Question:
Our HOA pays a management company as well as a manager from that company. It appears that we are paying an off-site manager (whose friend is head of the HOA Board) $80K annually plus a mystery amount between $1k and $2K per month. The homeowners can’t seem to get the information we need to understand these fees.
But for starters, I am wondering what an off site manager should be paid? She costs us extra money including courier’s fees. We provided her with an office in one of the community amenity areas and security but she moved home. This is in Austin, Texas, which is a fairly expensive place to live. Is this a reasonable salary, or is it higher than standard?
– Elizabeth
Answer:
Hi Elizabeth,
The Texas Property Code Sec. 209.005, which deals with association records, states that “Notwithstanding a provision in a dedicatory instrument, a property owners’ association shall make the books and records of the association, including financial records, open to and reasonably available for examination by an owner, or a person designated in a writing signed by the owner as the owner’s agent, attorney, or certified public accountant, in accordance with this section. An owner is entitled to obtain from the association copies of information contained in the books and records.”
Make sure to read through this section further to understand what requirements members should follow when requesting association records. As for the salary of an off-site manager, it depends on what duties they carry out. It is worth doing your research online or canvassing other off-site managers to see what is a reasonable price point.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
