ITíS TIME TO CALL IN THE EXPERTS

By Darlys Walker

Published June 20, 2018      

 

The board has set its objectives and goals and are now getting the tasks completed.

 

The important thing to know, is who to call. The following firms will be instrumental in assisting the board in verifying the physical and financial status of the community. Consider hiring the following as a part of the initial transition team.

 

1.    ASSOCIATION LEGAL COUNSEL- Having your documents reviewed and seeking guidance during the initial transition period is paramount to the board acquiring comprehensive understanding of the association documents as well as FLS-718 or 720. When in doubt, ask for clarification from the association attorney.

 

2. CPA or ACCOUNTING FIRM- As stated in Florida statute, for HOA, turnover 720.30 3(r) and for Condominiums 718-301(c), financials must be audited by an independent certified public accountant.

 

3. ENGINEERING FIRM- This individual is key to ensuring all common areas and amenities have been completed, as promised, by the Developer. During this process, it is also recommended the board retain the Engineer to perform a comprehensive reserve study for future reserve fund planning.

 

4. LCAM FIRM- An LCAM or LCAM firm will be instrumental in auditing association records, ensuring all documents are present, all vendor files have up to date contracts, insurance certificates, business licenses etc. Rebidding contract services and reviewing meeting minutes book etc.


HTML Comment Box is loading comments...

 

 

 
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.


Sign up for Email Updates
Email:  
For Email Newsletters you can trust