Unexpected expenses arise; deferred maintenance occurs; life happens. When life happens to an association it usually happens on a large scale. This can leave an association scrambling for funds. While there are several funding options such as increases in annual assessments, one-time special assessments, use of reserves funds, or a bank loan, not all optionsGo to Newsletter
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Homeowner association foreclosures have been the target of reform legislation since the 2022 session due to the highly publicized (and criticized) situation in Green Valley Ranch in 2022. House Bill 22-1137 specifically targeted HOA collection and foreclosure procedures with the alleged aim of keeping people in their homes and preserving equity. These legislative changes causedGo to Newsletter
Parking is a never-ending issue in many communities, especially those located in cities or high-volume tourist areas. Towing unauthorized vehicles is one option, but many associations do not wish to remove owners’ property from the community. Vehicle immobilization, which includes but is not limited to, booting and installation of barnacles and wheel clamps, is anotherGo to Newsletter
Without assessments, community associations would be unable to function. Boards of directors have a duty to collect assessments from owners to ensure their associations can operate. While the issue of delinquent homeowners is largely unavoidable, associations can set themselves up for success when collecting late assessments by following best practices and avoiding common pitfalls. UpdateGo to Newsletter
There are several universal best practices I find myself repeating over and over in discussions with managers and Board Members. The following are the top 10 points that I suggest all Boards consider. As you are navigating delinquent balances, keep the following pointers in mind: 10. Don’t throw good money after bad. Most of theGo to Newsletter