Lawn Care Business Forum Lawn Care Business Book Lawn Care Business Blog Lawn Care Software
Home Forum Contract & Flyer Templates Blog Software Videos Podcast Calculators / Estimators Store Mower Review Design It Yourself Lawn Business School

Go Back   GopherHaul Landscaping & Lawn Care Business Marketing Forum > Business > General Business Discussions

General Business Discussions A place to talk about general business discussions.

HOA doing their own property maintenance?


General Business Discussions

A place to talk about general business discussions.
Reply
 
Thread Tools Search this Thread
  #1  
Old 10-29-2007, 08:33 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,850
Rep Power: 10
Steve has disabled reputation
Default

Things aren't looking too good for some of these homeowner associations. In this article, the homeowner association president has been forced to do property management work himself!

Have you seen more of this in your area too?

Foreclosures 'like a cancer' for some communities - When he moved to Grey's Riverview Terrace three years ago, Christopher Rocco figured the town home association that runs the complex was in good enough shape. It had about $25,000 on hand, and most of the units had just been reroofed.

He never envisioned the jam Riverview Terrace finds itself in today. The wave of foreclosures sweeping across the Twin Cities has hammered the little community on St. Paul's West Side.

Of the 21 town homes, nine are in foreclosure, according to Rocco, the association's 37-year-old president. The group can't fix Riverview's rotting siding because it has just $37 - plus $5,000 in debt it can't pay and a ledger filled with unpaid monthly dues and late fees totaling more than $35,000.

"We are on the verge of losing everything," Rocco said. "It's a lot of stress."

With no money even for lawn maintenance, Rocco does the mowing and raking himself Friday afternoons after work.
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote

Stop guess-timating. Learn how to estimate and make money! $$$
Mow Time Estimator Lawn Care Price Estimator Mulch and Topsoil Calculator Snow Plow Estimate Calculator


  #2  
Old 10-29-2007, 09:28 PM
pnplawn
Guest
 
Posts: n/a
Default

Lawn care business tipsLawn Care Business Book
I do believe we are going to start seeing more of this Steve. The way the home market is going down the tubes, we are going to see a lot of this all over the US. I think the only ones that are going to profit will be property management company's to handle the homes for all mortgage company's and banks that have foreclosed on the homes.


Rodman
PNP
Reply With Quote
  #3  
Old 10-29-2007, 09:38 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,850
Rep Power: 10
Steve has disabled reputation
Default

Now as we reflect on this, how could a savvy lawn care business owner take this information and profit from it?
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
  #4  
Old 10-29-2007, 09:42 PM
pnplawn
Guest
 
Posts: n/a
Default

Get in touch with property management companies.
Reply With Quote
  #5  
Old 10-30-2007, 08:51 PM
tmillsap
Guest
 
Posts: n/a
Default

I have seen many HOA's that are not run properly or run greadyly. I prefer not to deal with HOAS in my area. As the mortgage crisis hit TN I know that I will see at least one of these HOAs bite the bullet. But on the positive side you could offer to ........:laugh:
Reply With Quote
  #6  
Old 10-30-2007, 08:54 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,850
Rep Power: 10
Steve has disabled reputation
Default

Hi tmillsap,

Welcome to our forum. Could you share with us some of the experiences you have had with HOA's that have made you prefer not to deal with them?
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
  #7  
Old 10-30-2007, 11:13 PM
S.P.Martin Lawn Care
Guest
 
Posts: n/a
Default

I have a condo association as a customer. *Before signing a contract I inquired about thier solvency which turned out to be OK and they even paid up front for the season. *

Don't be bashfull about making the same inquiries with any HOA or even commercial accounts that you may have even the slightest hint about not getting paid.



Reply With Quote
  #8  
Old 10-31-2007, 12:19 AM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,850
Rep Power: 10
Steve has disabled reputation
Default

Quote:
Originally Posted by [b
Quote[/b] ]Before signing a contract I inquired about thier solvency which turned out to be OK
How do you go about doing this? Do you just ask them and rely on that? Do you do some sort of credit check? What would you suggest?
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
  #9  
Old 10-31-2007, 11:11 PM
S.P.Martin Lawn Care
Guest
 
Posts: n/a
Default

I listened carefully to what they were saying during the negotiations for my services. *Two of the officers mentioned their budget and other projects in the pipeline. *I asked them how the budget is arrived at and learned what the fees were. *I asked if they had any deadbeats and was told which units were behind. *I did some quick math in my head since I knew how many units made up the association and decided they had more then enough cash flow.

