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065 | HOA Board Heroes: How to Manage Your HOA Like a Business
Description
Are you still thinking like a homeowner while you're on the board? Watch as we show you how to manage your HOA like a business!
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Your HOA is a community with real people, real finances, and real problems that need solutions. So what can you do as a board member to get ahead? It starts with changing your management mindset to fit a multi-million dollar business. Your are managing HUGE, EXPENSIVE assets. It's time to start treating your role as such and revamp your board. Learn the importance of full communication with all who are involved and affected by board decisions, assessments, and ignored deterioration. Take these tips with you to start managing your HOA like a business.
Chapters
00:00 Intro to How to Manage HOA Like a Business
02:52 Meet Kay & Her HOA
03:47 Why Be a Board Member
05:30 Best & Worst Parts of Being a Board Member
06:05 HOA Meeting Problems
07:07 California’s New HOA Water Use Law
08:17 Past Board Failures (Assessments & Reserves)
09:04 HOA Board Wins
11:35 Is Our HOA Funded Enough?
15:26 Restating 20yr Old Governing Documents
16:47 Communicate with Owners AND Tenants
18:21 The Best HOA Management Mindset
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