by Sterling Jenkins | Apr 20, 2016
Why does social media so frequently go sour in HOAs when it works great in most non-HOA neighborhoods? Can the problem be solved? Or should community associations just avoid social media altogether? These problems can be resolved and the risks can be mitigated. If done right, social media can be the best way to communicate in your community. Read More...
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by Burke Nielsen | Apr 14, 2016 |
If you’re considering buying a home in a condo or HOA, chances are you have some preconceived ideas about what that means. Some of those ideas may be true and some may not. The truth is, every community is unique, with a different set of benefits, problems, and rules that affect how you enjoy your new home. So, what do you really need to know, and how can you find out before it's too late? Read More...
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by Craig Huntington | Apr 6, 2016
With the recent stress in the financial market, many boards and property management companies are beginning to more closely monitor the insurance of their funds. For many years now, leaders in the HOA banking and auditing industry have stressed the importance of following established laws and adhering to their fiduciary responsibility that governs the insurance of these funds, and the recent financial stresses further emphasize this need. One of the most widely accepted and valuable tools for ensuring full insured funds are a program called CDARS. Read More...
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by Khirzel | Mar 31, 2016 |
While technology has many advantages, the internet and social media has led to a decline in human interaction between neighbors. For as little as $0.99, anyone can create a website. Many homeowners associations are behind the times and have not yet created their own HOA website, let alone registered for a HOA website domain name. Accordingly, when neighbors are not neighborly, and tempers flare, the creation of a dissident website (fake HOA website) using the name of the homeowners association is becoming an increasing popular way for members to voice their dissatisfaction. What should a homeowners association do when this happens? Read More...
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by Victoria Cohen | Mar 23, 2016 |
The purchase and annual renewal of the Master Insurance policy for most homeowner associations (HOAs) is probably the quickest and least understood decision an HOA board makes each year. Lincoln Cummings of Cummings & Associates related a story about board members who unlawfully approved a reduction of insurance coverage, to save money, before a catastrophic fire caused $1 million more damage than the reduced policy covered, which resulted in a $100,000 personal judgement, on appeal, against each board member. Protect yourself, and protect your association, by hiring a qualified insurance broker who can advise your community based on the needs, trends, and threats that exist for your distinctive community, and then follow their advice. Read More...
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