Home Owners Associations (HOA's)

[Swimwithamission]

Originally Posted by SAB1

Pretty common thread in society these days. Many think they have or should have “rights” they don’t have. You don’t have look much further than watching the news to see it….

That is the issue with HOA's in New Hampshire, pay your dues and get little or no member rights including:

• Lack of transparency in spending and bidding of work.
• Lack of access to HOA financial records and expenses.
• Board of Directors changing covenants without member input or voting.
• Lack of Fiduciary responsibility of BOD member(s).

[FlyingScot]

Originally Posted by Swimwithamission

That is the issue with HOA's in New Hampshire, pay your dues and get little or no member rights including:

• Lack of transparency in spending and bidding of work.
• Lack of access to HOA financial records and expenses.
• Board of Directors changing covenants without member input or voting.
• Lack of Fiduciary responsibility of BOD member(s).

To your list I would add the overarching issue of people within a given HOA not sharing a common set of values and decision criteria on maintenance and other spending. If you knew you'd agree with the Board 80-90%, you wouldn't care about the other stuff

[Descant]

Originally Posted by Swimwithamission

That is the issue with HOA's in New Hampshire, pay your dues and get little or no member rights including:

• Lack of transparency in spending and bidding of work.
• Lack of access to HOA financial records and expenses.
• Board of Directors changing covenants without member input or voting.
• Lack of Fiduciary responsibility of BOD member(s).

Usually, I'd expect that these issues ould be looked at before buying. Caveat Emptor. I'm part of one HOA that was a start up when we bought, so no history to look at. The first several years were a little rough and we changed management companies more than once. The struggle comes when the BoD wants to do too much themselves, does a poor job and then tries to hide it all.
When they start saying' We can do all that ourselves and save money" It's time for new management and a new BoD and probably an increase in fees.

[SAB1]

Originally Posted by Swimwithamission

That is the issue with HOA's in New Hampshire, pay your dues and get little or no member rights including:

• Lack of transparency in spending and bidding of work.
• Lack of access to HOA financial records and expenses.
• Board of Directors changing covenants without member input or voting.
• Lack of Fiduciary responsibility of BOD member(s).

All depends on what you buy into. When I looked into Associations back in ‘01 I quickly determined any association that didn’t provide me with deeded dock was out. Took work but we found several and were lucky enuff to get in one.