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WestGate Properties is hired by Boards of Directors or property owners to act as their agent or representative with regard to a range of property management activities.  In order to manage multiple properties, the State of New Mexico requires that Property Managers be licensed real estate brokers and participate in regular continuing education classes in order to stay current on real estate law and practice.  WestGate Properties is skilled at providing multiple types of services:

Administrative:  WestGate organizes and attends owner and board meetings, maintains organization archives, resolves owner or tenant disputes, works with insurance companies, legal and accounting professionals and prepares mailings and notices.

Financial:  WestGate prepares budgets, pays bills, collects rents and dues, prepares delinquency reports, income/expense statements, budget reports, balance sheets and the full range of bookkeeping services.

Maintenance: With a large stable of contractors developed over many years of managing Santa Fe properties, WestGate can perform all types of routine maintenance services as well as infrastructure upgrades.  WestGate can also coordinate remediation and restoration projects following casualty losses.  Check our links page for a vendor list.

Consulting:  Westgate Properties provides fee based consulting services to address specific, short term challenges that face owners and boards.


How Community Association Homes are Different:  Three features make community association homes different from traditional forms of homeownership. One is that you share ownership of common land and have access to facilities such as swimming pools that often are not affordable any other way. The second is that you automatically become a member of a community association and typically must abide by covenants, conditions, and restrictions (CC&Rs). The third feature is that you will pay an "assessment" (a regular fee, often monthly, that is used for upkeep of the common areas and other services and amenities).

There are many advantages to living in this kind of development. The community usually features attractive combinations of well-designed homes and landscaped open spaces. The houses may even cost less than traditional housing due to more efficient use of land. Parks, pools and other amenities, often too expensive for you to own alone, can be yours through shared ownership. So now you have a chance to own and enjoy the pool, tennis court, or other recreational facilities that may have been unaffordable previously. What's more, you won't have direct responsibility for maintenance, so you won't have to clean the pool, fix the tennis nets, and you may not even have to mow your lawn. But that doesn't mean you'll never have to think about it.

The community association operates and maintains these shared facilities. Of course, you'll pay your share of the expenses and, as an association member, you'll have a voice in the association's decisions. The association may have one of a variety of names: homeowners association, property owners association, condominium association, cooperative, common interest community, or council of co-owners. To simplify matters, they are all frequently referred to using the umbrella term, community association or CA.

 

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