By Michelle Tomko
In a perfect world, associations are not supposed to be landlords. But things happen. People lose their jobs, owners pass away leaving their units in limbo, and global events such as the Great Recession can even impact the financial well-being of owners. These types of events can all cause properties in an association to be abandoned. When this happens, what is an association to do? Often the right move is for the association to request a receivership.
By Sherri Hall
Property managers are used to walking around their communities and having residents come up to them with questions, complaints, suggestions and more on a regular basis. However, managers get to go home at the end of the day. For board members, though, home is the community. Oftentimes, board members are faced with these interactions with residents during their “off” time.