Capturing the Pulse of the Homeowners Association Industry

The Online Community of the Community Association Industry

Insurance companies are more than doubling their premiums or no longer covering homeowner associations in portions of Long Island, because of the threat of storm damage.

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A reform bill has been signed by Gov. Rick Scott that will affect how HOAs operate and will help control some bad business practices by developers and homeowners associations.

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The author of this article lists the many things to accomplish before a new homeowner gets settled into their new place.

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A homeowners association is frustrated because the banks are not foreclosing quickly enough leaving properties to remain empty and some in a damaged state.

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A resident of Park Avenue Condominium Association, Inc. fell and broke her hip and elbow when she was hit by the rotating door.  A Court of Appeals found that the resident failed to prove the door was a hazard and that the door was working improperly.

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Rogue board members can be difficult to deal with.  The author offers suggestions for dealing with and redirecting a difficult board member.

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Tuesday, 25 June 2013 17:00

Oil and Water Don't Mix!

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A community’s roads, parking lots, and driveways are one of their most expensive assets.  Asphalt pavement has an anticipated life expectancy of 25 to 27 years.  The actual duration of the pavement surface is directly related to how well it is designed (in terms of release of storm water and traffic load design), constructed (installed per design specifications), and maintained (ongoing maintenance).  Assuming that the first two components were completed correctly, the ongoing maintenance will play an exclusive role in the overall life.

Tuesday, 25 June 2013 17:00

Preparing For IRS Audits of an HOA

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Why audits happen for Homeowner Associations

Most audits come through referrals or projects. The IRS does not conduct many random audits.

Residents of a homeowners association have been attending city council meetings to request that the city take responsibility to clear their sidewalks during the winter.  The city hesitates due to cost but the residents pay city taxes and feel it is the city's responsibility.

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The mother of a teenager who died, was ordered to remove the makeshift memorial that was built at the site of his death.  Within 48 hours a resident of the homeowners association wanted the items removed.

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