CONDO ASSOCIATION PROPERTY MANAGEMENT SERVICES
- Financial Operations -
Los Angeles, Downtown Los Angeles, Van Nuys,
North Hollywood, Woodland Hills, Canoga Park, Reseda, San Fernando Valley, Northridge, Chatsworth, North Hills,
West Hills, Hollywood, Burbank, Glendale, Pasadena, West Hollywood, West Los Angeles, Beverly Hills, Santa Monica,
Venice, Sylmar, San Fernando, Lake View Terrace, Simi Valley, Porter Ranch, Granada Hills, Mission Hills,
Knollwood, Pacoima, Panorama City, Arleta, Sun Valley, Sunland, Tujunga, La Crescenta, Altadena, La Canada
Flintridge, Warner Center, Winnetka, Valley Glen, Verdugo City, Montrose, Sierra Madre, Arcadia, Monrovia, Westlake
Village, Thousand Oaks, Agoura Hills, Calabasas, Tarzana, Encino, Sherman Oaks, Valley Village, Studio City, Toluca
Lake, Universal City, West Toluca Lake, Eagle Rock, San Marino, Beverly Glen, Los Feliz, Silver Lake, Atwater
Village, Echo Park, Glassell Park, Cypress Park, Highland Park, Alhambra, San Marino, San Gabriel, Pacific
Palisades, Brentwood, Sawtelle, Culver City, Jefferson Park, Westlake, East Los Angeles, Monterey Park, Mar Vista,
Canyon Country, Santa Clarita, Westwood, Marina Del Rey, Inglewood, Valencia, Newhall, Castaic, Saugus, Moorpark,
Lake Balboa, Malibu
- All of J & N Realty, Inc.'s Condo and HOA managers are properly educated and trained in
property and condo association management laws and regulations and can help the Board of Directors with regulatory
issues, compliance requirements, rule enforcement, maintenance, and any other matters a real property, homeowner or
condo association may face at any time during its existence. Our managers are also intimately familiar with the
Federal, State, and local landlord-tenant and fair housing laws.
- J & N Realty, Inc. has extensive experience at and is well versed in the management of troubled or
distressed townhome, townhouse, and homeowner association
(HOA) and condominium property (condo) communities in Los Angeles.
Such HOA and condo developments have been grossly mismanaged or neglected or both by their current
management companies or have been the victim of incompetent self-management. We are extremely skilled at and
successful in collecting delinquent assessments and enforcing governing documents. We have turned dozens of
homeowner association and condominium property communities around and have helped numerous
distressed common interest developments, HOA and condo association projects get back on their feet
in the Los Angeles county and its neighboring communities.
- Since it is rather hard to find contractors to perform small repairs at a reasonable price, we have our own
repair and maintenance crew to do small jobs. By using our in-house crew for small jobs, we have full control
over the crew's performance, job cost, and over the outcome of the jobs.
- We provide the Board of Directors with accurate, easy-to-understand, and complete
financial statements in a timely manner.
- Our staff members are knowledgeable enough to be able to coach and guide the Board of Directors and to
offer them professional advisement on practically every matter affecting the management and operation of condo
property developments. They are also trained and competent to perform the accounting, taxation, budgeting, and
reserve planning for any condo association.
- J & N Realty, Inc. accepts only those engagements which our HOA and
Condo Managers can reasonable expect to perform with professional competence.
- Our Condo and HOA Managers will act as a fiduciary on behalf of the Board of Directors
in handling the association's financial affairs and will put the association's interest above the manager's
own.
FINANCIAL OPERATIONS
-
J & N Realty, Inc.'s Condo
Managers:
1. Bank Accounts
- Establish and maintain in a bank approved by the Board, whose deposit is insured by
the FDIC, a separate bank account in the name of the association. Our staff will have authority to draw
thereon for any payment to be made to discharge any liabilities or obligations incurred pursuant to our contract
with the condo or homeowner association.
2. Assessment Collection
- Collect all assessments, late fees, collection charges, and fines due from the members of the association.
