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Posted By KerryL1 on 08/28/2021 5:23 PM
The more I see today from Max, the more I realize what gawdawful accounts he has:; Candidates lie on their candidate statement. Boards know virtually nothing about their reserves. Most directors are basically deadwood and on & on. (Sure that there often is one piece of deadwood on our Board, but never most.) Max's opinion of his clients (and his sophomoric remarks here--which he thinks are "zingers") tells me that he simply is unable to get "good" accounts.
None of his experiences are true in my HOA and, so far as I know, some neighboring HOAs. In our 3 reserve studies, we have about 120 components. I know most of them. Other newer directors know a lot about them. We all know our % funded. We have an onsite study done every three years as recommended by our reserve firm, a major actor actor in the field of reserves. And offsites done all other years. The certified analyst gets his info from the PM and from the building engineer. On this 3rd year, which is this year, he also met with the Board and walked part of the premises with some of us. We directors know that our % funded will drop for '22 since the analyst is adding components not previously in our main study. We will discuss, deliberate and debate all of this in an open meeting soon and prepare the '22 budget. We will accept most, but perhaps not all of the analyst's recommendations
Our treasurer is required to chair our Finance Committee. There always is at least one other director on it. Whether, with a PM, the secretary takes notes, the treasurer actually writes financial reports, etc., depends entirely on the HOA's contract with the MC. Ours is for full service, so our officers do not do those things. As a Board we concentrate on policy, planning for the future, seeking cost savings, coming up (at the moment) with ways to retain our security officers, interviewing 5 engineering firms early next week to see if we're getting the best service for the best price. We also are in the process of beginning to rehab our 300+ balconies after a year of inspections by our architect. Tuesday, at an open meetings, we probably will accept some pricing on rehabbing our two lobbies and our 44 residential hallways. We need to see numerous owners' opinions & remarks and opinions on them, which directors received today. We rewrote Election Rules and our Bylaws last year and are almost finished with our 100+ page CC&Rs restatement.
The above isn't to pat our Board on the back but to show that there probably afire plenty of boards that are full of hard-working, honest, resourceful and knowledgeable volunteers. This Forum is to be a "positive" place for community leaders to share ideas and learn. Slamming directors does not help anyone achieve that goal.
Maybe tomorrow, I'll finally get to "attributes" of a good president, imo. That is, if I'm not too scared of Augie.
Please point out exactly where I said any candidate LIED on their candidate statements. There is a different in being authentic or geninue an actually lying. Hell, I even gave you candidate statements from people running for governor in YOUR state as a comparsion to what we receive.
Exactly what are you referring to with in regards to " not able to get good accounts"? What is a good account in your eyes. All mine can opay their bills, including mine (that's a must), have low receivables, relatively good reserves, get their annual disclosures on time, all have updated reserve studies, all have annual financial reviews, all have web portals with current association information including minutes and financials. Please explain what your definition of a "good" account so maybe I can change my marketing strategies to get your type of account.
I'm semi-retired and my daughter runs the day to day operation. I started this company late in life, and after leaving Countrywide. I turned down a GM job with your management company 10 years ago, because of turnover rates, I would only do it as an employee of the associatuon, not the MC. So, no I don't manage high rises and I don't have any association where dues are $1200.00 a month.
Onsite reserve studies are not a recommendation by your major actor actor in the field of reserves, they are a requirement of Civil Code. Now the statue does say doing a diligent visual inspection, but most of us take that as a onsite inspection.
There are almost 400,000, if not more, HOA's in the United States. You gave your side of your HOA and I gave my side of mine, plus accounts I have dealt with in 13 years. Rather than saying there are good Boards, I'll say there are good individuals volunteering their time helping their neighbors out. While you state this forum mission, providing a positve place to share, who comes here, people who have problems with their HOA. How many have come here and state that HOA's are the greatest thing since apple pie. Whar dio some here offer as help, you have no case, hire a attorney or you're not qualified to be a board members because you have no idea how to read your governing documemnts and state statues.