Its just my nature to ask questions. *The trick is to know how to ask them. *Its a combination of listening, reading body language, and plain old experience. *In this instance I felt comfortable I was given accurate information and ran with it.

If it were a new account, I would look at how many units are for sale or rent**red flag it more than 20% were marketed! *Chances are that empty housing units and no association fee payments are one in the same. If I got past that initial inspection, I would go ahead and ask my questions at the right time.



Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Just Quit?
ringahding1
Today 06:23 AM
Today 03:13 PM
by Steve
4 74
French gardener owner's...
didgreen
Today 09:10 AM
Today 03:10 PM
by Steve
1 33
Government contracts
avetslawncare
11-15-2014 08:50 AM
Today 03:00 PM
by Steve
10 854
Thanks for all the posts
WheatGrass
Today 06:38 AM
Today 02:57 PM
by Steve
1 34
hows it going.
uppercut
Today 05:01 AM
Today 02:54 PM
by Steve
2 45
whats this briggs?
uppercut
Today 12:40 AM
Today 02:49 PM
by Steve
1 40
These are the days on...
ExtremeLawncareServices
01-11-2015 11:41 AM
Today 02:46 PM
by Steve
13 723
viking cyclon.
uppercut
Yesterday 09:12 PM
Today 02:43 PM
by Steve
1 39
Crunch time 2015!
Chilehead
Yesterday 08:57 PM
Today 02:42 PM
by Steve
1 42
Landscapers from hell!!
Chilehead
Yesterday 03:55 PM
Today 02:37 PM
by Steve
1 64
Say Hello !!!
Steve
03-19-2007 12:18 PM
Today 02:36 PM
by Hard-Body lawn & garden
1,202 363,880
Lawn Mowing -...
ringahding1
Today 07:05 AM
Today 07:05 AM
by ringahding1
0 23
adding something new...
veteranslawncaresystems
01-28-2015 12:13 AM
Today 06:33 AM
by ringahding1
5 157
TaskEasy & Plowz & Mowz...
jrwalker333
01-25-2015 01:02 PM
Yesterday 08:14 PM
by lxarth
8 251
Contact last years...
googus
01-28-2015 09:13 AM
Yesterday 02:29 PM
by Steve
6 187
Looking for advice on...
berryjam
01-21-2015 07:37 PM
Yesterday 02:21 PM
by Steve
15 463
New to the forum
LCRobert
01-26-2015 10:21 PM
Yesterday 09:11 AM
by ringahding1
7 210
What happened to Better...
Steve
01-27-2014 04:07 PM
01-28-2015 12:26 PM
by Steve
21 3,189
Lawn care truck
Steve
10-10-2009 03:40 AM
01-28-2015 12:23 PM
by Steve
44 16,074
Bidding to get other work
Rodriguez11
07-21-2011 11:52 PM
01-28-2015 12:08 PM
by Steve
29 9,460
How many contracts...
5StarLawnscaping
01-12-2015 03:51 PM
01-28-2015 11:04 AM
by ExtremeLawncareServices
10 597
"Part Timers", "Low...
doug1980
06-10-2009 12:55 PM
01-27-2015 09:01 PM
by jrs.landscaping
43 10,343
Is anyone doing mosquito...
BWild
01-27-2015 12:30 PM
01-27-2015 07:24 PM
by avetslawncare
4 135
New to group
ron@alpine
01-27-2015 08:45 AM
01-27-2015 01:29 PM
by Steve
1 103
please Help with none...
Lawnboyman1170
01-09-2015 09:46 AM
01-27-2015 01:27 PM
by Steve
13 711
does this sound good or...
Bradcook21
01-22-2015 09:24 AM
01-27-2015 07:42 AM
by ringahding1
9 339
second year advise
cmdlawncare
01-23-2015 06:22 PM
01-27-2015 07:31 AM
by ringahding1
6 291
need advise
rawssrob
02-23-2010 02:45 PM
01-23-2015 06:40 PM
by cmdlawncare
7 2,619