J & N Realty, Inc. will be authorized to request, demand, collect, and receive any and all charges and
assessments which at any time become due to the association and to follow up on delinquent charges and
assessments with timely notices. Condo managers will, at the request of the Board, initiate legal
proceedings required for the collection of delinquent charges and assessments against unit owners.
- As a matter of standard practice, furnish the Board with a summary of all delinquent accounts on a regular
monthly basis.
3. Cash Disbursements
- Disburse regularly and punctually funds deposited in the Association's accounts. Property managers will submit to
the Treasurer monthly an itemized statement of the Association's expenditures.
- Advise and, when authorize, endeavor to expend Association's funds to achieve the greatest
benefit for the homeowner association.
4. Budget and Financial Management
- Prepare an annual preliminary Pro Forma budget setting forth an itemized statement for the anticipated income and
expenses for the forthcoming fiscal year, together with a recommended schedule for assessments.
- Assist the Board in developing two and five-year narrative plans of operation. These plans will
be outlines for budget construction and support for the Association in an effort to chart a course for future
operations. Property managers will assess future operations and requirements for adequate
reserve and operating funds to provide for equipment replacement and projected building
deterioration.
5. Filings
- Prepare for execution and filing by the Association all forms, reports, and returns required by law regarding
taxes now or hereafter imposed.
6. Books and Records
- Maintain a comprehensive system of office records, books, and accounts in a manner satisfactory to the Board and
to such auditor as are retained by the Association. These records will be subject to examination by the Board and
by the members of the Association.
- Make books and records available for inspection by the Board of Directors and members of an
association in accordance with the governing documents and applicable law.
7. Financial Management Requirements
- Perform accounting using the accrual method for all financial reports.
- Continually review receipts and expenditures and provide notice to the Board of actual or pending obligations
that appear to represent an adverse trend relative to the adopted budget.
- Do not commingle association's funds with any funds with the funds of other Associations.
- J & N Realty, Inc. manages every property and condo property association in a proactive
manner by anticipating problems and solving them well before they become apparent to the Board of Directors. Our
formal training and vast knowledge in property and condo association management enable us to see developing and
lurking problems that other managing agents may miss, consider unimportant, or just simply do not care about.
- We endeavor to maintain a consistently high level of customer service and performance quality. High standard of
customer service and professionalism are the qualities upon we have been building our business, and we do not
intend to grow so big that we fail to fully promote and protect the interests of our greatest asset -- YOU.
- Our HOA and Condo managers provide the Board of Directors with accurate, easy-to-understand,
and complete financial statements in a timely manner. Our financial statements are maintained using accrual
accounting methods and with strict adherence to Generally Accepted Accounting Practices (GAAP) and industry
standards.
We Combine Academic Excellence And Extensive  Business And Management Experience To Respond To Our Los
Angeles Condo Clients' Management Needs
How to deal with elevator breakdowns
If a
condominium property has an elevator, it is important that the HOA’s employees know the proper steps to take
when a passenger-filled elevator breaks down. If the employees do not take the proper steps and passengers get
injured during the breakdown, the condo could get sued.
To
reduce the chances of facing a lawsuit, develop elevator breakdown procedures if these are not already in place
and put them in a memo. The memo should focus on communication with the passengers and waiting for expert
help.
Informing members about
renovations
Homeowner association common area
property renovation projects can be a nuisance to HOA members. While most members are usually supportive and
tolerant of those projects because they realize they help to make the condominium a better place to live, not
everyone feels that way. One way to keep member complaints and dissatisfaction to a minimum is by being upfront
with HOA members and telling them in advance what is happening.
You
should send every condominium property owner a letter to announce a planned renovation project. The letter tells
members about an upcoming renovation project, explains how the project will benefit them, notes when the work
will take place and what inconveniences they can expect, and includes a telephone number and an email address
for condo members if they have any questions about the project and how it will affect them.
How to make your unit more energy
efficient
Telling
HOA property members how to make their units more energy efficient can help them save money, which might lead to
fewer delinquencies. Send a letter to condo members suggesting that they use ENERGY STAR products and appliances
and low-flow faucets, showerheads, and toilets. You should also suggest that they insulate walls, water lines,
and water heaters, and put weather stripping on doors and caulk around exposed pipes.
