055 | What Happens When You File An HOA Insurance Claim?

[@Sand24]

When the managing agent, board member and a friendly vendor are involved, its hard to prove it with way it's done through miscellaneous work with no itemized invoices.

[@lenderbradford]

One problem today is when HOA management companies do not communicate or appear to be hiding things.

[@cryptosam5016]

Our HOA had a bid for asbestos removal for 100k and instead took one for 200k because the contractor was friends with the hoa member, he left the board after that because he felt he was getting sued by people who saw that as fishy. Now there is few funds left on the claim to do the rest of the work needed.

[@reservestudies]

There will always be bad apples acting selfishly. Leaving the board doesn't prevent anyone from being sued. We created the podcast to encourage and equip boardmembers towards behavior that builds the association up, for the benefit of the property values of ALL owners!

[@susanmusleh1]

Have the BOD sign an affidavit they nor the management company they are not getting kickbacks, nor are being compensated in any way. Also have every BOD member sign audits, invoices, Foreclosures and checks.

[@reservestudies]

Again, transparency and communication are hallmarks of a well-functioning board. Keep the homeowners informed, with nothing to hide. We're going to "sing that song" on the podcast over and over again!

[@susanmusleh1]

Or make fair banking laws stick to management companies. Now they skirt any responsibility of accountability, given banking isn't their primary business. How are homeowners protected especially if the management company nor BOD is legally responsible?

[@brianhulse4527]

Instead of ridiculing the owners who have concerns, it would be better to acknowledge the responsibility of Management/HOA board to help the owners prove or disprove their suspicion. Owners cannot "get the facts" because the HOA Board and Management control the information and reports. There should never be a doctored report, for any reason. Management cannot decide to conceal any information. If the owners have doubts it is because the Management/HOA board has not kept them informed, with simple to understand reports and proactive explanation of any financial change/charge that is not self-evident. If the Management is "falsely accused" it is because the owner accuser was not proactively provided with complete clear information refuting the claim.

[@lenderbradford]

I Agree. And the management company threatens to sue you. Adding insult to injury, because they are using the HOA money.

[@reservestudies]

Transparency and communication are hallmarks of a well-functioning board. Keep the owners informed, with nothing to hide. We're going to "sing that song" over and over again!

[@brianhulse4527]

If the Management is accused of misappropriation of funds by the owners, the board had not been a well-functioning board. The video mocks the owners and threatens them, the victims of a possible crime, with counter-suit and libel. The Management clearly was not transparent, nor proactively communicating with the worried owners. Not being aware of the owners' concern and not nipping it in the bud allowed it to escalate. Owners did not wake up one day and decide to sue. It was out done of frustration with the insufficient response from the Management. The HOA Board works for the Owners, the Management Company works for the HOA board.

[@susanmusleh1]

WTFudge... Embezzlement happens. It's not the homeowners responsibility. It's the BODs responsibility.