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Homeowners associations (HOA) have their supporters and detractors. They remain commonplace, but many homeowners wonder if it is worth the fees. A homeowners association is a non-profit entity that manages a common-interest development. Their purpose is to manage residential communities, maintain what is known as “curb appeal,” and maximize property values. The association’s developer creates…

Whether you are a real estate investor or a business owner, owning and operating a commercial property can be an excellent investment. But, before you take the leap and finalize the purchase of a commercial building, it may be advantageous to consider the following factors when searching for the right property. Location Depending on…

A well-managed property owner association (POA) may operate for years without major changes needed to its governing documents. But when was the last time your POA board discussed changes in Texas law? If it has been more than 2 years, call a meeting to discuss the impact of SB 1588, passed in 2021. The…

Most people who enter a business partnership have good intentions. However, just like human relationships sometimes go sour, so do business relationships. In this blog, we will discuss business divorce and how to separate assets in the context of real estate. Allocating the assets among the partners of a project or company can be…

Currently, there are 300,000 Homeowners Associations, also known as HOAs, that focus on the best interests of their respective neighborhoods. While property owners purchase their property, certain rules are in place that can limit what they can do with their individual dwellings and their surroundings. However, issues can arise with residents that can impact…

An independent home inspection provides homeowners looking to buy or sell the property a snapshot of the dwelling’s condition prior to a potential purchase. Various factors play a role in the fair market value. State of the structure The structure itself that includes the overall condition and functionality, square footage/size of the lot, bedrooms,…

Homeowners can sue their Homeowners’ Association (HOA) over various issues. Considering that HOAs are often diverse, and because of that, not everyone will get along or agree on every topic every time. HOA board members must have an effective strategy to confront these disagreements, which will likely arise occasionally. Members will want their rights to…