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Learn how Ed O’Connell and his HOA narrowly avoided a catastrophe and took action for the safety of their community.
✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/

In this episode, we sit down with Ed O’Connell to uncover how his HOA board averted a structural crisis in their 60-year-old condominium in Falls Church, Virginia. Ed walks us through how proactive management, quick decision-making, and clear communication with homeowners prevented a catastrophe like the one seen in Florida. From identifying structural issues to evacuating residents and securing funding for repairs, Ed and his team expertly navigated the situation, ensuring their HOA stayed out of the news. Tune in to hear about the importance of strong leadership, teamwork, and the strategies that allowed them to handle financial and insurance aspects effectively.

Contact Ed O'Connell: eoconnell@whitefordlaw.com

Chapters
00:00 A crises was averted thanks to the HOA
00:50 Introduction to Ed O'Connell
04:03 How Ed’s HOA spotted a potential structural disaster
06:29 Immediate actions and evacuation of the building
11:39 How Ed’s HOA dealt with rehousing people in his HOA
13:14 AD Break - Community Financials
13:56 How Ed’s HOA handled communication & coordination with owners
21:52 How Ed’s HOA handled the financial and insurance aspects
26:52 Final outcome and future considerations

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:
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Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to podcast@reservestudy.com

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Julie Adamen
https://www.linkedin.com/in/julieadamen/

Kevin Davis, CIRMS
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Feel like you’re treated differently by home owners in your community while you’re serving on an HOA board? You’re not alone
✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/

This week we get a listener question from Jennifer talking about how she felt HOA board members are looked down upon like “the bad guys”. Kevin and Robert tackle this question by reminding HOA board members it’s your fiduciary duty to make sure your community is financially healthy and is complying will all the rules. HOAs are a business and not a social club!

Chapters from the episode:

00:00 - A Big Problem Kevin Sees in HOA Insurance Claims
03:23 - Listener Question: How HOA Board Members Stop Being Seen as 'The Bad Guys'
07:25 - Upholding Rules Over Popularity
10:29 - Communicate & Don’t Hide as a Public Figure
17:21 - Ad Break - Association Reserves
17:53 - Education, Communication, and Leadership Skills for Board Members
24:22 - Mission Statements Help HOAs
27:22 - Updating Rules in Your HOA
29:58 - Treat Your HOA Like a Business, Not a Social Club

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 podcast@reservestudy.com

Nominate yourself or a Board Hero you Know!
Board Hero Nominations

Shop!
HOA insights now has its very own merch store! Our team has whipped up some hats, mugs, T-Shirts, & more that we think Volunteer HOA Boardmembers are gonna love. We also offer dozens of FREE zoom backgrounds. Available in our Boardmember Merch Store!

Connect with Hosts on LinkedIn

Julie Adamen
https://www.linkedin.com/in/julieadamen/

Kevin Davis, CIRMS
https://www.linked...

Send us a text

Join us on our LIVE as we talk about Fannie Mae, one most important names in the US housing market, and the Corporate Transparency Act. Both are now affecting your HOA in BIG ways.
✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/

Fannie Mae...Who exactly are they? How did they come to play such a huge role in helping Americans buy homes? And why are they at the center of the future of HOAs? Tune in live, October 10 at 3pm Pacific on our HOA Insights YouTube channel to learn more! Robert, Julie, and Kevin will also be breaking down the Corporate Transparency Act and how that is directly affecting your HOA.

Corporate Transparency Act Notes:

Compliance deadline: Dec 31, 2024. Compliance is a two step process:

1. Boardmembers should each personally get their own FinCEN (Financial Crimes Enforcement Network) ID here (will need photo ID such as passport or Driver's License).
2. Gather Legal name of the association, Federal Tax #, and FinCEN IDs of all boardmembers and go here to e-file a BOIR (Beneficial Ownership Information) Report.

Episode Chapters:

00:00 Corporate Transparency Act (CTA) Overview
06:45 Challenges and Compliance Strategies with the Corporate Transparency Act
14:19 Impact on Board Members and Associations with the Corporate Transparency Act
24:28 Fannie Mae and Freddie Mac Guidelines
33:42 Audience Questions and Closing Remarks

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 podcast@reservestudy.com

Nominate yourself or a Board Hero you Know!
Board Hero Nominations

Shop!
HOA insights now has its very own merch store! Our team has whipped up some hats, mugs, T-Shirts, & more that we think Volunteer HOA Boardmembers are gonna love. We also offer dozens of FREE zoom backgrounds. Available in our Boardmember Merch Store!

Connect with Hosts on LinkedIn

Julie Adamen
https://www.linkedin.com/in/julieadamen/

Kevin Davis, CIRMS
https://www.linked...