to move into an HOA community is one that you need to carefully consider - and each HOA is different! Be sure to read the covenants of any HOA you are considering and if you do choose an HOA community, you will always be happier with the results if you stay involved. HOAs are about and for the residents!

Kuester Property Management
Charlotte, North Carolina

How to Find A Good Investment Property

There are a lot of properties out there right now, and if you have the opportunity to purchase a great investment, now is a wonderful time to buy.

However, if you really want to get the best deal on investment properties, you have to increase your odds of finding the best one--one that will be a money maker! Do you really want that GREAT investment property? Then you are going to have to be vigilant—check your resources and keep your eyes and ears open! Looking through the MLS listings is not enough any more. Here are ten ways you can increase your chances of getting the best deals:

1. Tell people what you are looking for. Let the right people know what you are looking for and let them help you find the properties. There are a lot of owners out there who want to sell, but haven't yet listed their property -- and they may mention it to friends or families. You could catch one of these great deals ahead of time!

2. Go online. Go to a search engine and enter the type of real estate you are looking for, in the appropriate city. Sometimes you can get a good opportunity here -- and other times not, but this is a great place for a first step.

3. FSBO sometimes pays off. Drive around looking for "For Sale By Owner" signs. Owners often don't want to pay to keep the ad in the paper every week, so you won't see all properties there. A FSBO sign might mean a great price for you, and a seller who will be eager to sell.

4. Look for abandoned properties. An abandoned property means that the owner doesn't want to deal with the property, or can't for whatever reason, and may sell cheap.

5. Look at "For Rent" ads. Save newspapers or look at old craigslist ads that are a few weeks old. If the rental unit was not rented, the landlord might be ready to sell.

6. Bankers are great friends! Bankers are in the know and you might get a lead on a foreclosed-on investment property, and get it cheaper if you buy it before it's listed with a real estate agent.

7. Pay for leads. There are people that always seem to hear about the good deals - so offer them a finding fee!

8. Take advantage of eviction notices. Many local papers publish eviction notices,and sometime this information isinformation at the courthouse. A landlord who just went through evicting tenants may be ready to sell.

9. Advertise. Place your own "Looking for investment properties to buy," ad on Craigslist, or on a sign, or the newspaper.

10. Call Kuester! (888.600.5044). We will work with you to find the perfect property for you!

Happy Holidays from Kuester Property Management

Every week or so we post something on this blog, give you tips on commercial property management, investing, and HOAs. Hopefully, you find the information useful!

In our real lives we are property managers at Kuester in Charlotte. We have locations across the Carolinas, in Boone, Myrtle Beach, Concord, Wilmington, and Fort Mill. We help people find residential and commercial properties to buy, sell, or lease and manage home owners associations. This is a very rewarding job and our company has grown to the point where we now have large team of specialized and very highly trained professionals covering all aspects of property management.

We are quite lucky to be able to say that we are currently celebrating a very successful year. We moved into a new building, we redesigned our website and we have a lot of great relationships with our customers and vendors.

At this time of year, we would like to thank YOU... thank you for reading our blog, thank you for your interest in property management. Thank you for being our partners and our customers. It is because of you that we are able to provide you the high quality of property services that have been our business mission and our family's dream for over 30 years.

Kuester Property Management is here for you. Thank you for being a part of our growth and success and we wish you the happiest of holiday seasons.

Home Owner's Associations

I was sitting in a coffee shop the other day, and started talking to the guy sitting in the seat next to me. He was a nice guy, worked for a local auto repair shop as the manager and through the course of the conversation, we realized that we lived in the same neighborhood.

He announced he was planning on leaving the neighborhood as soon as he could sell his home - told me he was so frustrated with the neighborhood association that it made him want to move into an area without an HOA.

Now, I did not tell him what I did - that I work for a property management company that handles HOAs.... (although ironically, not the one in our neighborhood). But I did ask him a few questions, because I was curious. Personally, I have never felt the HOA was particularly heavy-handed or unfair, and professionally I know that all HOAs are made up of the residents of a neighborhood, and all rules, policies, meetings and events that an HOA oversees can be changed with a vote--a vote of the neighbors!

So I asked him if he had ever been to an HOA meeting... NO. I asked him if he ever volunteered for a committee...NO. I asked him what specifically he did not like, and he told me it was the policy on what you could and could not build on the property. Specifically, he wanted to put a 2-story out-building/second garage on his back yard.

And I smiled. I live in his neighborhood and I would not want someone to build a second garage in their yard! Our properties average a quarter acre at best, and the amount of space that would take up would be huge. It would, in fact be an eye-sore, may even bring the property values around that house down.

We might all love extra space for our tools and our cars. We might all love to have a "guest bedroom" built. But in this particular case, it was not appropriate for the neighborhood and the covenants for our HOA were actually protecting us from everyone building over-sized sheds, or extra buildings on a small property.

This gentlemen and I won't agree, and he also won't join the architectural review committee either and volunteer his time to make a change he is interested in, or take the initiative to find out why his dream of a second garage is something that just doesn't fit into the neighborhood standards.

I am sure that he would not like it if his next-door neighbor painted their home barbie-pink and decided to put a moat in either!

