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Should HOA board keep income in reserves or operating account?

Our board is taking the reserve part of the assessment every month and leaving in the operating fund to build up the money. The board is doing this in preparation for a loan to put new roofs and siding on. I think it should be that you build the...

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Neighbor's construction causing breathing problems. Board is no help.

My neighbor whose apartment is below mine has been doing a major renovation for several months. The dust in my apartment makes the air unbreathable for us. I have been staying in hotels without complaining as I have asthma and allergies and my...

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HOA pet questions

Question 1

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HOA accounting: can we move funds into reserves?

Is moving funds from fund balance to reserves permitted by Condo (718) in Florida?

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When will my association get notified I am in foreclosure?

When does a condo board or condo management find out that a unit is in foreclosure with the bank? I will be foreclosed on at some point but I make all HOA payments on time.

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Can we pursue condo developer for misrepresenting costs?

We took over a new condo building from the developer about six months ago.  Now its apparent the financials the developer left us with were not correct.  The budget is very short of what we will need as the bills are bigger and not all were...

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Do all HOA directors need to sign legal documents?

 

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Where can small condo association get a loan?

We are an 11 unit condo association in Virginia and can not find a $34,000 loan.  Where can we go?  

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How much should a legal review of bylaws cost?

We are in Denver and want a lawyer to review our bylaws to make sure they are up to date with things like short term rentals, cannabis consumption and other things that have changed in the world since our bylaws were created 35 years ago.   We were...

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