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Are Your HOA’s Funds Being Properly Handled and Invested?

Are Your HOA’s Funds Being Properly Handled and Invested?

by Lawrence Szabo, Esq. | May 31, 2017 | Finances, Managing Agent

The management and operation of a homeowners association (“Association”) results in the Association coming into possession of large sums of funds to cover operating expenses and HOA reserves. Over a period of time, the reserve for HOA funds can grow to a very large...
Procedure to Investigate the Background and Qualifications of a Service Provider

Procedure to Investigate the Background and Qualifications of a Service Provider

by Lawrence Szabo, Esq. | Apr 26, 2017 | Managing Agent

A Guide for Homeowners’ Association Members and Management Personnel Selecting a third party “Service Provider” to provide goods and services to your homeowners association is a common task for your management personnel.  Service Providers are...
Accounting Assistant Steals $148,000 from HOA by Setting Up Company with a Similar Name

Accounting Assistant Steals $148,000 from HOA by Setting Up Company with a Similar Name

by Lawrence Szabo, Esq. | Apr 1, 2017 | Finances, Managing Agent

The Real Deal, a South Florida real estate news provider, has reported that a former accounting assistant in Miami-Dade has been arrested and charged with first-degree grand theft and organized crime to defraud more than $50,00 from a condo association. The report...
Class-Action Lawsuits are Being Filed Against HOAs for Charging Excessive Fees

Class-Action Lawsuits are Being Filed Against HOAs for Charging Excessive Fees

by Lawrence Szabo, Esq. | Nov 22, 2016 | Dispute Resolution, Finances, Managing Agent

The Miami Herald has reported the filing of a class-action lawsuit against a homeowners association for allegedly violating Florida’s state laws governing the maximum amount that a homeowners association can charge for transfer fees in connection with the sale or...
Does Your Homeowners Association Have a Website?

Does Your Homeowners Association Have a Website?

by Lawrence Szabo, Esq. | Jun 30, 2016 | Managing Agent

In this age of technology and the growing integration of the internet into so many aspects of routine living, more and more homeowners associations are discovering the benefits of establishing internet websites for their community. Such websites provide homeowners...
Is Your HOA Board Fulfilling Its Responsibilities In Connection With Hiring a Property Management Company

Is Your HOA Board Fulfilling Its Responsibilities In Connection With Hiring a Property Management Company

by Lawrence Szabo, Esq. | Mar 8, 2016 | Managing Agent

It is commonplace for homeowners associations to retain outside property managers to assist in the management responsibilities of the association. The process of selecting and retaining the right property manager involves many considerations and preliminary steps that...
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