Dateline: Portland, OR - This weeks' round-up of HOA horror stories includes the case of a 22 unit, single-building condominium in the Portland area that was forced to levy a special assessment to pay for exterior building renovations after 37 years of under-funding its reserve account. While it is true that many HOAs end up … Continue reading The HOA Blotter: May 7, 2017
In a previous post we introduced the readers to the paradigm-changing panel report published by the Community Association's Institute (CAI) in March 2016. The report titled Community Next: 2020 and Beyond is, in many ways, a ground-breaking change in the HOA management industry's stance on a number of issues that impact how HOAs are governed. … Continue reading Community Next: Mandatory Reserve Funding and Beyond…
Why is it important that the reserve study be prepared by an impartial, third-party provider? This is a question that many reserve study providers would just as soon not have to answer. It is also one that the industry itself has chosen to address in only a passing manner by requiring that the reserve study … Continue reading Reserve Planning: The Importance of Objectivity
In March of 2016 the Community Associations Institute (CAI) released a White Paper titled: Community Next: 2020 and Beyond - The Association Governance Model Panel Report....
As many industry insiders have known for some time, Kansas City Star reporter Judy Thomas has been working on an investigative report about homeowners associations and the abuse of power that can occur when HOAs are left to their own devices with little if any regulatory oversight. Ms. Thomas spoke with the HOA Detective some … Continue reading Kansas City Star Reporter Judy Thomas Exposes HOA Abuses
A rogue wave is a wave in the ocean that does not have the same characteristics as a normal ocean wave. Typically they are much larger than a normal wave; occur unpredictably and do not behave like a normal wave. As a result the rogue wave can wreak havoc and destruction on nearby boats and … Continue reading Rogue Boards & The Wall of Silence
Admittedly, it's been a while since the HOA Detective touched on this topic, but that's not because yours truly hasn't been busy. To the contrary, the number of buyers purchasing homes in HOAs, and condominiums in particular, seems to be never-ending. In our quest help shine the light of day on the pitfalls of homeowners … Continue reading Because You’re Buying More Than A Home: Part V