What is reserve planning and why is it important to the sustainability of a homeowner association (HOA)? Most people who purchase homes in HOAs have no idea what a reserve study is, or why it is important. In spite of the critical role reserve planning plays in the long-term sustainability of a common interest development … Continue reading Introduction to Reserve Planning
Dateline: University Park, WA - Breaking news from the Evergreen State... The HOA Detective has just learned that during the past week a University Park, WA condo owner was required to pay $295 to to the Association's management company to obtain the Condominium Resale Certificate that is required by state law in Washington. The Certificate … Continue reading HOA Blotter: January 27, 2018
Almost six years after the the first report was delivered, the founders of the CRC Report have completed the spin-off of their pre-purchase HOA due diligence service into a stand-along enterprise. The new company, CID Analytics, Inc. (CIDA), was registered with the state of Delaware in June of 2017. The spin-off became official on December … Continue reading CRC Report Spin-Off is Now Official
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 of the usual suspects. … 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?