076 | Keep your HOA Out of the News! Courage and Communication Matters

21/10/2024 30 min Temporada 1 Episodio 76
076 | Keep your HOA Out of the News! Courage and Communication Matters

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Episode Synopsis

Send us a textLearn how Ed O’Connell and his HOA narrowly avoided a catastrophe and took action for the safety of their community.  ✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/ In this episode, we sit down with Ed O’Connell to uncover how his HOA board averted a structural crisis in their 60-year-old condominium in Falls Church, Virginia. Ed walks us through how proactive management, quick decision-making, and clear communication with homeowners prevented a catastrophe like the one seen in Florida. From identifying structural issues to evacuating residents and securing funding for repairs, Ed and his team expertly navigated the situation, ensuring their HOA stayed out of the news. Tune in to hear about the importance of strong leadership, teamwork, and the strategies that allowed them to handle financial and insurance aspects effectively. Contact Ed O'Connell: [email protected]:00 A crises was averted thanks to the HOA  00:50 Introduction to Ed O'Connell 04:03 How Ed’s HOA spotted a potential structural disaster 06:29 Immediate actions and evacuation of the building  11:39 How Ed’s HOA dealt with rehousing people in his HOA  13:14 AD Break - Community Financials  13:56 How Ed’s HOA handled communication & coordination with owners  21:52 How Ed’s HOA handled the financial and insurance aspects 26:52 Final outcome and future considerationsPodcast 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