LakewoodHOAManagement.net is a division of CoastManagement.net. We provide homeowner association management services to the following communities and surrounding areas:
The staff of CoastManagement.net is knowledgeable, experienced and highly motivated, providing attentive and responsible support. When you hire CoastManagement.net you hire more than a manager - you hire a team of professionals. CoastManagement.net provides services that can be customized for your specific requirements.
CoastManagement.net has a simple and effective approach: we serve every client as if they were our only client. Please call us Monday - Friday between 9:00 a.m. and 5:30 p.m. We will be pleased to review your homeowner association management needs and prepare a proposal that best meets your requirements. Not all property management companies are the same. The property management company you select will have a profound effect on the value and desirability of your home.
Michael Chulak, President of CoastManagement.net is a real estate and homeowner association attorney, general contractor and Certified Property Manager® with over 30 years of experience managing properties and serving as an expert witness. Please visit our HOA-CID Glossary, Why Homeowner Associations Get Into Trouble, Glossary of HOA Insurance Terms and HOA Abbreviations and Acronyms.
CoastManagement.net does not provide maintenance property services
directly (including landscape maintenance) because we believe that providing
these services directly creates a conflict of interest with management clients
which cannot be addressed satisfactorily.
Management companies have the responsibility (a fiduciary duty) for making certain that their clients receive the greatest value possible for every dollar spent on property maintenance services. This means the management company must make certain that their clients do not pay an excessive billing rate, do not pay for an excessive number of hours billed, do not pay for inferior work, do not pay for unnecessary work, and that maintenance is scheduled so as to minimize the number of service calls in order to minimize your overall cost.
Companies that provide property maintenance services directly are in business to maximize their profit. This legitimate goal is in direct conflict with the property owner's goal of minimizing maintenance costs. We believe a management company cannot reconcile this conflict of interest if it provides maintenance services to its client. For example, it is possible that the need to meet payroll costs could influence the management company's judgment as to how much maintenance is "necessary" at your building.
A management company that hires only independent, third party property maintenance companies, such as CoastManagement.net has the incentive and ability to fully protect property owners without regard to the profitability of the maintenance operation. A management company that directly provides maintenance services may not have the same incentive or ability.
By law, a management company, as agent for the owner, has the duty to put your interest above its own. CoastManagement.net is in a position to do exactly that. We take our responsibility seriously. Please visit Contractors and Vendors Wanted and Construction Managers Wanted.
Our company owns a 50% interest in CoastSecurityServices.com, a California Corporation. The company installs and monitors burglar and fire alarm systems in private homes, businesses and other locations. It also installs video surveillance cameras to enhance security on private property. CoastSecurityServices.com does not provide property maintenance services, and repairs only security related equipment.
Please visit Crime Prevention Tips.
Call us for a competitive management proposal.
We believe that accepting homeowner association property management accounts from home builders creates a conflict of interest for the management company that cannot be reconciled.
When a developer hires a management company to manage an association, the management company becomes the agent of the association the minute the first escrow is closed because the association is created at that time. This means the management company owes its duty of loyalty to the association when the first unit is sold, notwithstanding the fact that it was selected and hired by the developer. While the management company should know that its duty of loyalty runs in favor of the association, it also knows that it will not receive additional accounts from the developer if it takes sides against it, or points out any failures on the part of the developer.
Management companies are well aware of the fact that developer controlled boards are likely to terminate their services and cease future referrals if the management company takes the side of the association against the developer. Management companies that seek management accounts from developers learn quickly that they are in a difficult position.
While not all management companies that accept developer referred management accounts breach their duty to the association, homeowners must be alert to the possibility.
Some of the abuses that we have observed over the last twenty five years includes the following:
The deferred management fee program offered by CoastManagement.net is designed for homeowner associations of 4 to 40 units located anywhere in Southern California that are financially challenged, but have the desire and willingness to develop a plan to turn things around. If you have more than 40 units and have an interest in our program, please call us to discuss how Coast may assist you.
The deferred management fee concept is simple. Coast provides management services and then loans the earned fees back to the association at a low interest rate. Interest does not start to accrue until after five years has elapsed or the management agreement is terminated, whichever first occurs. The association is then given seven years to repay the amount owed. During the period that fees are deferred, the association can use the money to cure deferred maintenance, etc. Coast may also be able to arrange a separate HOA Loan for the association.
Your association is not locked into a long term agreement. You may terminate the agreement any time after a 60 day written notice is provided. An example follows:
California law authorizes the board of directors of an incorporated homeowner association to borrow funds unless the governing documents prohibit borrowing without membership approval.
We add articles to this section of our website on a regular basis:
When you hire CoastManagement.net to manage your homeowner association, Coast will arrange to have HOA attorney Michael Chulak provide your board of directors and any committee members with a private training seminar at your location, and at no cost to your association.
Topics will include:
Some homeowner association management companies are not interested in providing management services to small homeowner associations because they are viewed as being unprofitable. These management companies prefer to concentrate on the larger associations.
CoastManagement.net is most definitely interested in providing management services to small associations as well as large associations.
Coast is highly organized and efficient at providing management services. We maximize the use of technology, forms, and standardized procedures for dealing with routine management and maintenance issues. Consequently, we are able to provide first class service to small associations at a reasonable cost.
If your smaller association is being neglected by your management company, call us today for a proposal.
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