An
article that was recently published on July 28th,
2013 in the New York Times, stated that, according to the "Stanford
Act", FEMA is prohibited from providing emergency
assistance to Co-ops, Condominiums and other HOA’s as they are
classified as "business entities." The article further
states that single family homes can receive as much as $30,000
in emergency assistance. A group of New York and New Jersey
Legislators are currently working to "correct an
inequity" as stated by Representative Steve Israel, who is
sponsoring the legislation.
FEMA
believes that Condominium owners can get assistance to rebuild
walls and floors but will have little luck obtaining assistance
to repair exterior building amenities and common areas. Likewise
HOA's would experience much the same, with the ability to obtain
assistance for Home Repairs individually, but no funds for
common areas or amenities.
So,
as we begin to prepare the 2014 budget, it is important to
ensure that not only are your operating expenses accurately
projected, but that you are building your capital reserve funds
and that you have adequate disaster coverage in your insurance
policy.
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
estate
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.