Basic information about
bedbugs
Getting
rid of bedbugs can be extremely difficult: they multiply quickly and can move easily form one location to
another. Bedbug problems have been spreading in recent years, sparking much concern among public health and
housing officials. Successful bedbug control requires preventive measures and quick responses by HOA property
owners and managers, intensive pest control service, constant follow-up, and a high level of condominium member
cooperation.
HOA members’ maintenance tips to
prevent leaks
Although
homeowners associations often give landscaping and cleaning services priority because the benefits associated
with those activities are readily visible, they often ignore preventive maintenance – at their own
peril.
Drainage
failure and building envelope failure are the main reasons for leaks. Because of mold, the liabilities for leaks
and moisture intrusion are costlier than ever for condominium property associations. This reason alone makes
preventive maintenance and vigilance for potential leaks a vital concern for condo property
association.
Winter
and harsh weather can erode your HOA’s buildings. That is why it is wise to review your condominium property
association’s preventive maintenance priorities every spring and to make sure your roof and building exterior
will last for many more seasons. In addition to staff, members of the property can do their part to ensure that
rain water drains properly from their windows, outdoor balconies, or patios.
Recognizing Outgoing Board Members’ Efforts
One thing homeowners and community associations can do to get outgoing can do to get outgoing board members to
cooperated with their successors is hold a special dinner or lunch in their honor. Most board members serve because they want to benefit their property and
community and will appreciate recognition of their sacrifices, efforts, and achievements. In conjunction with the dinner, the condominium property may pass an “executive
resolution” declaring a day of honor of the outgoing board members.
The executive resolution can be printed up as a simple certificate and framed or made into a
plaque.
Code of Conduct for HOA Board Members
Homeowners or condominium association
board members who act inappropriately can cause big problems for their properties and
communities. For example, a board member who harasses or
physically assaults another member may cause lawsuits to be filed against the HOA. That is why it is important to take steps to encourage constructive
behavior and discourage inappropriate behavior. One way to do
this is to create a code of conduct that all board members must follow. A board member code of conduct promotes a more stable environment, thereby
making the board more efficient.
A Model
Code of Conduct should require board members to do what is best for the condominium property
association as a whole; comply with governing documents and
relevant law; hold themselves to high standards; work within the HOA’s framework and refrain from unilateral
action; behave professionally at meetings; maintain confidentiality when appropriate; disclose any conflicts of
interests; refrain from defaming anyone the property; refrain from interfering with management staff and
contractors; and refrain from using member’s keys, except as authorized by the governing
documents. The code should also explain how violations of the
code will be handled.
To
increase the likelihood that your board member will abide by the code of conduct, require each of them to sign
and date a copy of it before they are allowed to serve on the board. In addition, have new board members stand at their first meeting as members of
the board, face the community and promise to abide by the code of conduct.
