OH NO, ANOTHER SPECIAL ASSESSMENT

By Darlys Walker

Published October 12, 2016

   

Is your community getting hit with a 1-2 punch? No matter how much we say, “DON’T WAIVE RESERVES”, “PLAN FOR THE FUTURE", the boards just DON’T listen! Many of you recently suffered significant damage from Hurricane Matthew, only to find out that the association has no money in reserves to fund neither the repairs, nor the deductibles. So guess what? Now there will be a special assessment! Oh but the hits keep coming! I recently met with an association who must have their 40 year inspection done and after years of ineffective management, no preventative maintenance, a huge delinquency and waiving reserves. There is no doubt the inspection is going to demand a massive amount of renovations. Now the board will need to special assess for the storm damage deductibles, as well as the 40 year inspection deficiencies. I continue to be baffled as to why owners choose to waive their reserves. Why would someone chose to risk having to pay thousands of dollars over a short timeframe as opposed to contributing $30-$50 a month? Am I missing something? I just don’t get it.

     

Should contributing to reserves be mandatory?
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Darlys Walker, Founder and CEO of Condominium Concepts Management, Inc. (CCM), is recognized for her straight talk, subject matter expertise, and valued insights regarding real  

state management, leasing, and HOAs. Her company serves a diverse portfolio of properties, from 16-units up to 600 as well as large mixed-use developments.  

 

   From its beginnings in 2000, CCM has become a well-respected asset manager and now works with over 100 associations with 16,000 units served by over 300 employees. Darlys and her team deliver resources and responsiveness through six regional offices - in Orlando, Miami, Jacksonville, Charleston, Nashville and Atlanta.

  

   Darlys Walker is best known for her passion and precision, understanding that the only difference that matters in today's demanding marketplace is service delivery ... doing what is promised and what is right. She knows that every community serves two masters ... the property owner/developer and the resident/homeowner. "If we are not equally responsive to both, we are not doing our job," she states.  

 

   Her clients say it best: "Darlys really knows her stuff" ... "at the top of her profession and it shows in the caliber of her clients" ... "delivers quality resources that match up well with needs and expectations that are really rigorous."  

 

   She is a licensed Real Estate Broker in four states, holds an Associate's Degree in Marketing and has earned the Accredited Real Estate Manager designation from the Georgia Institute of Real Estate Management. Also she is one of few certified as a Lead-Based Paint Abatement & Removal Trainer in Georgia.

  

   Darlys Walker and her team have been selected to manage the condominium conversion process and day-to-day operations for many of the Southeast's most high-profile condominium communities including luxury high-rises, mid-rises and garden-style homes. Most recently she has been recognized as an expert in 're-versions' of communities from condominiums to leased homes, as well as repositioning projects. A visionary and a tireless perfectionist, Darlys demonstrates hands-on leadership, working individually with each client and staff associate to achieve defined business outcomes and satisfaction.  

  

  For more information about Darlys Walker and Condominium Concepts Management, Inc. please visit www.condominiumconcepts.com.

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