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READ YOUR DOCS!
By
Rafael Aquino
Published November 6, 2019
As Eric mentioned on Monday, certain HOA docs do have language that
requires new owners to contribute to the purchase of their home.
However, too many times, Board members believe this provision only
applied during the initial purchase of the property.
At Affinity, every time we take on a new HOA, we read the documents
to understand what's allowed and what isn't allowed; however, we
also look for the provision that provides for such contribution. If
we find such language, we immediately ask for the opinion of the
association's attorney confirming we can charge such fees to new
owners. By taking this proactive approach, we’ve helped several
clients realize additional income they had been missing out on for
years.
On average, most associations will see anywhere between 8% - 15% of
the homes sell each year. If your association has three hundred
units, 15% turned over each year, and the contribution is $350,
you’d be missing out on about $13,500 per year, every year.
If you haven't read your docs lately, make sure you do so
immediately.
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As the Co-Founder and CEO
of Affinity Management Services, Rafael P. Aquino leads his team to
redefine excellence. They serve community associations
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and effectively with
dedication and passion. Rafael’s energy and positive
spirit is the foundation of Affinity Management
Services’ company culture, which instills enthusiasm and
excitement when providing expert advice to its board
members and relieving the day-to-day burdens of running
a community association.
Since 2007, Rafael has
developed a work culture that values responsive and
high-quality services. He has led his team by following
a proactive vs reactive philosophy. The same approach
Rafael instills in the day to day operations of each
association. Today, Affinity Management Services
maintains its success and benefits as a result of the
foundation Rafael has built and continues to foster by
providing educational seminars, continuing education
classes for association managers and board members
alike.
Rafael and his team help condominium and homeowners’
associations save money and improve their communities.
His calm, personable, and service-oriented nature helps
him to establish strong relationships with ease. Rafael
is known as a sincere and honest leader who looks out
for the best interests of his clients and communities,
and he strongly advocates for their needs. His role
requires coordination and communication, as such he
takes logical and intelligent steps to approach
challenges head-on.
As a graduate of Florida International University’s
electrical engineering program and a licensed community
association manager, Rafael’s education and skills equip
him with unique insights to tackle complex problems
through critical thinking. He understands how each
component within a system works together in order to
effectively arrive at solutions, techniques, and
conclusions. Therefore, as he manages the multiple
challenges of running a community association management
company, he understands how each property is its own
unique system and tailors’ specific services to assure
that all their needs are met.
For more information about Rafael P. Aquino and Affinity
Management Services please visit
www.ManagedByAffinity.com or call 1-800-977-6279
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Doral Office: 8200 NW 41st ST
Suite 200
Doral, FL 33166
Broward Office: 150 S Pine Island RD Suite 300
Plantation, FL 33324
O: 800-977-6279 ● F: 305-325-4053
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