Frequently Asked Questions
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Is there a conflict of interest in your program?List Item 1
All Management partners have been vetted prior to their presentations to the Boar dof Directors. Each company has signed the Partner Code of Ethics to participate in the program.
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How do we know one management company won't be favored over the other?List Item 2
Proposals are obtained in an unbiased manner based soley on the constructive information the Board of Directors provides. The decision of which management partner to select resides soley in the hands of the Board of Directors who have the power and authority to make such as a decision. Think of us as the facilitor in the transaction while the Board is final decision maker.
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Is the HOA Source compensated by Management Partners?List Item 3
Yes, our management partners all agree to the same fee-structure upon passing their initial vetting of two (2) months' management fees, paid by the management partner (not the HOA itself). This keeps an even playing field among the candidates as well as piece of mind for the Board of Directors that any parnter has an advantage over the other due to financial gain.
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Partner Fairness ReportList Item 4
As a pledge to our clients and management partners alike, we will perform annual third-party audits available to both parties upon request as a token of our transparency.