Also, one thing I forgot to mention is that the delinquency rates on HOA fees is almost zilch.
I own several properties around the world (some also in upscale developments) where the homeowners are constantly late or don’t pay their fair share of HOA fees, which can cause a burden on existing homeowners. It’s quite annoying dealing with that.
Watching how Santaluz deals with them is an eye opener and they truly don’t mess around.
For example, since the digital cable and high speed Internet are included in the HOA fees, you stop paying and they cut off access to that.
Also, the entire development is controlled by high tech stickers that you have on your car windshield or license plates to allow you entrance in one of several entrances into Santaluz.
They can deactivate those so it’s not convenient and you have to go through the security guard each time which I imagine could be much slower and a pain vs. the automatic gates which automatically open and have a separate lane.
They also mentioned they don’t hesitate to “rapid filing of small claims court actions to secure judgments”.
Me personally as a homeowner, I enjoy this extremely low delinquency rates and the actions the management company will take for those that don’t pay on time.
I found it very interesting these techniques and maneuvers. 🙂
It gives me a great feeling knowing that Santaluz is among the top 1% of community associations in the USA and will have the funds there to properly maintain the development into the future.
