J Brooks & Associates, Inc. is a full services HOA Manager (Homeowner Association Management) firm with over 30 years experience. We are based in Fort Myers, Florida and service the entire Southwest Florida area.
If you are looking for a new Property Manager for your Association, contact J Brooks & Associates, Inc. today and see how we can help you!
(239) 313-7129
J Brooks & Associates, Inc. is a full service HOA, Condominium, and Master Community Association property management company servicing all of Fort Myers, Naples, Bonita Springs, Cape Coral, and all of Lee, Collier, Charlotte, and Sarasota Counties. We Manage Homeowner Associations (HOA), Condominium Associations, Master Associations, Commercial Associations, and Cooperative Associations throughout all of Southwest Florida. For more information, check us out at www.jbrooksai.com.
Showing posts with label Homeowners. Show all posts
Showing posts with label Homeowners. Show all posts
Sunday, October 21, 2012
Thursday, October 18, 2012
Community Association Management Accounting - Florida
Not all accountants are
qualified to do Community Association Management Accounting (CAM
Accounting). In the state of Florida, as
described in Florida State Statutes 468.431:
(2) “Community
association management” means any of the following practices requiring
substantial specialized knowledge, judgment, and managerial skill when done for
remuneration and when the association or associations served contain more than
10 units or have an annual budget or budgets in excess of $100,000: controlling
or disbursing funds of a community association, preparing budgets or other
financial documents for a community association, assisting in the noticing or
conduct of community association meetings, and coordinating maintenance for the
residential development and other day-to-day services involved with the
operation of a community association. A person who performs clerical or
ministerial functions under the direct supervision and control of a licensed
manager or who is charged only with performing the maintenance of a community
association and who does not assist in any of the management services described
in this subsection is not required to be licensed under this part.
(4) “Community
association manager” means a natural person who is licensed pursuant to this
part to perform community association management services.
Basically, this means is
that if you are controlling or disbursing funds of a community association,
preparing budgets or other financial documents for the community including
financial statement preparation you must be a Florida licensed CAM. If you are a CPA and conduct any controlling
or disbursing funds of a community association, preparing budgets or other
financial documents for the community including financial statement
preparation, you are not exempt from Florida statutes and therefore must be a
licensed CAM.
J Brooks & Associates,Inc. is a Fort Myers, Florida based Community Association Management Accountant. Our staff is state licensed CAM’s
and works with many property managers and Community Associations (Homeowners,
Condominium, and Master) to ensure compliance with all federal laws and
individual association by-laws.
Wednesday, November 2, 2011
Collecting HOA/COA Assessments from Tenants
As a Property Manager in the Fort Myers, Florida area, we have had many issues lately in the collecting of owner assessments. We all know that the majority of these issues are due to the poor economy. But that doesn't meant that it doesn't hurt your condominium, homeowner, or cooperative association. Assessment collection is integral to the upkeep of your association and must be collected to keep your home looking and operating the way it is suppose to.
But did you know that the Florida legislation recently added a new weapon in the arsenal of Homeowner and Condominium Associations collecting delinquent accounts? Yes, it’s true; Associations now have the power to collect some of those desperately needed assessments from the Tenants of unit owners who are behind on their HOA/COA fees!
Florida Statute §720.3085(8) & §718.116(11) states, if the parcel is occupied by a tenant and the parcel owner is delinquent in paying any monetary obligation due to the association, the association may demand that the tenant pay the association the future monetary obligations related to the parcel. The demand is continuing in nature, and upon demand, the tenant must continue to pay the monetary obligations until the association releases the tenant or the tenant discontinues tenancy in the parcel. A tenant who acts in good faith in response to a written demand from an association is immune from any claim from the parcel owner.
The purpose of this law is to prevent owners, from neglecting their obligation to the association, while collecting rent from a tenant residing within the association. This law requires the Association to notify the tenant in writing of the demand for the assessment which demand will specifically state that it is an ongoing or continuing obligation and that if the tenant fails to pay the applicable portion of the rent to the Association to pay the assessment then due, the Association has the right, under the new statute, to evict the tenant from the property.
With this new mechanism Associations have another avenue to seek collection. This can be a very positive method of collecting fees from defaulting owners. Tenants do not wish to be evicted from their premises and as long as the Association agrees to protect the tenant from backlash from the owner, most tenants will readily cooperate with the Association in this collection effort.
J Brooks & Associates, Inc. is a full service HOA, Condominium, Cooperative and Master Community Association property management company servicing all of Fort Myers, Naples, Bonita Springs, Cape Coral, and all of Lee, Collier, Charlotte, and Sarasota Counties.
