Send us a text

Think 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.

———
Chapters
00:00 The HOA Stereotype Isn’t True
03:18 Listener Question - How to Curb Homeowner’s Thoughts That HOAs are Inexpensive
04:40 Clarifying the Non-Profit Nature of Community Associations
08:50 Effective Communication and New Homeowner Orientation
14:02 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 Perceptions

The views & opinions expressed in this program are those of the Hosts & Guests, intended to provide general education about the community association industry. The content is not intended to provide specific advice or recommendations for any individual or organization. Please seek advice from licensed professionals.

Podcast Links:
Full Episode List
Watch On Youtube

Engage in the conversation!

Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to podcast@reservestudy.com

Nominate yourself or a Board Hero you Know!
Board Hero Nominations

Shop!
HOA insights now has its very own merch store! Our team has whipped up some hats, mugs, T-Shirts, & more that we think Volunteer HOA Boardmembers are gonna love. We also offer dozens of FREE zoom backgrounds. Available in our Boardmember Merch Store!

Connect with Hosts on LinkedIn

Julie Adamen
https://www.linkedin.com/in/julieadamen/

Kevin Davis, CIRMS
https://www.linked...

Send us a text

See how HOA Invest simplifies management of your HOA reserves and boosts your financial security!
✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/
Get in Contact with HOA Invest: https://hoainvest.com/

Investing in your HOA reserves doesn’t have to be complicated. In this episode, Jessica McConnell and Mark Thatcher from HOA Invest share how their innovative service helps community associations manage and grow their reserve funds effortlessly. From opening a Schwab brokerage account to optimizing investment strategies, HOA Invest takes on fiduciary responsibility to ensure your funds are safe and generating the best possible returns. Whether you're a small self-managed association or a large community, learn how to avoid FDIC limits, streamline financial management, and make the most of every dollar. Don’t miss this insightful discussion on how to maximize your HOA’s reserve fund investments!
———
Chapters

00:00 Having Someone on Your Side
02:30 Introduction to Jessica McConnell & Mark Thatcher From HOA Invest
04:02 Why Jessica and Mark started HOA Invest
07:00 How HOA Invest shares the fiduciary responsibility with board members
08:23 Two risks when buying fixed income
10:34 HOA Invest’s Team
11:58 How to open an account with HOA invest
19:04 HOA Invest’s ease of use for the busy managers
21:42 Ad Break - HOA Invest
22:20 The Safety of HOA Invest
24:26 How HOA Invest keeps you under the FDIC insured limits
26:18 Can small HOAs work with HOA Invest?

The views & opinions expressed in this program are those of the Hosts & Guests, intended to provide general education about the community association industry. The content is not intended to provide specific advice or recommendations for any individual or organization. Please seek advice from licensed professionals.

Podcast Links:
Full Episode List
Watch On Youtube

Engage in the conversation!

Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to podcast@reservestudy.com

Nominate yourself or a Board Hero you Know!
Board Hero Nominations

Shop!
HOA insights now has its very own merch store! Our team has whipped up some hats, mugs, T-Shirts, & more that we think Volunteer HOA Boardmembers are gonna love. We also offer dozens of FREE zoom backgrounds. Available in our Boardmember Merch Store!

Connect with Hosts on LinkedIn

Julie Adamen
https://www.linkedin.com/in/julieadamen/

Kevin Davis, CIRMS
https://www.linked...

Send us a text

Learn how communities can take control of rising HOA insurance costs with some simple steps!
✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/

Are rising HOA insurance premiums stressing your board? You may have more control than you realize! In this episode of HOA Insights, Kevin Davis and Robin Manougian delve into effective strategies for controlling HOA insurance costs and minimizing risks. They explore key factors, including the importance of proactive maintenance, budgeting for reserves, and understanding the broader impact of catastrophic losses on the insurance market. Learn how to secure the best possible rates by maintaining a healthy balance sheet and educating board members on their responsibilities.
———
Chapters

00:00 What Insurance Brokers Are Looking for in HOA Communities
00:49 Introduction to Robin Manougian
03:55 Why is Insurance So High?
09:18 Insurance Carriers Are Panicking
10:45 What HOAs Can Do to Lower Insurance Costs
13:35 Risk Mitigation With Updated Utilities
17:35 Reserve Studies and Keeping Insurance Rates Low
20:10 Maintenance and Asset Deterioration
23:42 Ad Break - Association Reserves
24:24 What’s Next for HOA Insurance
26:51 Expected 2025 Insurance Premium Increases
28:33 Top Concerns for HOA Insurance
30:34 The Uncertain Future of Condominiums
32:55 Positive News for Associations

The views & opinions expressed in this program are those of the Hosts & Guests, intended to provide general education about the community association industry. The content is not intended to provide specific advice or recommendations for any individual or organization. Please seek advice from licensed professionals.

Podcast Links:
Full Episode List
Watch On Youtube

Engage in the conversation!

Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to podcast@reservestudy.com

Nominate yourself or a Board Hero you Know!
Board Hero Nominations

Shop!
HOA insights now has its very own merch store! Our team has whipped up some hats, mugs, T-Shirts, & more that we think Volunteer HOA Boardmembers are gonna love. We also offer dozens of FREE zoom backgrounds. Available in our Boardmember Merch Store!

Connect with Hosts on LinkedIn

Julie Adamen
https://www.linkedin.com/in/julieadamen/

Kevin Davis, CIRMS
https://www.linked...