HOAleader.com - Tip of the Week - October 27, 2017
Published: Fri, 10/27/17
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How to Dig Out When Your HOA Has Been Mismanaged
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In this week’s tip, we answer a reader’s “where do we start” question.
Specifically, an HOAleader.com reader wants to know the best way for a new
board and management company to dig their HOA out after replacing a board and
management company that for 10 years were “asleep at the wheel.”
Among the concerns: The board is afraid to act or communicate with members
for fear of liability. There’s no directors and officers insurance.
Nonowners are half the complex, and the bylaws don’t really address their
concerns. Delinquencies were resolved by the new board by brute force, not
legally.
That idea that the board is afraid to communicate with members has to go
first.
“Communicating is the best way to improve association operations,”
insists Lisa Magill, of counsel at Kaye, Bender & Rembaum in Pompano Beach,
Fla., who advises Florida community associations. “I’d encourage the
board to host open town-hall type meetings solely for the purposes of
introducing themselves to the owners and residents and listening to the
current concerns. But that’s just the first step.”
James R. McCormick Jr., a partner at Peters & Freedman LLP in Encinitas,
Calif., who represents associations, has been hired by associations in
this very position, and he’s thinking along the same lines.
“Really, the best advice I can provide to those types of boards is be as
transparent as you can,” he says. “Also hire the best management and legal
team to help get you through this. If your community is in this much turmoil,
you’ll have legal challenges.”
That’s just a general recommendation. Find out the specific steps boards
should take in our new article:
https://www.hoaleader.com/members/3624.cfm
Best regards,
Matt Humphrey
President
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Recent articles posted at HOAleader.com:
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What To Do When You've Inherited a Hot Mess of an HOA
An HOAleader.com reader wants to know the best way for a new board and
management company to dig their HOA out after replacing a board and
management company that for 10 years were "asleep at the wheel."
Click here to read full article:
https://www.hoaleader.com/members/What-Do-When-Youve-Inherited-Hot-Mess-HOA.cfm
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Make Your Job Easier: Say Yes to an HOA Board Code of Conduct
Even the most conscientious board members can become stumped on how to
proceed in difficult situations and uncharted territory. And let's face
it: Some board members might be embarrassed to ask for advice for fear
they'll look uninformed or even because they're afraid others might get the
wrong impression about their intentions.
You can help your HOA board
avoid that type of situation by providing guiding principles for board
members' conduct.
But what should go in your board code of conduct?
Join us for an in-depth webinar on November 16 led by two community
association lawyers who advise boards every day on the proper and wisest
conduct for all parties who operate within an HOA.
Click here to read full article:
https://www.hoaleader.com/products/hoa-board-code-of-conduct-a.cfm
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How to Serve as an HOA Board Member When You Have Ownership Concerns, Too
In this week's tip, we commiserate with you about how hard it is to be both an
HOA board member and an owner in your community. We know it's hard to balance
your role as a board member with that of being an HOA owner, and that can
sometimes lead to uncomfortable situations even when that's not your
intention.
Click here to read full article:
https://www.hoaleader.com/members/How-Serve-as-HOA-Board-Member-When-You-Have-Ownership-Concerns-Too.cfm
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7 Scenarios: Are You an HOA Board Member or an Owner? Or Both?
It's hard to balance your role as a board member with that of being an HOA
owner, and that can sometimes lead to uncomfortable situations even when
that's not your intention.
Click here to read full article:
https://www.hoaleader.com/members/7-Scenarios-Are-You-HOA-Board-Member-or-Owner-Or-Both.cfm
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How to Protect Yourself and Your HOA from the Neighborhood Sociopath
Run into any owners or residents who show contempt for and consistently
disregard your HOA's rules? One in 25 people is a sociopath, or a person who
regularly exhibits asocial or antisocial behavior. Sociopaths look like
your everyday neighbors, but they can be scary and intimidating--and they
can turn your HOA into a battleground. Learn how to wisely and safely handle
the most difficult owners and residents you'll ever face, led by two
community association experts with decades of hands-on experience in
advising associations.
Click here to read full article:
https://www.hoaleader.com/products/hoa-neighborhood-sociopath-b.cfm
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