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

Posted by AmberPM on July 22, 2011 · Leave a Comment

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 →

Filed under Board of Directors, Community Manager, investments, Learning Tools · Tagged with Amber Property Management, Association, board of directors, buisness judgement, certificates of deposit, Civil code 1365.5, deposit, FDIC, Homeowner Association, interest, investments, liquidity, Orange County Property Management, preservation of principle, Property Management, reserve, reserve funds, return

The importance of having assessments – Article by By Doug Ward, CCAM, CMCA, AMS of Amber Property Management

Posted by AmberPM on May 13, 2011 · Leave a Comment

Assessments are a necessity for common interest developments to conduct business. Simply put, without the assessments, the community cannot operate. Assessments, commonly improperly referred to as dues, are generally collected on a monthly basis by either a monthly billing reminder or a coupon book provided by the community’s management company. These amounts vary from community … Continue reading →

Filed under Board of Directors, Learning Tools, Maintenance, Q & A · Tagged with Amber Property Management, assess, billing, budgeting, business, common interest, condominiums, department of real estate, fiscal responsibility, maintain reserves, operating expenses, Orange County Property Management, planned unit development, proper budgeting, Property Management, reserve, Reserve Study, special assessment

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YOUR CLAC UPDATE
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  By Martha Fogg, recipient of the 2018 Duncan McPherson Scholarship Award I attended the CAI/CLAC Legislative Day in Sacramento over the weekend. The experience, education and information was invaluable. Sessions began on Sunday through part of Monday. There are more than 33,000 CAI members and over 60 chapters worldwide. CAI tracks Federal and State legislat […]
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HOA INSURANCE
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  Water damage claims can be very expensive to deal with, cause untold frustrations and have the potential for a living nightmare within your HOA complex. While you cannot prevent every possible situation where water can cause damage; here's a list of simple steps every association can take to reduce/eliminate many causes of water damage issues.Washing ma […]
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Investing Association Reserve Funds – Article by Benjamin J. Hong, Esq.

The importance of having assessments – Article by By Doug Ward, CCAM, CMCA, AMS of Amber Property Management

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