HOA Spending Limits - changing the way the board of directors spend the members' money скачать в хорошем качестве

HOA Spending Limits - changing the way the board of directors spend the members' money

Get the BOOK with steps you need to begin fixing the issues at your Community: Find it here on Amazon: https://a.co/d/bstVOrv HOA Steps to Preventing Theft, Embezzlement, and Fraud: Tackling the National Financial Criminal Crisis in Condominiums and HOAs Is your association involved in a lawsuit or litigation? Has your legal counsel been able to find an Expert Witness for the case? Does your board need some guidance? ... possibly an evaluation of the systems in place? When was the last time your community's operations and procedures were reviewed? Is your community association experiencing problems? Is it possible an expert can come and help restructure overall management? Have there been disagreements between owners and directors? Are you part of a new Board that needs help in understanding the previous board's actions and need a plan for the future of your community? Do you represent a legal firm or insurance carrier that needs an expert opinion or testimony? Are you and attorney or insurance carrier seeking an inspection of the internal controls presenting potential liability? Here are four red flags that may cause you to believe you have a legitimate claim that points to Fraud or Theft in your community: Improper Behavior by Director(s) • Dictator-like attitude, rude, mean, and will not listen to owners’ concerns. • President or Director that hides information from other board members. Is this attitude an old behavior pattern that can be improved or is it deceptive governance? Can education help them? Board certification courses? Lack of Transparency • Not adhering to state laws for posting documents online (state laws will differ) • Board refuses to share financials, contracts, bids, proposals, and other important documents. • Not providing owners with access to documents when formally requested (state laws will differ) Resistance to using Professional Resources • Not going to legal counsel for advice or legal opinions • Not going to the accountant for advice / performing audits • The board claims the expenses for professionals are too high or not necessary. • Management services are contracted at a minimum or not at all. • Will not listen to management’s advice on procedures. Small Management Companies • Usually overwhelmed with too much to handle for their business model. • Reports are usually inadequate. • Many smaller companies lack experienced managers and leaders. • Small companies may not have the capital to invest in the best software for their clients. Note: Some larger companies may also be so busy they cannot hold their managers accountable. These are just a few of the red flags that may arise at your community association. While there may be a perfectly good explanation for the existence of one or two items above, if you have several of these situations simultaneously, you may have to dig a little deeper. The investigation process is tedious, and most homeowners have no one to turn to. Crimes are difficult to prove in associations due to the civil and volunteer framework for the governance. A few states however, like Florida, have very active legislation in place and new laws are generate every year. If your state’s oversight for community management is lacking, look at some of Florida’s statutes (FSS 718 and 720). They may provide guidance for governance in your neighborhood. Feel free to reach out to me with any questions if you feel I can help you improve operations. If you represent a legal firm or insurance carrier with a case or lawsuit, I may be able to assist you with details regarding operations and expected industry standards. See more at www.HomeownerAssociationConsulting.com Most condo and hoa associations need a little help. A little professional guidance goes a long way. Many of management companies out there are stretched thin and cannot keep up with the quality of service that homeowners demand. Do you have questions about some of the operations at your community? Do you suspect fraud, theft, impropriety? If so, you're not alone. You may not have all the facts and information you need to determine the real truth. Do you need help in comparing what your situation is now compared to the way it should be? Please go to my site and view all videos and articles that can further educate you. www.homeownerassociationconsulting.com or the easy way to remember www.CondoDetective.com Feel free to send me an email with your questions. I can help board members, groups of homeowners, attorneys prep for trial, expert witness work, and general strategy consulting work. Also, if your association is involved in a legal case where the attorney needs an expert witness, have them drop me a line.