HOAs are a good thing. But they are not for everyone. If you are a free spirit who likes to have full control over your property, and doesn't feel that you should be concerned with the "bigger picture" of how that affects the neighbors around you, there are plenty of homes and properties available. If you want the security and camaraderie, amenities and continuity that a neighborhood offers, than an HOA may be for you.

And remember... if you can and if you care, get involved! HOAs do not run on their own.

Kuester Property Manager
Charlotte, NC

Is It Still a Good Time to Invest? YES

If you are like many Americans, you have been watching the markets with concern, but if you are among the lucky few who have been riding this storm, who have been hanging on, and maybe have a little bit of investment capital left, now might be a great opportunity to jump into the investment real estate business.

Kuester has many available properties in the Carolinas for you to choose from. Now is a great time to buy - it is a strong buyers market with many commercial properties currently selling below their appraised value.

If you are a serious investor willing to do what it takes to find the right property, and work with the right people, please give Kuester Property Management a call at 888.600.5044

What is a Property Manager?

A Property Manager is a person -- or a company, that handles many tasks for a property on a daily basis, but one of the main roles of a project manager is to act as a liaison between the landlord and the tenants. It is essentially the Project Manager's responsibility to handle anything the tenants may need, and everything the landlord needs!

This is a tall order and sometimes the needs of the landlord outweigh the needs of the tenant. For example, if the tenant chooses to add a new puppy to the family, and the rental property does not allow pets, it is the Property Manager's duty to find a resolution. This may mean that the tenant will have to move, perhaps pay a fee, etc. The Property Manager must enforce the rules--and the contract the tenant signed.

The Property Manager may have to put the tenants needs ahead of the needs of the landlord too! For example if the roof is damaged in a storm, the Property Manager would be responsible for getting the roof repaired to code, for making sure the tenants are safe their belongings are not damaged. This may mean that the landlords need (or wish) to stay on budget for the year wont be met. The Property Manager must provide the tenants a suitable residence per the signed contract.

The Property Manager responds on the landlord's behalf to maintenance issues, and provides a buffer for those landlords desiring to distance themselves from their tenants. It brings order a professionalism to the relationship!

The Property Manager may take on the role of rent collection, marketing the property, screening the tenants, and resolving any issues amongst tenants, and the landlord.

A Property Manager's job is complex and the responsibilities vary from day to day as different issues arise. However big or small the job, our clients all agree they would not want to take it on themselves! And that is why we are here. We have the expertise, experience, and resources to be able to provide our clients with the best in property management, be it for a residential unit, or in a commercial space.

If you have invested in property in Charlotte, Boone, Myrtle Beach, Concord, or Charleston and would like to learn more about Property Management - please give Kuester a contact us.

Before You Join an HOA Community

A Homeowner Association (HOA) is a legal entity created to manage and maintain the common areas of a community. Generally these"common areas" consist of things like pools, clubhouses, landscaping, parks, streets and roads, but a HOA also governs the CC&Rs, the Declaration of Covenants, Conditions & Restrictions, or set of rules that are typically set up by the developer and updated/changed by the Board of Directors. The CC&Rs are what determines if it is ok for you to leave your garbage can out for more than a day or if you are allowed to leave a car up on blocks in your front yard, or if your neighbors will have recourse if you choose to paint your shutters purple when theirs (and the rest of the neighborhood's) are black.

The HOA will enforce these CC&Rs in the way that is approved by the Board of Directors, often with the assistance of a property management company. These polices are developed to protect the neighborhood, the value of the homes and the quality of life for the residents. However, these policies can be changed if the majority of the voting neighbors would like them to be. So before you buy a home in an HOA, here are some things to consider:


1) You should thoroughly read and examine the CC&Rs that govern the community and make sure you can live with and abide by them. If the regulations state that you cannot have goats on your property, and you are a goat owner... this may be a sticky point! But if you think that 24 hours is plenty of time to leave out your recycling bin and you feel that is a fine policy and want your neighbors to abide by the same....an HOA may be perfect for you.

2) You are perfectly reasonable to ask for a copy of the financial statements of the HOA and have a person such as a lawyer or accountant examine them to make sure there is nothing irregular. Checking to see if the HOA runs its business in a responsible manner will help you determine if the neighborhood will have enough cash on hand to make upgrades and repairs to roads or other common areas such as the pool.

3) Find out what the monthly dues are and make sure you can afford them. Dues can be reasonable... or not depending on where you live, what the HOA does and your tolerance for the price-tag. But not paying them could put you in some serious hot water and potentially get you sued.

4) Find out if the HOA has a strategy for replacing of major items such as heating, cooling, roads, buildings and roofs and how the reserve requirements are funded. (i.e. has money been saved, or would the neighbors each be required to pay an additional amount should the basketball court need to be re-surfaced.)

5) Find out if there is any litigation pending against the HOA. This could be a red flag in a couple of different ways, and certainly something you should know before you sign your contract.

6) Ask about when the last time dues were raised, and how often this happens. For obvious reasons you want to know how much you may be expected to fork over!

An HOA community may be a great fit for you and your family and more an more Carolinians are making this choice. But be educated before entering into any contract, especially one concerning where you live and what you can do with your property.

Property Manager
Kuester Property Management