When searching for a professional property management company to manage your Association, consider us,J Brooks & Associates, Inc. We will do more than exceed your expectations.
But did you know that the Florida legislation recently added a new weapon in the arsenal of Homeowner and Condominium Associations collecting delinquent accounts? Yes, it’s true; Associations now have the power to collect some of those desperately needed assessments from the Tenants of unit owners who are behind on their HOA/COA fees!
Florida Statute §720.3085(8) & §718.116(11) states, if the parcel is occupied by a tenant and the parcel owner is delinquent in paying any monetary obligation due to the association, the association may demand that the tenant pay the association the future monetary obligations related to the parcel. The demand is continuing in nature, and upon demand, the tenant must continue to pay the monetary obligations until the association releases the tenant or the tenant discontinues tenancy in the parcel. A tenant who acts in good faith in response to a written demand from an association is immune from any claim from the parcel owner.
The purpose of this law is to prevent owners, from neglecting their obligation to the association, while collecting rent from a tenant residing within the association. This law requires the Association to notify the tenant in writing of the demand for the assessment which demand will specifically state that it is an ongoing or continuing obligation and that if the tenant fails to pay the applicable portion of the rent to the Association to pay the assessment then due, the Association has the right, under the new statute, to evict the tenant from the property.
With this new mechanism Associations have another avenue to seek collection. This can be a very positive method of collecting fees from defaulting owners. Tenants do not wish to be evicted from their premises and as long as the Association agrees to protect the tenant from backlash from the owner, most tenants will readily cooperate with the Association in this collection effort.
J Brooks & Associates, Inc. is a full service HOA, Condominium, Cooperative and Master Community Association property management company servicing all of Fort Myers, Naples, Bonita Springs, Cape Coral, and all of Lee, Collier, Charlotte, and Sarasota Counties.
When searching for a professional property management company to manage your Association, consider us,J Brooks & Associates, Inc. We will do more than exceed your expectations.
Labels:
Assessment,
Association,
COA,
Collecting,
Condominium,
deliquent,
Florida,
Fort Myers,
HOA,
Homeowners,
owner,
Property Manager,
State Statute,
Tenant
Location:
Fort Myers, FL 33967, USA
HOLIDAY DECORATING WHEN YOU LIVE IN AN ASSOCIATION
“It's the hap-happiest season of all, with those holiday greetings and gay happy meetings, when friends come to call… It's the hap-happiest season of all!” As the great Andy Williams sang in his classic way, it’s that time of year again. In sunny Fort Myers, Florida, we may not have an obvious change of seasons with the glorious fall foliage, and the beautiful White Christmas’, but be thee Snowbird or full-time resident, that is one of the reasons we all came to this beautiful, sunny part of the country. But that doesn’t mean that we don’t know how to celebrate the season! We just do it in a warmer climate!
We still love our holidays, and decorating to show our love of the holidays, is just one of the things that bring that “Holiday Season” feeling to the residents of the south. There are just a few things you need to remember about decorating if you live in a Condominium Association or Homeowners’ Association, when it comes to decorating: Many associations have rules and regulations about how and what you can decorate.
If you live in an Association, one thing you should always do prior to decorating is give your governing documents a once-over. Some Associations have rules on the locations of holiday displays or the size of your displays. And for those of you that live in Associations that have policies about decorations being visible from the outside, it may also affect how you decorate the inside of your home. (If it is visible from the outside, it may not be acceptable.) These are just some of the regulations that may or may not be found in your Associations documents, but it is always better to double check before you get all those decorations up. It can be a real bother to have to take some of your decorations down before the end of the season, or in some drastic cases have to pay a fine to your Association.
Now this doesn’t mean that you shouldn’t enjoy your holidays and decorate for the season, it just means that you need to keep in mind that you live in a community that may have limitations on how you can exhibit your holiday cheer. Remember, you chose your community because of how they keep the look of your community clean and aesthetically pleasing for all. It doesn’t take away the true meaning of the holidays. It’s how you feel inside and how you treat yourself, your friends, and your neighbors that express the true meaning of the holidays.
So, remember check with your covenants before you decorate and if you need copies of your rules and regulations contact your property manager. They will be able to provide your complete copies of all your associations documents. Have a Happy Holiday Season!J Brooks & Associates, Inc. is a Southwest Florida based Community Association Manager. Please check out our website for all our latest blogs and services. www.jbrooksai.com
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