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#1. Experience
Your potentially failing neighborhood golf course becomes a serious property-value issue for everyone golf player or not. The dilemma is the sometimes amazingly quick decline in residential property values - thousands lost in the value of your residence based on the rumor! Then, when the golf course closes it will become a varmint infested weed patch - making life miserable and even dangerous - especially those along fairways.
As soon as you hear the rumor, golfer or not, you need to contact the Golf Rescues Team. Write to me immediately, mike@golfmak.com.
The Golf Rescues Team brings over 150 years of hands-on golf and residential course business experience to your homeowner association. The GolfRescues Team members, Mike Kahn, Bill McIntosh, and Cameron White are among the most experienced in residential golf courses to analyze any type of neighborhood golf course – private, semi-private, public – anywhere in North America.
CLOSED GOLF COURSES ARE A SORRY MESS
Closed golf courses with unsightly tall weeds everywhere will very quickly become habitats for rats, skunks, coyotes, snakes, wild hogs, and fire ants. Not only that, but in Florida, the Sheriff of Alachua, Florida reported a spike in neighborhood crime lead by home invasions after the Turkey Creek golf course closed (2010).
WORSE: YOUR PROPERTY VALUE CAN PLUMMET
Don't take our word for it. Follow this link to a story about homeowner property values in failed golf courses.
- "Local 6 checked with Orlando Realtor Association to see the impact of closed golf courses on home sales."
- "Sabel Point closed in 2006. Single-family homes sold for nearly $400,000 before the course closed. In 2011, prices dropped to $215,000."
- "Condos overlooking the course sold for $225,000 while the course was still open. In 2008, those same condos dropped to $60,000. In 2010, prices were lowest at $30,000."
Here's a link to more about the failing neighborhood golf course dilemma.
START WITH FEASIBILITY
The key is to find out whether it is feasible for your HOA or POA to acquire its neighborhood golf course. Conversely, you need to learn what may happen if the golf course closes? How will it affect our property values? What happens to our neighborhood?
READ THIS IMPORTANT ARTICLE, "What's an HOA to Do When the Golf Club is Failing" By Michelle F. Tanzer, Esq.
michelle.tanzer@gray-robinson.com
If it is feasible for the neighborhood to acquire the golf course what next? You'll need to learn how to manage the golf course. You may have it managed by a third-part management company, or manage it via your own golf course board of directors. We show how to establish the correct board portfolios to more easily oversee the asset and the business - forever. We can also help you determine whether it will be easier to have the golf course managed by a third-party golf course management company.
If it's decided that a golf management company should oversee the golf course, we can help the HOA/POA select the most appropriate management firm.
This short passage below comes from website, GolfAdvisor, in particular;
Golf Life Navigator: "James, what is the fundamental purpose of an HOA in most club communities?"
James Schumaker: "This could be a very long answer, but, in short, the purpose is to govern the association per their rules and regulations and protect the value of the residences and community." James Schumaker is senior vice president of the Castle Group.
To get there, the Kahn, McIntosh, White team can lay out all the information your homeowners' association needs to make a decision. Start now. Write to, mike@golfmak.com.
See this: https://www.youtube.com/watch?v=iwTyCqr9BSc
Every golf course development is different. Therefore, strategies that solved one neighborhood may not work for another. Your community team needs all the facts before taking any course of action. The GolfRescues team of Mike, Bill, and Cameron will gather and lay out all the information in front of your community feasibility committee. Only then can an appropriate strategy be planned and implemented.
- Our goal is always to save beautiful golf course communities from unnecessarily failing – especially when there are ways to preserve them not just now – but forever.
#2. Analyze
You need information, a proper analysis, before any course of action can be taken.
Every golf course community is different.
- The type, age, and components of the golf course,
- the condition of the clubhouse, its kitchen, washrooms, roof, offices, point-of-sale (POS) system, infrastructures, etc.,
- Those are just some of the variables. A proper analysis will make evertythings clear.r.anquet halls,
- the number of residences bordering the golf course fairways,
- area residential real estate property values,
- the average age of the community residents.
Those are just some of the variables. A proper analysis will make most decision-making issues more clear.
Golf Rescues conducts a complete analysis of the golf course, its components, its neighborhood, its marketplace, even its management behavior. We carefully review its financial statements and P&Ls. Our physical review is thorough. We uncover or at least raise suspicion of deferred or neglected issues that could elude a laytsman. We especially learn the golf courses' relationship with its neighborhood.
Once we have a clear picture of the current condition of the golf course and its neighborhood we can recommend appropriate strategies. Get started! Write to, mike@golfmak.com.
#3. Plan a Sensible Course of Action
NOW, WHAT DO WE (HOMEOWNERS) DO?
Once the GolfRescues team has completed its golf course and neighborhood analysis we prepare a report that may include recommendations. Keep in mind that a strategy that may have been successful for one neighborhood may not work for another. The strategy adopted for your neighborhood may well be unique to your particular set of circumstances. As no two golf courses or golf course neighborhoods are exactly alike, the final strategy will be appropriate for your neighborhood.
We try to lay it all out in a manner to avoid conflict between neighbors - almost always golfers vs non-golfers. Eventually, everyone will become reasonably familiar with how to look after greens, fairways, swimming pools, tennis courts, clubhouses, etc. After all, an oversight board of directors must be formed - made up of fellow homeowners - whether you manage the golf course yourselves or use a third-party management company.
That’s what GolfRescues will help you accomplish. You cannot adopt a plan without the proper information.
START WITH A SEPARATE FEASIBILITY COMMITTEE
The process begins with the formation of a feasibility committee. This committee must be made up of ordinary neighborhood homeowners – golfers and non-golfers and can even include HOA board members, but this group should be independent from the regular HOA board. Often apparent is the disagreement between the golfers and non-golfers. The task is to help all parties address a mutual interest - the value, and the integrity of the neighborhood.
The GolfRescues team approach is to help establish a permanent golf course community. The key is eliminating the uncertainty of the future. After all, the value of your residential property depends on a reliable and secure future. If our findings and advice is followed successfully, the neighborhood can go on with life for generations without uncertainty and fear of losing property value because of a failing backyard golf course. Write to, mike@golfmak.com.
KEEP IN MIND: Sometimes a golf course is impossible to sustain. If that's the case, that will be in our report. However, it's not the end of the world. We can also suggest or recommend other uses for abandoned golf course fairways.
SHORT-TERM SOLUTIONS ONLY PROLONG THE HEARTACHE
Communities may try to solve the failing backyard golf course problem with a band-aid strategy that is only temporary. Hoping some white knight will come by and buy the golf course and run it successfully is not the answer. The failure rate or incompetence of golf course 'dreamers' runs pampant in the golf course industry. Instead, you need hard-nosed golf business people on your team. Write to, mike@golfmak.com to get started.
History indicates a strong chance of failure due to a lack of knowledge and understanding by many golf course investors. Therefore, a bandade solution may take only a few short years before the heartaches start all over again. GolfRescues proposes solutions that will be fail-safe virtually forever. Safe enough that your neighborhood can endure virtually forever.
We work with your homeowner’s association (HOA/POA) to secure, and worry-free future is our mission.
Write to, mike@golfmak.com to get started.