Mark Burns is Associate Professor in the Department of Political Science and former Director of the Health Administration Program at Auburn University.
HOA fees are based on a variety of things. The management association bidding to run an HOA determines the hard costs of things like utilities, landscaping, pool maintenance, administrative costs like attorney fees, billing and postage plus any other required overhead.They then add on their profit margin for servicing the account.he management association bidding to run an HOA determines the hard costs of things like utilities, landscaping, pool maintenance, administrative costs like attorney fees, billing and postage plus any other required overhead. They then add on their profit margin for servicing the account.
The HOA demand, is needed by escrow company to calculate the fees such as transfer fees, monthly fees and any other fees or assessment. If you have any other question, contact me. Good luck and if you need to purchase a property, I will be happy to help! Rena Levy Global broker/Associate Realty Executives Of Nevada 702-992-7754 Direct 702-940-4500 Office