081 | Debunking the “HOAs Are Inexpensive & Carefree" Myth

25/11/2024 34 min Temporada 1 Episodio 81
081 | Debunking the “HOAs Are Inexpensive & Carefree" Myth

Listen "081 | Debunking the “HOAs Are Inexpensive & Carefree" Myth"

Episode Synopsis

Send us a textThink HOAs are carefree & inexpensive? Join Robert & Julie as they course-correct this common HOA myth, highlighting communication tips & financial realities.✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/Are you under the impression that HOAs are inexpensive and carefree? Think again. In this episode, we challenge this common HOA myth and provide practical strategies for board members and homeowners to improve understanding and engagement.Julie Adamen and Robert Nordlund emphasize the importance of consistent communication, tools like welcome packets, and new homeowner orientation sessions. They discuss strategies for promoting transparency, educating homeowners about association finances, and using AI-powered short videos to enhance community communication. Learn why board member visibility and accessibility are key to fostering trust and why consistent communication is essential to bridge gaps in understanding.———Chapters00:00 The HOA Stereotype Isn’t True 03:18 Listener Question - How to Curb Homeowner’s Thoughts That HOAs are Inexpensive04:40 Clarifying the Non-Profit Nature of Community Associations08:50 Effective Communication and New Homeowner Orientation14:02 The Tradeoffs of Being in a “Carefree” HOA That Isn’t “Free”21:58 Ad Break - Community Financials 22:29 What Board Members Can Do to Help New Owners Understand the Costs of Associations 29:20 Long-Term Efforts to Change PerceptionsPodcast 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