J & N Realty, Inc. -- real estate, property, planned unit development (PUD), townhouse, townhome, hoa, condo,
condominium, homeowner association, common interest development (CID) management services in
Los Angeles
- J & N Realty, Inc. provides property, homeowner association, townhouse, and condominium
management and services in the following cities and their surrounding areas (partial list, only):
Los Angeles,
Downtown Los Angeles, Van Nuys, North Hollywood, Woodland Hills, Canoga Park, Reseda, San Fernando Valley,
Northridge, Chatsworth, North Hills, West Hills, Hollywood, Burbank, Glendale, Pasadena, West Hollywood, West Los
Angeles, Beverly Hills, Santa Monica, Venice, Sylmar, San Fernando, Lake View Terrace, Simi Valley, Porter Ranch,
Granada Hills, Mission Hills, Knollwood, Pacoima, Panorama City, Arleta, Sun Valley, Sunland, Tujunga, La
Crescenta, Altadena, La Canada Flintridge, Warner Center, Winnetka, Valley Glen, Verdugo City, Montrose, Sierra
Madre, Arcadia, Monrovia, Westlake Village, Thousand Oaks, Agoura Hills, Calabasas, Tarzana, Encino, Sherman Oaks,
Valley Village, Studio City, Toluca Lake, Universal City, West Toluca Lake, Eagle Rock, San Marino, Beverly Glen,
Los Feliz, Silver Lake, Atwater Village, Echo Park, Glassell Park, Cypress Park, Highland Park, Alhambra, San
Marino, San Gabriel, Pacific Palisades, Brentwood, Sawtelle, Culver City, Jefferson Park, Westlake, East Los
Angeles, Monterey Park, Mar Vista, Canyon Country, Santa Clarita, Westwood, Marina Del Rey, Inglewood, Valencia,
Newhall, Castaic, Saugus, Moorpark, Lake Balboa, Malibu
property management
property management service
condominium association management service
homeowner association management service
hoa property management service
condo association management service
townhouse association management service
townhome association management service
real estate property management service
common interest development management service
planned unit development property management service
hoa management
real estate management service
pud management service
cid management service
hoa
condo
condominium
real estate
townhouse
townhome
j & n realty
Los Angeles condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Downtown Los Angeles condominium condo
townhouse townhome hoa pud cid homeowner association planned unit development property common interest development
real estate management service
Van Nuys condominium condo townhouse townhome
pud cid hoa homeowner association planned unit development property common interest development real estate
management service
North Hollywood condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Woodland Hills condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development
property common interest development real estate management service
Canoga Park condominium condo townhouse
townhome hoa
pud cid homeowner association planned unit development property common interest
development real estate management service
Reseda condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
San Fernando Valley condominium condo
townhouse townhome hoa pud cid homeowner association planned unit development property common interest development
real estate management service
Northridge condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Chatsworth condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
North Hills condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
West Hills condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Hollywood condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Burbank condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
Glendale condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
Pasadena condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
West Hollywood condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
West Los Angeles condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Beverly Hills condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Santa Monica condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Venice condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
Sylmar condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
San Fernando condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Lake View Terrace condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Simi Valley condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Porter Ranch condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Granada Hills condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Mission Hills condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Knollwood condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Pacoima condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
Panorama City condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Arleta condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
Sun Valley condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Sunland condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
Tujunga condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
La Crescenta condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Altadena condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
La Canada Flintridge condominium condo
townhouse townhome hoa pud cid homeowner association planned unit development property common interest development
real estate management service
Warner Center condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Winnetka condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
Valley Glen condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Verdugo City condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Montrose condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
Sierra Madre condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Arcadia condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
Monrovia real estate property hoa condo
management
Westlake Village condominium condo townhouse townhome hoa pud cid homeowner
association planned unit development property common interest development real estate management
service
Thousand Oaks condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Agoura Hills condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Calabasas condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Tarzana condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
Encino condominium condo townhouse townhome
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management service
Sherman Oaks condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Valley Village condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Studio City condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Toluca Lake condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Universal City condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
West Toluca Lake condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Eagle Rock condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
San Marino condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Beverly Glen condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Los Feliz condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Silver Lake condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Atwater Village condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Echo Park condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Glassell Park condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Cypress Park condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Highland Park condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Alhambra condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
San Marino condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
San Gabriel condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Pacific Palisades condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Brentwood condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Sawtelle condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
Culver City condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Jefferson Park condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Westlake condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
East Los Angeles condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Monterey Park condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Mar Vista condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Canyon Country condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Santa Clarita condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Westwood condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
Marina Del Rey condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Inglewood condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Valencia condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
Newhall condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
Castaic condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
Saugus condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
Moorpark condominium condo townhouse townhome
hoa pud cid homeowner association planned unit development property common interest development real estate
management service
Lake Balboa condominium condo townhouse
townhome hoa pud cid homeowner association planned unit development property common interest development real
estate management service
Malibu condominium condo townhouse townhome hoa pud cid
homeowner association planned unit development property common interest development real estate management
service
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