Comprehensive HOA review
Unique insights into the HOA’s financial condition, rules & regulations, such as leasing restrictions, and operational health to help you verify the compatibility of the property with your portfolio without risk
Crucial HOA information is buried in hundreds of pages
There are 400,000 HOAs and they are all different, which makes due diligence challenging.
The process usually involves going through hundreds of pages to find the relevant information about the HOA’s financial condition (fees, expenses, reserves, special assessments), rules and regulations (dozens of leasing restrictions, right of first refusal, pet policy, etc.), and operational health (litigations, foreclosures, defaults, and more).
Unfortunately, missing any of these could force the sale of the property or significantly hurt investment returns.
HOA Review is a key tool for acquisitions
Knowing the Rules and Regulations is essential for ensuring an HOA is consistent with your investment model. There are myriad leasing restrictions that could make a property uninvestable for many investors.
Our Rules and Regulations summary helps you make better investment decisions while also helping your tenants live peacefully in their new homes, not incurring unnecessary fines.
Some of the points we cover in the HOA Review:
- Is there a master and a sub-HOA?
- Is the HOA professionally managed?
- Are there any age restrictions for owners?
- Can you lease the property right away?
- Are there any tenant approval charges?
- Are architectural changes allowed?
Age restrictions
At least 1 person 55 years of age or older must be an occupant of each unit
Architectural review
No structural changes or alterations shall be made in any unit
Leasing
Owner must reside in the unit for a minimum of six months before leasing
Occupancy restrictions
HOA has restrictions on occupancy
Multi-lot restrictions – ownership
No owner may owe more than 15% of all lots
Tenant Approval Charges
HOA requires an application fee and security deposit for tenant approval
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Katie Zorn, Ambassador, Hankin & Pack
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Lori, Escrow Support Supervisor
A huge win for us
"Your team discovered the lien and let us know so we were able to get the payoff statement. We were also able to revisit the research and find the recorded lien.
This is a huge win for us – so THANK YOU for all you do!"
This is a huge win for us – so THANK YOU for all you do!"
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Brooke Eshelman, VP of Operations, Proliant Settlement Systems
Flawless communication and the best customer service
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Brooke Eshelman, VP of Operations, Proliant Settlement Systems
Brad Honn, Senior Director of Escrow and Title Operations, Homeward
Worry-free closings
“As we all know, HOA issues can really blow up and cause a lot of problems for closing. So it helps us all sleep better knowing that there is not going to be a problem, or anything we forgot on the order, or an update that we forgot to complete before closing the transaction. Because we have a great partner Rexera, making sure that those things don’t happen to us.”
Brad Honn, Senior Director of Escrow and Title Operations, Homeward
Kacie McAteer, Vice President, Ideal Title Agency
They always go the extra mile
"Rexera is simply above the rest when it comes to our HOA needs. Their portal is perfect, their communication is constant, and they always go the extra mile in order to meet our deadlines and impress our customers. I would highly recommend them to everyone in the title insurance industry. Thank you Rexera for all that you do!"
Kacie McAteer, Vice President, Ideal Title Agency
Diana Casella, Ideal Title
A vendor that cares
"We’ve only been working with you all for a little while, but so far my team is singing nothing but praise and relief at finally having a Vendor that cares about these files as much as we do. "
Diana Casella, Ideal Title
Michelle Rose, Partner, Closing Day Settlements
Number #1 for efficiency
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Michelle Rose, Partner, Closing Day Settlements
Shawna Hernandez, Chief Operating Officer, Endpoint
A partner for innovation
"We are constantly tweaking and refining our processes, so we needed a reliable partner that would go along this journey with us. And Rexera (formerly InspectHOA) is exactly that."
Shawna Hernandez, Chief Operating Officer, Endpoint
Cristina Sadler, Escrow Officer, TransCounty
A way to take back control
“I was worried the job wouldn’t get done, but it always gets done! It’s worth it; it’s beyond worth it!"
Cristina Sadler, Escrow Officer, TransCounty
Scott Young, EasyKnock
A solution to a historical problem
"Rexera has been an instrumental partner in mitigating risk and creating efficiencies in our acquisition process. They are the solution to a historical problem that title companies and other vendors face in every transaction."
Scott Young, EasyKnock
Melissa Daniels, CEO, Emerald National Title
Going above and beyond
“Why does a closing have to feel like a transaction? At Emerald National Title, our vision is to create a customized experience with a dedicated closing officer. So when a closing goes sideways, and you have a partner like Rexera that sends someone to the HOA office in person to help resolve the issue, that is a partner that understands that buying a home is personal, not a transaction. That is an example of Rexera going above and beyond that directly supports the vision for my business.”
Melissa Daniels, CEO, Emerald National Title
