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 online now
Administrator
 
Join Date: May 2003
Posts: 36,222
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 online now
Administrator
 
Join Date: May 2003
Posts: 36,222
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 online now
Administrator
 
Join Date: May 2003
Posts: 36,222
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 online now
Administrator
 
Join Date: May 2003
Posts: 36,222
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
Need help 30 HP koler...
Shady Grady
Today 03:31 PM
Today 04:58 PM
by stevef1201
1 11
These are the days on...
ExtremeLawncareServices
03-22-2014 09:12 AM
Today 04:24 PM
by ExtremeLawncareServices
88 4,936
Say Hello !!!
Steve
03-19-2007 11:18 AM
Today 03:34 PM
by Shady Grady
1,185 322,621
Echo Edger 'Neutral'
WesleySnips
07-25-2014 05:28 PM
Today 01:50 PM
by stevef1201
7 235
Pressure Washing...
WesleySnips
Yesterday 06:13 PM
Today 01:47 PM
by stevef1201
2 58
Buy a good company at a...
Steve
03-12-2011 06:38 AM
Today 01:44 PM
by Steve
2 1,692
trimming back shrubs
WesleySnips
Yesterday 06:14 AM
Today 01:27 PM
by Steve
4 95
Building credit
Matther777
07-27-2014 05:20 PM
Today 10:29 AM
by Greg'slawnandlandscape
13 314
Employee wont return...
Prolawnofchatt
06-13-2014 03:12 PM
Yesterday 09:59 PM
by WesleySnips
5 567
Mow and leaf cleanup bid
SGL1
07-29-2014 07:28 PM
Yesterday 07:14 PM
by SGL1
23 330
Late charge
Simon Abousaada
07-30-2014 07:23 PM
Yesterday 12:41 PM
by Steve
2 97
Need input on a bid
phlawncare
07-28-2014 08:51 PM
Yesterday 05:08 AM
by kslawn
7 222
New from Texas
Livingston Lawn Care
07-25-2014 11:17 AM
07-30-2014 01:03 PM
by Steve
5 228
Single tree, mow customer
WesleySnips
06-27-2014 10:12 AM
07-30-2014 12:31 PM
by Steve
17 762
Formulas Used
BaileynSamsMum
07-29-2014 06:40 AM
07-30-2014 12:19 PM
by Steve
3 163
Spreading Weeds?
WesleySnips
07-27-2014 09:46 PM
07-30-2014 06:29 AM
by kslawn
5 202
Will summer ever come
ExtremeLawncareServices
07-29-2014 08:27 AM
07-29-2014 08:29 PM
by SGL1
5 152
From Concord NC
SouthernRootsLawnCare
07-26-2014 02:34 PM
07-29-2014 02:28 PM
by Steve
3 162
Have you ever had to...
SouthernRootsLawnCare
07-26-2014 02:41 PM
07-29-2014 02:28 PM
by Steve
4 216
Left handed edging with...
SGL1
07-23-2014 08:59 PM
07-28-2014 07:39 AM
by SGL1
15 405
Echo PE 266 edger
stevef1201
07-01-2014 01:28 PM
07-27-2014 10:14 PM
by WesleySnips
5 406
Texas lawn care company...
Livingston Lawn Care
07-25-2014 11:29 AM
07-27-2014 08:16 AM
by Just for Cuts
7 244
need some help geting...
dalvan0
07-13-2014 09:28 PM
07-26-2014 04:39 PM
by BLC7
7 392
new trailer help
mattthelawnguy
07-11-2014 08:21 PM
07-25-2014 06:31 PM
by mattthelawnguy
13 594
You know it;s gonna be a...
stevef1201
07-25-2014 08:50 AM
07-25-2014 01:34 PM
by Steve
1 155
Customer letters
kslawn
07-23-2014 06:17 AM
07-25-2014 01:20 PM
by Steve
5 287
Got my first lawn job...
SGL1
06-11-2014 09:19 PM
07-24-2014 07:09 PM
by SGL1
29 1,383
Need help determining...
Jbss861
07-20-2014 02:33 PM
07-24-2014 01:11 PM
by Steve
13 477
Should I ?
googus
