HOAleader.com - Tip of the Week

HOAleader.com - Tip of the Week - March 25, 2022

Published: Fri, 03/25/22

HOAleader Video: Crypto Is a Perfect HOA Investment, Right?

HOAleader.com - Tip of the Week - March 25, 2022

In this month's HOAleader.com video, we report on news we recently got from one of HOAleader.com's experts, Brad van Rooyen of Florida. It seems a board member at one of the HOAs Brad's company manages created a proposal for the entire HOA board advocating that the board invest the association's funds in cryptocurrency.

Click on the arrow below to hear a short clip in which Brad and another of HOAleader.com's experts—Alex Noland of California—explain whether investing in a vehicle that puts condo/HOA funds at risk is allowed or even wise. You'll also hear Brad explain how he reacted to the board member's suggestion, including the pushback he got when he tried to explain the risks of such a move.

HOAleader video tip of the week thumbnail

And don't miss the extended video article with Brad and Alex, where they explain how state laws and the business judgment rule factor into decisions about condo/HOA investments. They also talk about which associations need an investment policy and which might not.

Click here to view the full video interview.

Best regards,
Matt Humphrey
President

Upcoming Event

Ask Our Condo/HOA Experts Anything!

An Exclusive HOAleader.com Webinar
With Practical Tips for Condo and HOA Boards

Thursday, April 21, 2022
2:00-3:30 p.m. Eastern

Learn more or register now »

Members save $30!

Recent articles posted at HOAleader.com:

Courts Back HOA and Landlord in California and Michigan Dog-Bite Cases

A California court in Sunset Greens Homeowners Assn. v. Spagenski says an HOA has the right to demand an owner remove their dog from the community after the dog's repeated attacks on other dogs. And a Michigan court in Burling v. Skief, which involved a mobile home community and the landlord-tenant relationship, also prevented liability against the landlord...

Click here to read full article

Your Condo/HOA's Role in Fighting Climate Change

An HOAleader.com reader says, "Given the seriousness of the climate crisis, HOAs should be doing what they can to combat it." Here, we ask our experts what condos/HOAs are doing to make a difference, including whether solar energy systems and electric vehicle charging stations can be a part of the solution...

Click here to read full article

Nonprofit Offers Condos/HOAs a No-Cost Checkup

We recently reported on Association Reserves, a provider of reserve studies, and its plan to roll out what it calls Association Insights, a tool to allow condos and HOAs to upload their documents for sale to the public. It will also provide a sort of credit score assessing the association's financial, physical, and operational health...

Click here to read full article

Five Reasons Your Condo/HOA Can't Grant Memberships in Your Facilities to Nonmembers

Rarely do all the HOAleader.com experts we consult on a topic agree completely on a question we pose. Here, we answer a reader's question with a resounding, unanimous "don't do this!" from our experts...

Click here to read full article

Get your own copy!
Subscribe to the HOAleader.com Tip of the Week here

Please feel free to forward the *entire text* of this email to others.

Copyright 2022, Plain-English Media, LLC
(866) 641-4548
https://www.hoaleader.com