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082 | HOA Board Heroes: Delivering Value & Protecting Your HOA's Investments
Description
Pam Home, a dedicated HOA board member, shares creative ways to save money, engage homeowners, and protect investments
✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/
Pam Home, an exemplary HOA board member at Union Terrace Cooperative, proves what it means to be a true board hero. In this episode, Pam dives into the importance of reserve studies and explains how following them can help avoid special assessments. She shares innovative methods she’s used to save money for the community, including acquiring free plants and decorative fencing from nearby construction sites. Pam also discusses the challenges of engaging homeowners, her experience with hybrid board meetings, and the value of professional property management. Union Terrace Cooperative operates with a $300,000 annual budget and a reserve fund currently at 30%, and Pam is on a mission to improve those numbers.
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Chapters
00:00 PAY ATTENTION to Your Reserve Study
01:25 Introduction to HOA Board Hero Pam Home
02:25 What First Motivated Pam to Join Her HOA & Her First Experiences
05:35 The Special Talents Pam Brings to Her HOA Board
09:17 Pam’s Experience Recruiting Board Members
11:34 Ad Break - Kevin Davis Insurance Services
12:03 How Pam’s HOA Conducts Their Meetings
15:20 What’s Keeping Pam’s HOA Motivated
18:04 How She Communicates With Her Board to Resolve Conflicts
19:33 Pam’s HOA Annual Budget
22:16 Pam’s Thoughts on the Value of a Professional Property Manager
24:47 Pam’s Closing Thoughts for Board Members
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