066 | Sleepless Nights: Avoiding Costly HOA Lawsuits

HOA Insights: Common Sense for Common Areas

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Wanting to avoid costly HOA lawsuits? Today we’re giving some expert tips on financial planning, governance, and effective communication to help your community associations!
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So you’ve heard of these costly HOA Lawsuits… Maybe your community has already gone through one. Well, today we hope we can help (and prevent) these scenarios from happening! Kevin Davis and Sherry Branson break down the critical steps homeowners associations must take to avoid costly lawsuits. From understanding fiduciary duties to dealing with deferred maintenance, this conversation highlights the importance of financial planning, clear communication, and strong governance. Learn how selective enforcement can lead to legal issues and why maintaining transparency with homeowners is key. If you're a board member or involved in HOA management, these insights could save your community from financial headaches and help build a more harmonious environment!
Chapters From This Episode:
00:00 Things that get an HOA in trouble…
02:36 Pressing trends & issues facing HOAs for larger lawsuits
03:53 Breach of Fiduciary Duty Claims
07:58 Problems come into play for HOAs when it comes to deferred maintenance
13:51 Selective Enforcement - You’re gonna have a bad time
19:13 Ad Break - FiPhO Score
19:45 Tips to deal with financial issues and reducing a claim size
26:18 Communication Tips for HOAs (Stop these issues before they happen!)

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Julie Adamen
https://www.linkedin.com/in/julieadamen/
Kevin Davis, CIRMS
https://www.linkedin.com/in/kevin-davis-98105a12/
Robert Nordlund, PE
https://www.linkedin.com/in/robert-nordlund-pe-rs-5119636/
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פרקים

1. Things that get an HOA in trouble… (00:00:00)

2. Pressing trends & issues facing HOAs for larger lawsuits (00:02:36)

3. Breach of Fiduciary Duty Claims (00:03:53)

4. Problems come into play for HOAs when it comes to deferred maintenance (00:07:58)

5. Selective Enforcement - You’re gonna have a bad time (00:13:51)

6. Ad Break - FiPhO Score (00:19:13)

7. Tips to deal with financial issues and reducing a claim size (00:19:45)

8. Communication Tips for HOAs (Stop these issues before they happen!)
 (00:26:18)