07 Mar President Joe Farinelli Featured in UT San Diego
Looking for a new home? Be sure to do your research before joining a HOA-managed community. Walters President Joe Farinelli recently shared his 30 years of management experience with UT San Diego. Here’s what he believes are the biggest pros and cons of joining a HOA:
“A homeowners association has a defined set of standards and regulations that either you’ll agree with or not. You want to be sure the house you’re buying is in a community that has similar standards as yours, and has rules and regulations you can live with,” said Joe Farinelli, president of Walters Management, who has managed HOAs in San Diego for more than 30 years.
Farinelli stresses the importance of reading the covenants, conditions and restriction (CC&Rs) before closing escrow.
“You’ll either view the CC&Rs as protective covenants helping to maintain your neighborhood, or as restrictive nuisances diminishing your enjoyment of the neighborhood,” he said. If you can’t see yourself conforming to all the rules, then that home might not be for you. But Farinelli also notes that there are many benefits to a HOA-managed community.
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President Joseph Farinelli has been a leader in the community and property management industry for more than 30 years. With experience in apartment management and commercial portfolios, Mr. Farinelli has honed his specialization in community association management where his attention has been for the past 25 years. With Walters Management, he is responsible for overall performance and operations with a focus on company growth. He has obtained the Community Associations Institute® prestigious industry credential of Professional Community Association Manager®, Institute of Real Estate Management® credential of Certified Property Manager® and the California Association of Community Managers℠ certification as a Certified Community Association Manager®. Mr. Farinelli’s commitment to improving the industry has been applauded numerous times by the San Diego Chapter of CAI® as he has been the recipient of its 2005 Recruiter of the Year Award, 2002 President’s Award and 2000 Speaker of the Year Award. He has previously served on the Professional Standards Committee and Board of Directors for the California Association of Community Managers℠ as well as the Association of Professional Community Managers Board. He also served on the national faculty for CAI®. Originally from Los Angeles, Mr. Farinelli is a graduate of San Diego State University.