We have a Builder still holding 3 seats on our HOA Board. They don't share financials often and we all worry about the "reserves" because we have a "due from Declarant" of a large size. The neighbors want me to talk to them about the issue. So, at my second board meeting I did. The President and Management company said not to be so concerned about the large sum due because they are working out a repayment plan yet I have no specifics and it has been several months.
These videos are very helpful. I live in Maryland and we have a new community just getting the board started. the information will definitely help. Can I get a copy of the budget spreadsheet you mention. Thanks, Ron
Glad it was helpful! You can find the Cheat Sheets on our website mulcahylawfirm.com. Search for Roles and Responsibilities under the Cheat Sheet tab. Thank you.
We have a Builder still holding 3 seats on our HOA Board. They don't share financials often and we all worry about the "reserves" because we have a "due from Declarant" of a large size. The neighbors want me to talk to them about the issue. So, at my second board meeting I did. The President and Management company said not to be so concerned about the large sum due because they are working out a repayment plan yet I have no specifics and it has been several months.
This is one of the best presentations I have watched on this topic. Thank you!
Thank you.
We are moving in a newly build community this will help me as well.
Damn good video! We never think that the Property management company could steal funds because that would ruin their whole business forever, right?!
These videos are very helpful. I live in Maryland and we have a new community just getting the board started. the information will definitely help. Can I get a copy of the budget spreadsheet you mention. Thanks, Ron
Glad it was helpful! You can find the Cheat Sheets on our website mulcahylawfirm.com. Search for Roles and Responsibilities under the Cheat Sheet tab. Thank you.
Can your resources be used across states? Can you post a link in your description please?
Beth: Can you address potential financial crisis and how best to handle that? Joyce
Hi Lynn: We will address this in an upcoming video. Stay tuned! Thanks!
What is the name of your company, where are your company located?
Mulcahy Law Firm, P.C.
3001 East Camelback Road, Suite 130
Phoenix, Arizona 85016
www.mulcahylawfirm.com
Phone: 602-241-1093
Fax: 602-264-4663
Conflict of interest.
Do u have a video on what board member can do when board member themselves have $ issue with prior HOA board?
😯😁