059 | Big HOA Trends (Get Ready for the Future of HOAs!)

25/06/2024 29 min Temporada 1 Episodio 59
059 | Big HOA Trends (Get Ready for the Future of HOAs!)

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Episode Synopsis

Send us a textWhat are the biggest HOA trends you need to know about? Get ready for the future of HOAs as we discuss proactive measures, risk management, and maintaining community associations to ensure their longevity and success!  ✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/❗JOIN OUR LIVE STREAM JULY 8th! 👉  https://www.youtube.com/live/9oouClT3fYQ In Episode 59 of HOA Insights, join Kevin Davis and Robert Nordlund as they explore the big trends and future of HOAs. They emphasize proactive measures, risk management, and maintaining a safe and secure environment. Learn about budgeting, strategic planning, reserves, and practical legal advice to navigate HOA governance. Discover the latest HOA trends, the importance of taking care of association assets, fostering neighborly relationships, and addressing midlife challenges of community associations. Don't miss their valuable insights on the need for proactive management and change adaptation to ensure longevity and success. Get ready for the future of HOAs!Chapters From Today's Episode: 00:00 - The Midlife Crises of HOAs01:48 - Take Part of Our Live Stream Ask Us Anything!03:38 - Audience Question from Sarah05:07 - Importance of Community Living07:20 - Three Key Responsibilities of Board Members09:56 - Managing Aging Associations11:50 - Informed Board Members Make Better Decisions15:03 - Preparing for Aging Residents17:47 - Importance of Reserves and Maintenance Plans19:42 - Addressing Advanced Deterioration and Financial Issues20:43  - Ad Break - Association Reserves 22:30 - Borrowing Money and De-Conversion Options25:52 - Realities of Aging Associations27:10 - Closing ThoughtsPodcast Links:Full Episode ListWatch On YoutubeEngage in the conversation! Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to [email protected] yourself or a Board Hero you Know!Board Hero NominationsBoardmember Merch Store!Connect with Hosts on LinkedInJulie AdamenKevin Davis, CIRMSRobert Nordlund, PESupport Our SponsorsAssociation Insights & MarketplaceAssociation ReservesCommunity FinancialsKevin Davis Insurance ServicesStokelight Video & MarketingThe Inspectors of Election