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Common Interest Developments (CIDs) have become a sociological phenomenon, but more disconcerting are the people entrusted to manage these neighborhoods who are unpaid, elected, volunteers making decisions on your neighborhood.
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MGM ASSOCIATION MANAGEMENT“Helping neighborhoods thrive”
What are CIDs?
A common interest development is real property that combines individual ownership (separate interests) with property held and
managed in common among all of the owners (common area.)
(a.k.a. subdivisions, developments, townhouses, & condominiums)
4/30/2014 www.goMGM.com
Common Interest Developments
• Origin 1830 - 1901
• Emergence 1901 - 1935
• Popularization 1935 - 1960
• Expansion 1935 - 1973
• Restructuring 1973 - 1990
• Revitalization 1990 - 2014
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Common Interest Developments Boise, Idaho
• CID growth rate from 1990 to 2000 - 46.14%
• Number of CIDs - 2,047
• New construction rate - 17% over 2012
• Second Best City in the US to raise a family (Forbes Magazine)
• One of the top 5 Cities to live in (Better Homes & Gardens)
4/30/2014 www.goMGM.com
Homeowner’s Association Board Challenges
• Governing Covenants, Conditions & Restrictions (CC&Rs) and amending bylaws
• Issuing Violations & Enforcing CC&Rs
• HOA Dues & Collections, accounting services
• Loss of objectivity
• Places Board Member in uncomfortable situations
4/30/2014 www.goMGM.com
HOA Management
• Requires a nomination and appointment by a majority
• Volunteer, uncompensated position
• Untrained in conflict negotiation
• Lack resources and expertise
• Loss of objectivity
• Uncomfortable situations
• Diversion away from relevant issues
4/30/2014 www.goMGM.com
MGM Association Management
Our Mission
“MGM Association Management is committed to giving homeowner associations, homeowners and their board members the peace of mind that their
association is taken care of by a trusted and professional advisor.”
4/30/2014 www.goMGM.com
MGM Association Management
• 16 years of direct HOA experience
• Cost effective
• Cost containment
• Established accounting processes
• Customized and scalable plans
• Expertise in homeowner engagement
4/30/2014 www.goMGM.com
Management Services
• Budget $1.00 per home
• Budget Plan $2.50 per home
• Premium Service $4.50 per home
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MGM Association Management
For more information:
Scott SetterlundAccount Manager
POB 1246
Meridian, Idaho 83680
(866) 833-3330
www.goMGM.com
4/30/2014 www.goMGM.com
THANK YOU
4/30/2014 www.goMGM.com
