HOAleader.com - Tip of the Week - February 24, 2023
Published: Fri, 02/24/23
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HOAleader.com - Tip of the Week - February 24, 2023
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We recently wondered: Are we being punked?
We don't think so, but an HOAleader.com reader's recent question certainly made us wonder.
That question is essentially: Our president and treasurer want to hire a construction company for a community project that uses foreign workers, has no workers' compensation insurance, and says if there are injuries, the company will pay for an emergency room visit, then escort the worker out of the country.
The management company wants to be indemnified for this decision, and the board member who wrote in is troubled.
Nope, no red flags flying here!
In this week's tip, we begin the discussion over what this board member can do to avoid personal liability for an on-its-face outrageous decision.
"This sounds like a bad idea all around," says Alessandra Stivelman, who is board-certified in condo and planned development law and a partner at Eisinger Law in Hollywood, Fla. "Why fly in workers from California? And will this company comply with local building codes?
"It's possible this company is trying to provide opportunities to these workers and is somehow doing good, and the board and treasurer want to support that effort," she adds. "Or is the association getting a really cheap deal that comes with a lot of risk?
"It sounds like the latter if your management is telling you no, other board members are telling you no, and your lawyer will probably tell you no," Stivelman concludes.
Read about the many reasons our reader is absolutely right to want no part of this plan, along with what that board member can do to stop this runaway train, in our new article: https://www.hoaleader.com/members/4661.cfm
Best regards,
Matt Humphrey
President
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Recent articles posted at HOAleader.com:
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Is Your Community Doing Too Much About Crime? [HOAleader.com Video]
In this week's tip, we use an HOAleader.com reader's question to offer a general warning about inadvertently increasing your association's liability. Our reader's community is trying out a neighborhood watch app and asked the HOAleader.com Discussion Forum if there are other apps they should consider for "members of the community to report concerns relating to safety."
Click here for more:
https://www.hoaleader.com/members/Your-Community-Doing-Too-Much-About-Crime-HOAleadercom-Video.cfm
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HOAleader Video: What to Know Before Adopting a Crime App for Your Community
A reader's recent question gave us pause. Our reader explained that they're on a three-month trial of a neighborhood watch app. They asked us if there are alternatives for "members of the community to report concerns relating to safety."
Click here for more:
https://www.hoaleader.com/members/HOAleader-Video-What-Know-Before-Adopting-Crime-App-for-Your-Community.cfm
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Who Can and Can't Serve on Your Homeowners Association's Board of Directors?
Even if you struggle to get enough owners to agree to serve, your governing documents and your state's law likely require you to be choosy about whom you allow to sit on your board. Here's a primer on the best and worst people to serve on your board...
Click here for more:
https://www.hoaleader.com/members/Who-Can-Cant-Serve-on-Your-Homeowners-Associations-Board-Directors.cfm
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Condos/HOAs May Be Able to Jump Into Latest Investment Craze
In this week's tip, we ask our experts if your association can invest funds in series I savings bonds and ask if they believe a reader's investments are wise. I bonds are government backed bonds currently offering a return of nearly 7 percent—an interest rate pretty hard to find anywhere else today...
Click here for more:
https://www.hoaleader.com/members/Condos-HOAs-May-Be-Able-Jump-Into-Latest-Investment-Craze.cfm
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I Bonds Are Hot -- Can Your Condo/HOA Invest In Them?
Series I saving bonds are government backed and currently offering a return of nearly 7 percent—an interest rate pretty hard to find anywhere else today. And that's actually down from 9 percent interest last fall...
Click here for more:
https://www.hoaleader.com/members/I-Bonds-Are-Hot-Can-Your-Condo-HOA-Invest-In-Them.cfm
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