A loss run report may be one of the least known components of an HOA’s insurance policy. However, this report can be the costliest of almost all other factors affecting the expenses of an HOA. Being that a loss run report can cost your HOA many thousands, if not hundreds of thousands, of dollars if…
The topic of HOA message boards comes up from time to time. Usually this arises at a board meeting or during the HOA’s annual membership meeting. What precipitates this topic is the concern about communication within the HOA. A message board (also known as a discussion group, discussion forum, discussion board, and online forum)…
Bank loans may be a consideration when HOAs look to secure funding for a capital improvement or an emergency repair. While many times loans are viewed in a negative light as taking on debt, loans can grant breathing room to an HOA with budgetary constraints. Sound reason and judgment should be exercised in taking on…