Our experts review condo & townhouse complexes' official documents quickly and thoroughly, working around the clock to get decisive information so that our clients get the leg up over the market to close the right deals. We call many people associated with a Home Owners' Association (HOA) - from contractors to past directors to engineers who did the audits, and get the condo's confessions. We deli
ver the report of our HOA investigation within 60 hours. We are building inspectors and construction professionals with significant training and experience in accounting. Going beyond with the residents, council members, and contractors who are involved with each condo and townhouse complex to get clear on what's going on... As our founder is a licensed building inspector, we verify what we're seeing on the depreciation, engineering and reserve reports, and get clear about the sufficiency of reserve funds and whether higher strata fees and levies are on the horizon. We are convinced on the importance of closely reviewing the hundreds of pages of HOA official documents, including reading between the lines of the internal politics, and then calling the people involved to let them vent about those politics to a listening ear. Figuring on the functionality of the association and the health of its finances and physical structures can be well understood before any potential property purchase. Our reports on Homeowners Associations (HOAs) are prepared for you, the purchaser, by our trained accounting and construction professionals with significant experience in construction and legal issues for condominium and townhouse associations. What are covenants and rules on pets, renting, storage, parking, etc.,. Discerning the investment grade of aging buildings is becoming quite the necessity. We comb through the reserve funds, balance sheets, meeting minutes, and the overall audit to be sure… How much will HOA fees or special levies (or strata corporation, Co-op maintenance) have to go up to cover all the necessary renovations to keep the structures in good condition? Sometimes we highly suggest a physical inspection of the building... Our founder is a licensed building inspector and knows the value of verifying the facts of structural integrity, even if just a year or two after a major engineering report - unmanaged water ingress can ruin a building quickly! Often we will have already done a review of the physical property recently and can pass that savings on for our clients in a more averaged-out way… Providing both an investigation of the HOA’s (or co-op’s) governance, financial schemes along with a physical building inspection to our clients. We like to forecast if there will be higher special levies, HOA fees or co-op maintenance costs… Our job is figuring out if an HOA has maintained a building well or if there has been a bunch of deferred or shoddy, piecemeal work, and thus huge emergency jobs needed to pull the building back from the brink… Sometimes we make the call if the HOA’s political coherence is clearly insufficient to steer the complex away from a likely disaster such as a county condemning the property or even fire and structural collapse as with Surfside in Florida. We don’t sugar coat deals… But given the affordability crisis and aging of the housing stock we work with clients, realtors and councils to figure out solutions and keep things in perspective. Our founder is about honor, family, and community, as well as about finding a way through in this world… If there is value in a complex, then maybe buying multiple units and moving grandparents in, having your best friend down the hall, a niece who can nanny while your help her get through college, etc., and getting involved in the HOA council is the right call.