New to forum
ROB N
01-23-2015 08:35 AM
01-23-2015 01:53 PM
by Steve
1 170
Extending the life of...
rmccutchan
01-17-2015 12:37 AM
01-23-2015 01:43 PM
by Steve
8 420
osceola lawn service
jasa@wildblue.net
01-22-2015 03:23 PM
01-23-2015 01:38 PM
by Steve
1 179
Tax Question
Wolf4dk
01-20-2015 01:11 AM
01-22-2015 02:28 PM
by Steve
4 318
Billy Goat Vac
Mr. Mow
01-19-2015 07:42 AM
01-22-2015 02:18 PM
by Steve
6 308
Property Pricing
GVL
01-19-2015 02:46 PM
01-21-2015 02:18 PM
by Steve
5 365
Landscapers Source For...
breadcrumb
01-16-2015 02:44 PM
01-21-2015 05:55 AM
by breadcrumb
14 531
Hoa advice
Bradcook21
01-16-2015 09:36 PM
01-20-2015 04:30 PM
by Steve
4 347
My Invention
biglee
01-11-2015 07:51 PM
01-20-2015 10:16 AM
by biglee
16 684
How to beat the pre pay...
stansg1fresh
01-13-2015 04:33 PM
01-19-2015 03:38 PM
by ringahding1
3 420
Hello from Md
homey
12-17-2014 06:55 PM
01-19-2015 01:37 PM
by Steve
12 1,218
Hi from Illinois
burtle
01-02-2015 09:46 PM
01-19-2015 01:22 PM
by Steve
3 582
Hello from SW FL!!
5StarLawnscaping
12-05-2014 02:35 PM
01-19-2015 01:20 PM
by Steve
14 1,526
Lost my @#$ blower
stevef1201
01-11-2015 08:31 AM
01-17-2015 02:21 PM
by lxarth
2 445
Another Illinoisan.....
barhopper
01-11-2015 05:38 PM
01-16-2015 04:29 PM
by Steve
10 504
marketing with pizza...
apmAkron
01-15-2015 09:57 AM
01-15-2015 06:29 PM
by Steve
4 322
CRM and Quickbooks?
5StarLawnscaping
01-15-2015 08:06 AM
01-15-2015 08:06 AM
by 5StarLawnscaping
0 252
New Member, Indiana Iraq...
Timbo
07-14-2011 09:44 AM
01-14-2015 06:14 PM
by Steve
10 3,850
check this box truck out!
BLAZIER-1991
01-07-2015 07:40 PM
01-13-2015 03:06 PM
by biglee
8 707
My community only ad...
googus
01-12-2015 09:55 AM
01-13-2015 02:44 PM
by Steve
5 396
12 Years in Business!
Chilehead
10-23-2014 09:07 AM
01-13-2015 09:37 AM
by Chilehead
18 1,893
use a small business...
BLAZIER-1991
12-25-2014 12:21 AM
01-12-2015 06:32 PM
by BLAZIER-1991
30 1,654
» Popular Tags
4wd aerocore apartment complex auger bark billy goat brushcutter blades bush collections deliquentaccounts edging employee problems equipment rental ferris first truck flyers foreman four wheel drive gopherhaul grass growing a lawn care business hills hiring husqvarna introduction john deere quik trac landscape landscape services lawn lawn care lawn care business lawn care business seo lawn care business show lawn care business website lawn care business website seo lawn care seo lawn care website lawn care website seo lawn mowing marketing mr dave mulch past due per hour charge per hour service podcast pricing profit on employee pto push versus ride reo running a business scripts seo shell small engine repair square foot steep lawns steve sulky theft toro grand stand trailer tree trimmer rack truck new used landscape up sell employee walk behind web design won't return
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 04:07 PM.


(C) 2011 Riggs Publications - Terms of use & Privacy Policy

All times are GMT -5. The time now is 04:07 PM.

(C) 2011 Riggs Publications - Terms of use & Privacy Policy