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....
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