How to Self Manage Your HOA
By Shelton Lee
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About this ebook
In my seven years on the Board since, I’ve learned a lot. In addition to the routine complaints and disputes with our homeowners, I’ve had to deal with unscrupulous property managers, bribe offers from vendors, and self-interested bankers and lawyers who weren't necessarily protecting the interests of our HOA. I’ve had to learn how to discern quality vendors, how to protect our board and community, and how to assess and acquire advisers I could trust. I’ve had to learn simple steps to prevent fraud, waste, and graft. And now I want you to have the benefit of my experience... without all the pain I had to go through.
What you’ll find in this brief is the distilled knowledge, secrets and insight from over seven years of pain and struggle in solving the mysteries of self-management. And whether you want to self-manage, or simply supervise your hired property manager, there’s one thing I can absolutely assure you of – knowledge is power! Power to assure you’re able to fulfill your responsibilities. Power to do what’s in your community’s best interest. And power to ensure that those who want to take advantage of you can’t.
It’s my desire to energize you with the confidence necessary to handle your responsibilities – a confidence that you may never have had before! So let’s begin to unravel your uncertainties. Prepare yourself to wrest back control of your association – perhaps for the very first time. You’ll find it’s easier than you may think.
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Book preview
How to Self Manage Your HOA - Shelton Lee
How To Self Manage Your HOA
10 Simple Secrets to Transform Your Community Association
Shelton Lee
Copyright 2015 by Shelton Lee
Smashwords Edition
This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this ebook with another person, please purchase an additional copy for each recipient. If you’re reading this ebook and did not purchase it, or it was not purchased for your use only, then please purchase your own copy. Thank you for respecting the hard work of this author.
Table of Contents
Foreword
HOA Board of Director’s Best Practices
Section One
Secret # 1 — Hire the Right Type of Attorney
Secret # 2 — How our HOA CC&Rs Take You from Weak and Powerless… to Being able to Dissolve Tall Arguments in a Single Bound!
Section Two
Secret # 3 — A/R Management or How to reduce high Account Receivables… and keep them that way
Secret # 4 — Lockbox Services or How to receive funds instantly and accurately with the highest security.
Section Three
Secret # 5 — Your Local Banking Relationship
Secret # 6 — Have a Bookkeeper – And a CPA
Section Four
Secret # 7 — Insurance is the Board’s Safety Net – and its Armor.
Secret # 8 — Reserve Study – How Planning Helps Assure a Bright Future.
Section Five
Secret # 9 — Association Website or The World’s Window into Your Association
.
Secret # 10 — Making sure Members can Reach You – Without Giving Out Your Personal Information.
Foreword
Shelton Lee is a man of unusual fiber. On April 19, 1995 Timothy McVeigh parked his bomb laden truck right in Shelton's usual UPS truck parking spot in front of the Murrah Federal Building in Oklahoma City. That was the day I lost 168 of my closest friends
Shelton recalls. An argument with his boss having been the grace saving Shelton from being there on time that day.
But Shelton would never tell you about that day. That’s not his style.
Rarely do you see care and compassion ignite a soul to so freely put oneself on the line in service to their Community, as you do in Shelton Lee.
Mr. Lee is a client on mine, and though we’ve never actually met, we’ve spent countless time on the phone over the years. I’m in awe of his ability to patiently listen to, and then bring to a point of reason, even the most cantankerous of community members. I’ve come to recognize and respect a certain ‘statesmanship’ quality in Mr. Lee, a quality one rarely witnesses today. It’s an attribute of heart which can only be borne of years of overcoming personal frustrations… in order to better serve, the needs of others.
I consider Shelton Lee an American Hero. The quiet kind you never hear about. The kind who has assayed a quality of grace… somehow woven into