Question 1

What is the primary role of an HOA board?

Accepted Answer

The primary role of an HOA board is to manage the community's assets, maintain common areas, ensure compliance with governing documents, and manage the association's finances responsibly.

Question 2

How often should reserve studies be conducted in Florida?

Accepted Answer

In Florida, while there is no statutory requirement for the frequency of reserve studies for HOAs, it is highly recommended to update them every 3 years. For condominiums, structural integrity reserve studies (SIRS) have specific statutory requirements based on the building's age and height.

Question 3

Can homeowners request to see association financial records?

Accepted Answer

Yes. Under Florida law (Statutes 718 and 720), members have the right to inspect and copy the association's official records. The association must make these records available within 10 working days after receipt of a written request.

Question 4

What is the difference between an HOA and a Condo Association?

Accepted Answer

The main difference lies in ownership. In an HOA (Chapter 720), members own their individual lots and homes, while the association owns the common areas. In a Condominium (Chapter 718), members own their individual units and share ownership of the common elements.

Question 5

How can Powerhouse Executives help our self-managed community?

Accepted Answer

We offer consulting, training, and transition services tailored for self-managed communities. Whether you need help setting up proper administrative procedures, training new board members, or transitioning to professional management, we can provide the expertise you need.

Florida Association Resources

State Regulations & DBPR

Board Member Resources

Financial & Administrative

How To Get Your CAM License

Frequently Asked Questions