"Colorado legislators received so many complaints about HOAs that in 2010, they voted to create an HOA Information Office and Resource Center to gather complaints and help homeowners Through Dec. 1, the center had collected 478 complaints, a third of which named managers. Many of the rest centered on poor management practices — from a lack of transparency to ignoring homeowners' concerns About 2 million people in Colorado live under more than 8,000 HOAs, according to state estimates.
"At the CAI's request, the Colorado Department of Regulatory Agencies is conducting a "sunrise review" to determine whether HOA managers should be regulated. Nine states and the District of Columbia license or regulate community managers."
When CAI starts asking for regulation, you know the situation is bad. I think many of the mom and pop property management firms are struggling these days. Financial problems trickle up from the owners to the association to the professionals. If the owners can't fund the association, the association can't hire professional management. I realize managers and lawyers do everything possible to sign up associations as clients and start the fee machine, but with all the unfinished subdivisions and foreclosures eventually owners just can't afford management fees. Thanks to Fred Pilot for the link.