THE FLORIDA HOA & CONDO BLOG

Fair and Square

By Darlys Walker

Published February 6, 2013

Thanks to the hard work of Eric and Jan, the introduction of SB-580 and SB-596 is a giant leap for mankind!! OK, I exaggerate, IT IS A HUGE LEAP FOR ALL FLORIDA HOA'S!

There is no argument that the passing of these bills will greatly benefit all Homeowners living in communities with Associations (HOA'S). I also believe there is great benefiting to Condominium Owners as well should they pass. Pay attention Condo Owners, your help is NEEDED!

For instance, in passing both Bills, you alleviate any differentials between living in a COA or an HOA, and make both equally attractive to potential purchasers, resulting in stabilized re-sale values. Recent studies show that Single-Family Home sales exceed Condo sales at almost 2 to 1. The reason is Simple, financing a single family residence is much easier than financing a condominium.

Real Estate experts believe it's because less regulation and control of HOA's means less required reporting, resulting in lower standards of approval from FHA-FNMA on single family homes as opposed to condos. After all, FHA- FNMA, are responsible for over 80% of current loans.

Condominium owners have been subject to DBPR oversight, DBPR sanctions and DBPR regulations so doesn't it seem fair and square that HOA'S should experience the same benefits? From Managements standpoint, requiring (or should I say allowing) HOA's to meet these same requirements, we believe it will strengthen the Florida housing market and give an equal voice to both HOA's & COA's.

Yes, all Homeowners (HOA'S) must take the initiative to contact their legislators and get these bills passed. Condominium owners (COA's), you need to also participate and let your voice be heard. Getting these bills passed will have a long-term, positive effect on your investment as well. Call or email your legislators TODAY!!

Darlys Walker

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.



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