In episode 9 of Condo Artist: The Other Side of Real Estate, condo sales strategists and hosts Uri Vaknin and Mark Bunton follow up on episode 7 and take a deep dive into the inner workings of condo homeowners associations (HOA). In an interview with Lisa, a community association manager at a prominent downtown Las Vegas condo high-rise, they break down:

What an HOA is and why it must be formed as a legal, not-for-profit corporation
What kind of information is contained in HOA condo docs, and why it's important to homeowners, real estate agents, and everyone involved in a real estate transaction to read and understand them
Capital reserve budgets vs operating budgets, and how each is created and funded
How order is maintained in a condo building through the HOA
HOA board specifics - what makes a good board member
The role of the HOA manager

Uri, Mark and Lisa offer detailed explanations of the benchmarks, rules and processes that make up an efficiently-run, well-funded HOA, which in turn makes condo living such an exceptional experience.

This episode is brought to you by Juhl Las Vegas, loft-style condos located in the heart of vibrant, downtown Las Vegas. From the low $200s to over $1M. Learn more at JuhlLV.com.

This episode is also brought to you by One Las Vegas, luxury high-rise condos featuring two and three bedroom plus den residences. From the mid $400s to over $1M. Learn more at theonelv.com.

Questions or comments? We'd love to hear from you! Contact us at CondoArtist@gmail.com.

Questions or comments? We'd love to hear from you! Contact us at CondoArtist@gmail.com

Demystifying the Condo HOA - Part II