Dateline: San Francisco, CA - In what can only be described as an unprecedented level of homeowner association incompetence at the administrative level we have the case of the Presidio Homeowners Association located in the exclusive Presidio Heights neighborhood in San Francisco, CA. Couple Purchase Private Street in Exclusive Presidio Heights HOA The upscale HOA, … Continue reading HOA Blotter: August 8, 2017
This past week the CRC Report team was invited to Ketchum, ID to participate in a half-day seminar for HOA Board members and community leaders. The event was sponsored and hosted by our friends Tim Dublin and Tom Normand, the owners of GreatWest Property Management, a Boise, ID-based management firm which also serves the Ketchum-Sun … Continue reading Mid-Year Update: CRC Report
Dateline: Portland, OR - Just when you started to think it might be safe to go back in the water the HOA Detective spots a flock of buzzards feasting on another fresh HOA carcass...In this case the "carcass" was yet another hapless condominium association that had fallen victim to a cabal made up of several … Continue reading The HOA Blotter: June 11, 2017
If you have been following the HOA Detective blog for any length of time then you know that yours truly talks a lot about the importance of reserve planning and funding for homeowners associations. To quickly recap, the position of the HOA Detective is that reserve planning and funding of a reserve account is the … Continue reading 2020 and Beyond: Mandatory Reserve Funding…Really?
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