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 March of 2016 the Community Associations Institute (CAI) released a White Paper titled: Community Next: 2020 and Beyond - The Association Governance Model Panel Report....
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
House Resolution 4696, which has been tagged with the politically palatable moniker, Helping Our Middle-Income Earners (H.O.M.E.) Act, is being touted by industry insiders as a piece of consumer-friendly legislation to help beleaguered homeowners who just so happen to live in HOAs. According to the party line these poor, over-burdened homeowners are being subjected to … Continue reading H.R. 4696: Unfair Tax Treatment Under The Law
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 Studies: The Importance of Objectivity