What is a Capital Improvement? – Article by Robert M. DeNichilo

Many HOAs have language in their governing documents that act as a spending cap on capital improvement projects without member approval (often at 5% of the annual budget). However, the term “capital improvement” is often not defined. This often leads to confusion as to whether an expense requires member approval. “Capital improvement” is an accounting … Continue reading

Investing Association Reserve Funds – Article by Benjamin J. Hong, Esq.

In making investment decisions the Board should use its best business judgment to protect the association’s reserve funds. Always check your association’s governing documents first for any specific investment limitations that have been imposed on the Board. Absent such document specific limitations, the Board should be primarily concerned with the security of the funds and … Continue reading

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    Amber Property Management 27261 Las Ramblas, Suite 100 Mission Viejo, CA 92691 General email mark@amberpm.com and or tracey@amberpm.com Office (949) 429-5831 Fax (949) 429-5933