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066 | Sleepless Nights: Avoiding Costly HOA Lawsuits
Manage episode 433790060 series 3470637
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!
✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/
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!)
Podcast Links:
Full Episode List
Watch On Youtube
Engage in the conversation!
Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to podcast@reservestudy.com
Nominate yourself or a Board Hero you Know!
Board Hero Nominations
Shop!
HOA insights now has its very own merch store! Our team has whipped up some hats, mugs, T-Shirts, & more that we think Volunteer HOA Boardmembers are gonna love. We also offer dozens of FREE zoom backgrounds. Available in our Boardmember Merch Store!
Connect with Hosts on LinkedIn
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/
Support Our Sponsors
Association Insights & Marketplace
https://www....
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)
71 פרקים
Manage episode 433790060 series 3470637
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!
✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/
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!)
Podcast Links:
Full Episode List
Watch On Youtube
Engage in the conversation!
Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to podcast@reservestudy.com
Nominate yourself or a Board Hero you Know!
Board Hero Nominations
Shop!
HOA insights now has its very own merch store! Our team has whipped up some hats, mugs, T-Shirts, & more that we think Volunteer HOA Boardmembers are gonna love. We also offer dozens of FREE zoom backgrounds. Available in our Boardmember Merch Store!
Connect with Hosts on LinkedIn
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/
Support Our Sponsors
Association Insights & Marketplace
https://www....
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)
71 פרקים
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