California struck gold, receiving the biggest chunk of a special $1.5 billion federal fund pie for programs that target struggling homeowners in states hardest hit by the housing crash.
If you are like most Americans, your largest asset may very well be your real estate holdings, whether they be a primary residence or rental properties. In fact, for many homeowners along the coasts, their income is made through the sale and rental of coastal properties.
The phrase "absentee landlord" in a homeowner association context conjures up images of the "tenant from hell" and an owner who could care less. However, generally speaking, both the landlord and tenant want the highest and best returns on their investments. What benefits the homeowner association will also benefit them.
