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
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....