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Older HOAs face unique challenges that you might not be used to dealing with. Learn how aging associations can rebuild trust, handle rising costs, and plan for the future!
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Are older HOAs facing bigger problems? In this episode of HOA Insights, Robert Nordlund and Kevin Davis discuss the realities of aging associations. Older HOAs can face rising insurance rates and special assessments to trust issues between boards and homeowners. Learn how, as a board, clear communication, transparency, and attitude can restore confidence and help navigate the financial and structural challenges of aging communities!

Chapters:

00:00 Why are older HOAs facing bigger problems today?
00:47 What inspired this discussion on aging associations?
03:50 What challenges do older HOAs face with insurance and maintenance?
06:49 How do low assessments create long-term issues?
08:20 What is the “badge of honor” mentality for HOA boards?
10:49 How has trust between boards and homeowners changed since COVID?
15:11 How do recalls and board conflicts affect associations?
19:22 Why do costs and inflation hit older HOAs harder?
22:05 Ad Break - PiPhO Score
22:36 How can boards rebuild trust through communication?
24:10 Why is kindness and empathy key in board communication?
27:02 How do generational differences affect HOA culture?
29:25 What can HOAs do if members can’t afford repairs?
30:33 Why are board transitions important for healthy associations?
33:55 How does new leadership renew a community’s direction?
35:13 What’s the most important word for aging HOAs to remember?

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.

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