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, 07:33 PM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 38,039
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, 08:28 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, 08:38 PM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 38,039
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, 08:42 PM
pnplawn
Guest
 
Posts: n/a
Default

Get in touch with property management companies.
Reply With Quote
  #5  
Old 10-30-2007, 07:51 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, 07:54 PM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 38,039
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, 10:13 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 10-30-2007, 11:19 PM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 38,039
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, 10:11 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
fliers
joshp
08-19-2016 03:23 PM
Today 12:42 AM
by SC93
9 530
My Invention
biglee
01-11-2015 06:51 PM
Yesterday 11:36 AM
by joshp
17 2,838
fert/lawn programs
joshp
Yesterday 10:43 AM
Yesterday 10:43 AM
by joshp
0 103
Landscaper taking on odd...
WarriorLandscapingCAN
08-07-2016 06:57 PM
Yesterday 10:31 AM
by joshp
7 718
Review of our lawn care...
Lawnline
07-12-2016 06:40 PM
08-27-2016 10:51 AM
by Steve
7 1,828
Start My Own Business?
mowandblow1980
01-12-2016 07:43 PM
08-25-2016 12:55 PM
by Steve
19 2,163
Looking for new host
Just for Cuts
11-26-2015 06:58 AM
08-24-2016 09:05 PM
by Stephen Alberts
10 1,924
Facebook advertising
Just for Cuts
12-13-2015 07:49 AM
08-24-2016 08:59 PM
by Stephen Alberts
14 13,113
Breaking into commercial...
SGL1
08-19-2016 07:02 AM
08-24-2016 10:12 AM
by mowandblow1980
7 518
Snow Plow
acrajchel
08-17-2016 10:21 AM
08-22-2016 11:21 AM
by Steve
5 491
Quarter Acre Woodland...
ew411
08-16-2016 06:50 AM
08-18-2016 12:25 PM
by Steve
4 474
Bidding Bushhogging
acrajchel
08-15-2016 11:52 AM
08-17-2016 05:32 PM
by acrajchel
4 471
Hello From the Florida...
KevinShuman
08-15-2016 08:57 PM
08-16-2016 01:52 PM
by SC93
2 465
I'm making stupid money...
WarriorLandscapingCAN
08-07-2016 07:07 PM
08-16-2016 12:42 AM
by SC93
5 763
A quick Intro
BLE
08-14-2016 05:17 PM
08-15-2016 10:54 AM
by acrajchel
2 462
New Customer - Gettting...
acrajchel
08-05-2016 05:00 PM
08-15-2016 10:52 AM
by acrajchel
4 731
helping out a friend set...
Doug D
08-13-2016 11:33 AM
08-15-2016 09:45 AM
by Steve
1 471
Small bed job
Bradcook21
08-09-2016 09:52 PM
08-10-2016 03:51 PM
by Steve
1 589
Hello from NoVa
jtwlawn
08-03-2016 11:20 AM
08-09-2016 10:45 AM
by jtwlawn
4 726
How much to charge for...
jymie
03-31-2013 05:59 PM
08-08-2016 04:33 PM
by Steve
27 6,661
Needing a website built
burtle
06-17-2015 09:02 AM
08-07-2016 10:21 AM
by Just for Cuts
18 19,831
New Site Hows it look
Infinitelawn
03-16-2015 10:32 AM
08-07-2016 08:37 AM
by Lawnline
8 11,299
Hey guys! Greetings from...
thegardener
08-05-2016 05:45 AM
08-05-2016 03:26 PM
by Steve
1 636
First Time Bidding-Need...
capitallawncrew
08-01-2016 08:30 AM
08-03-2016 09:52 AM
by Steve
3 696
Show us your stripes
Just for Cuts
05-21-2015 03:07 PM
08-01-2016 08:28 PM
by ExclusiveLawns
7 3,802
String trim BEFORE mow...
Mr. Mow
04-12-2015 08:13 AM
07-31-2016 10:36 AM
by joshp
13 5,950
» Popular Tags
apartment become an entrepreneur best mower be your own boss bidding break business business education business help business management complex contractor hacks contracts deck lift dethatcher edging entrepreneur entrepreneur education estimate estimates fuel problems fuel pump half moon blade intro introduction jjandm lawncare l.t.rich landscape landscape design landscaping landscaping design company landscaping richmond va landscping lawn lawncare lawnservice lowering grade marketing mulch planting raising grade residential lawn care richmond va richmond virginia lawn care safety scag snowblower snow plowing snow shovel sprayer start a business start a lawn care business start business start up toro timecutter townhome tree tree service video web design websites what to charge work from home z-max z-spray
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 02:00 PM.


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

All times are GMT -5. The time now is 02:00 PM.

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