HEADS OR TAILS

By Darlys Walker

Published April 12, 2017

   

Often times, we as managers, feel the frustration of our board who review their docs, only to determine there is so much grey area or they simply donít understand the legalese. This can, and does, result in boards taken actions which are in direct conflict with the intent of the docs. Many boards believe as long as they are acting on their interpretation of the wording, then it is okay to move forward. The truth is, most board members canít make heads or tails from the association documents or how they relate to Florida Statute 718 or 720. Adding to the problem, many boards seek direction from their CAM or CAM Firm only to be misled. Recently we took over a community from the largest management firm in South Florida. We found out that the developer deficit funding period ended in 2012, and that the manager had informed the board, that they simply needed to vote to extend deficit funding indefinitely! Of course, the majority of the board is controlled by developer representatives. So for the past 5 years, the developer has not paid fees for all of his unsold units!

  

Board members and developers should be required to attend a certification class and in my opinion a legal seminar on when to seek counsel on the interpretation of the association Docs. Many errors could be prevented if those were required.


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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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