039 | HOA Board Heroes: Special Assessment Success!

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This week’s HOA Board Hero dealt with 60 crumbling concrete balconies and successfully navigated and managed an HOA special assessment!
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This episode, featuring expert insights from Roger Minch, sheds light on successful strategies for managing and overcoming the challenges of special assessments in homeowner associations. When Roger’s association was faced with over 60 crumbling concrete balconies and almost a million dollar special assessment, they navigated the waters calmly and cooly with positive results!
Chapters from today's episode: Special Assessment Success!
00:00 What Makes HOA Special Assessments Successful
02:09 HOA Board Hero Introduction - Roger Minch
06:24 What led to Roger’s Building’s Special Assessment
09:18 Condo Balcony Repairs & The Special Assessment
14:00 Ad Break - Association Reserves
14:33 How a Bad Thing can be a Good Thing
17:12 How Roger’s Board Dealt With the Special Assessment With Owners
26:30 What Happened to the Home Values After the Assessment?
29:01 Why a Reserve Study is So Important

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Chapters

1. What Makes HOA Special Assessments Successful (00:00:00)

2. HOA Board Hero Introduction - Roger Minch (00:02:09)

3. What led to Roger’s Building’s Special Assessment (00:06:24)

4. Condo Balcony Repairs & The Special Assessment (00:09:18)

5. Ad Break - Association Reserves (00:14:00)

6. How a Bad Thing can be a Good Thing (00:14:33)

7. How Roger’s Board Dealt With the Special Assessment With Owners (00:17:12)

8. What Happened to the Home Values After the Assessment? (00:26:30)