The Many Names For Theft Inside Your HOA: Part TWO

Last week we covered: the kickback, overbilling, expense padding, volunteer compensation and underreporting income. In the final installment of this two-part series, we continue highlighting common examples of how HOA’s can unwittingly be stripped of their monies: Overreporting expenses. Owners should beware when financial statements show an exaggerated amount for recurring regular monthly expenses. For example, […]

The Many Names For Theft Inside Your HOA: Part ONE

In this two-part series, we will highlight common examples of how associations can unwittingly be stripped of their monies: The kickback. This widespread act of dishonesty is one of the most prevalent forms of embezzlement because it is extremely difficult to spot. Kickbasks can occur in any association – large or small, self-managed or professionally […]

FL HOA (Poinciana) Attempting to Become a Municipality

The HOA, Association of Poinciana Villages (FL), wants to become a city. In fact, a group of residents have been attempting to become a municipal corporation for several years. Poinciana Incorporate Now Citizens Home Organization (PINCHOS) has completed a feasibility study submitted to Florida Legislature in August. It seems as though the large subdivision of […]

PARScore® FINE-TUNED TO EVALUATE CONDO ASSOCIATIONS & HOAs BETTER (Pt. II)

Is your condominium, or the one you are planning to buy, up to PAR? With the condominium market now reviving in Chicago, the Private Association Rating report, or PARScore®—a  high-tech data-driven analytics process that helps condo buyers evaluate their home purchase in advance—is becoming more and more popular among consumers. “The PARScore® is similar to […]

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