07-22-2014 04:06 PM
07-24-2014 12:10 PM
by Steve
4 310
My First Apartment...
SSLCtn
05-26-2014 10:17 PM
07-24-2014 06:46 AM
by kslawn
15 994
Crop Rotation Techniques...
eastsidelandcare
07-17-2014 03:47 PM
07-24-2014 06:38 AM
by kslawn
3 282
Selling lawns like...
eastsidelandcare
07-17-2014 03:51 PM
07-24-2014 06:28 AM
by kslawn
3 342
Scag new "Eliminator"......
ExtremeLawncareServices
07-20-2014 10:45 AM
07-23-2014 05:37 PM
by Just for Cuts
9 407
need professional advice...
Fiddlers_green
07-20-2014 07:21 PM
07-23-2014 12:42 PM
by Steve
3 287
new to me box truck
jrayb39667
03-06-2014 10:20 PM
07-23-2014 12:40 PM
by Steve
15 1,530
Lawn Service back in...
LawnCareMan280
07-18-2014 09:00 PM
07-23-2014 11:48 AM
by Steve
4 318
Overspray?
stevef1201
07-21-2014 04:20 PM
07-23-2014 11:39 AM
by Steve
3 224
Hello Everyone! Newbie...
SLKlawn
07-17-2014 06:22 PM
07-22-2014 01:53 PM
by Steve
6 368
Proper height for lawn
rob lederhilger
05-26-2014 08:01 AM
07-21-2014 02:53 PM
by LawnDoctor
9 734
Blade sharpener
Just for Cuts
07-04-2014 12:31 PM
07-21-2014 01:48 PM
by Steve
9 600
What's my business worth?
Chaz
07-16-2014 01:35 PM
07-21-2014 01:45 PM
by Steve
4 379
1.5 Acre Jungle
WesleySnips
07-15-2014 05:57 PM
07-20-2014 11:31 AM
by ExtremeLawncareServices
21 726
Gopher schedule software
Ray
07-18-2014 04:13 PM
07-18-2014 04:13 PM
by Ray
0 277
2006 Chevy fuel pump...
KevinsLawns
07-17-2014 08:39 PM
07-18-2014 11:51 AM
by Steve
1 260
Halfway point of year!
Steve
07-01-2014 12:08 PM
07-18-2014 11:38 AM
by Steve
14 835
I got told to leave and...
gwilson98
06-16-2014 02:07 PM
07-17-2014 11:43 AM
by Steve
16 1,159
Hey guys this is the...
prmenter@gmail.com
07-07-2014 08:23 PM
07-16-2014 08:10 PM
by ExtremeLawncareServices
28 894
Mowing the hills
prmenter@gmail.com
07-08-2014 12:22 PM
07-16-2014 05:00 PM
by Just for Cuts
18 810
Classified Ad Template...
bcfb
06-05-2013 02:40 AM
07-15-2014 11:16 AM
by Steve
15 3,844
Husqvarna pz 60
CDLAWNCARE
07-06-2014 06:50 PM
07-15-2014 08:53 AM
by kslawn
10 548
» Popular Tags
2wd 4x4 ads birdscaping care charge christmas collections subcontractor commercial craigslist customers ecosymbiosis employee problems exmark fall ferris four wheel drive franchise gopherhaul grass gravely holiday honda how much to charge how to bid hydraulic installation invoice kawasaki labor cost late lawn lawn care business seo lawn care business show lawn care business website lawn care business website seo lawn care website lawn service leaf cleanup lesco lighting brass outdoor lights marketing mowing mulch estimate new buisness office management podcast promotion riding mower rotating scag scag v-ride season seo starting a business steep lawns stihl sulky theft of services tips toro tractor auger trailer mate pro truck new used landscape upsell walk behind walker winter money making ideas won't return wright stander rh
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 05:18 PM.


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

All times are GMT -5. The time now is 05:18 PM.

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