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Content provided by Hosts: Robert Nordlund, Kevin Davis, Julie Adamen, Hosts: Robert Nordlund, Kevin Davis, and Julie Adamen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Hosts: Robert Nordlund, Kevin Davis, Julie Adamen, Hosts: Robert Nordlund, Kevin Davis, and Julie Adamen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
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125 | The Cost of Financial Mistakes for HOAs

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Manage episode 509084451 series 3470637
Content provided by Hosts: Robert Nordlund, Kevin Davis, Julie Adamen, Hosts: Robert Nordlund, Kevin Davis, and Julie Adamen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Hosts: Robert Nordlund, Kevin Davis, Julie Adamen, Hosts: Robert Nordlund, Kevin Davis, and Julie Adamen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Send us a text

Could one bad financial mistake ruin an entire HOA? Find out!

✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/
Robert and Kevin explain the real costs of financial mistakes for HOAs. From missing reserve accounts to late financial reports, they show why every board member must understand their association’s numbers. Topics include transparency, teamwork, building trust, and creating defensible positions when facing owners or lawsuits. Make sure your HOA isn’t prone to financial mistakes that could cost homeowners thousands!
Chapters From Today's Episode:
00:00 Why financial mistakes erode trust in HOAs
02:20 Why every board member must understand financials
06:00 What does it mean to be in a defensible position?
08:15 How small mistakes can snowball without oversight
11:50 Why communication and transparency build trust
14:21 How teamwork keeps boards financially healthy
16:16 What hidden costs come from financial mistakes?
18:54 Ad Break - FiPho Score
19:39 What are the three key roles of every HOA board?
23:39 Why owners demand accurate and timely financials
26:12 How to learn from experts without creating distrust
28:57 What to do when financial reports arrive late or wrong
31:28 Why honesty and openness keep boards protected
The views & opinions expressed in this program are those of the Hosts & Guests, intended to provide general education about the community association industry. The content is not intended to provide specific advice or recommendations for any individual or organization. Please seek advice from licensed professionals.

Podcast Links:
Full Episode List
Watch On Youtube
Engage in the conversation!

Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to [email protected]
Nominate yourself or a Board Hero you Know!
Board Hero Nominations
Boardmember Merch Store!

Connect with Hosts on LinkedIn
Julie Adamen
Kevin Davis, CIRMS
Robert Nordlund, PE
Support Our Sponsors
Association Insights & Marketplace
Association Reserves
Community Financials
Kevin Davis Insurance Services
Stokelight Video & Marketing
The Inspectors of Election

  continue reading

Chapters

1. Why financial mistakes erode trust in HOAs (00:00:00)

2. Why every board member must understand financials (00:02:20)

3. What does it mean to be in a defensible position? (00:06:00)

4. How small mistakes can snowball without oversight (00:08:15)

5. Why communication and transparency build trust (00:11:50)

6. How teamwork keeps boards financially healthy (00:14:21)

7. What hidden costs come from financial mistakes? (00:16:16)

8. Ad Break - FiPho Score (00:18:54)

9. What are the three key roles of every HOA board? (00:19:34)

10. Why owners demand accurate and timely financials (00:23:39)

11. How to learn from experts without creating distrust (00:26:12)

12. What to do when financial reports arrive late or wrong (00:28:57)

13. Why honesty and openness keep boards protected (00:31:28)

126 episodes

Artwork
iconShare
 
Manage episode 509084451 series 3470637
Content provided by Hosts: Robert Nordlund, Kevin Davis, Julie Adamen, Hosts: Robert Nordlund, Kevin Davis, and Julie Adamen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Hosts: Robert Nordlund, Kevin Davis, Julie Adamen, Hosts: Robert Nordlund, Kevin Davis, and Julie Adamen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Send us a text

Could one bad financial mistake ruin an entire HOA? Find out!

✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/
Robert and Kevin explain the real costs of financial mistakes for HOAs. From missing reserve accounts to late financial reports, they show why every board member must understand their association’s numbers. Topics include transparency, teamwork, building trust, and creating defensible positions when facing owners or lawsuits. Make sure your HOA isn’t prone to financial mistakes that could cost homeowners thousands!
Chapters From Today's Episode:
00:00 Why financial mistakes erode trust in HOAs
02:20 Why every board member must understand financials
06:00 What does it mean to be in a defensible position?
08:15 How small mistakes can snowball without oversight
11:50 Why communication and transparency build trust
14:21 How teamwork keeps boards financially healthy
16:16 What hidden costs come from financial mistakes?
18:54 Ad Break - FiPho Score
19:39 What are the three key roles of every HOA board?
23:39 Why owners demand accurate and timely financials
26:12 How to learn from experts without creating distrust
28:57 What to do when financial reports arrive late or wrong
31:28 Why honesty and openness keep boards protected
The views & opinions expressed in this program are those of the Hosts & Guests, intended to provide general education about the community association industry. The content is not intended to provide specific advice or recommendations for any individual or organization. Please seek advice from licensed professionals.

Podcast Links:
Full Episode List
Watch On Youtube
Engage in the conversation!

Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to [email protected]
Nominate yourself or a Board Hero you Know!
Board Hero Nominations
Boardmember Merch Store!

Connect with Hosts on LinkedIn
Julie Adamen
Kevin Davis, CIRMS
Robert Nordlund, PE
Support Our Sponsors
Association Insights & Marketplace
Association Reserves
Community Financials
Kevin Davis Insurance Services
Stokelight Video & Marketing
The Inspectors of Election

  continue reading

Chapters

1. Why financial mistakes erode trust in HOAs (00:00:00)

2. Why every board member must understand financials (00:02:20)

3. What does it mean to be in a defensible position? (00:06:00)

4. How small mistakes can snowball without oversight (00:08:15)

5. Why communication and transparency build trust (00:11:50)

6. How teamwork keeps boards financially healthy (00:14:21)

7. What hidden costs come from financial mistakes? (00:16:16)

8. Ad Break - FiPho Score (00:18:54)

9. What are the three key roles of every HOA board? (00:19:34)

10. Why owners demand accurate and timely financials (00:23:39)

11. How to learn from experts without creating distrust (00:26:12)

12. What to do when financial reports arrive late or wrong (00:28:57)

13. Why honesty and openness keep boards protected (00:31:28)

126 episodes

All episodes

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