065 | HOA Board Heroes: How to Manage Your HOA Like a Business

05/08/2024 21 min Temporada 1 Episodio 65
065 | HOA Board Heroes: How to Manage Your HOA Like a Business

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Episode Synopsis

Send us a textAre you still thinking like a homeowner while you're on the board? Watch as we show you how to manage your HOA like a business! ✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/Your HOA is a community with real people, real finances, and real problems that need solutions. So what can you do as a board member to get ahead? It starts with changing your management mindset to fit a multi-million dollar business. Your are managing HUGE, EXPENSIVE assets. It's time to start treating your role as such and revamp your board. Learn the importance of full communication with all who are involved and affected by board decisions, assessments, and ignored deterioration. Take these tips with you to start managing your HOA like a business.Chapters00:00 Intro to How to Manage HOA Like a Business02:52 Meet Kay & Her HOA03:47 Why Be a Board Member05:30 Best & Worst Parts of Being a Board Member06:05 HOA Meeting Problems07:07 California’s New HOA Water Use Law08:17 Past Board Failures (Assessments & Reserves)09:04 HOA Board Wins11:35 Is Our HOA Funded Enough?15:26 Restating 20yr Old Governing Documents16:47 Communicate with Owners AND Tenants18:21 The Best HOA Management MindsetPodcast 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