Time for Change: The HOA Board’s Neglect of Its Fiduciary Duty in Management Contracts

For more than a decade, our HOA Board has failed to review or rebid our management contract, allowing the same management company to remain in place without competition. Over this period, the “company’s fees have increased year after year—without proper member notification-” yet the quality of service remains widely criticized by homeowners. This is a…

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The HOA Board’s Risky Financial Moves: What They Aren’t Telling You

The HOA Board recently unveiled their plan to “balance the budget”—but their solution is reckless and deceptive. Instead of properly managing expenses, they have decided to drain our reserve funds—$400,000—and invest it in risky Schwab accounts. This locks the funds from use for unexpected expenses like a recall election. What your Vice President / Treasurer…

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