Are You Worried That Your HOA’s Funds Could Be Mismanaged, Stolen, Or Hidden Behind Closed Doors?

Imagine living in a community where every dollar is accounted for, every decision is transparent, and your property values are protected—because your board follows proven safeguards against theft, embezzlement, and fraud.
In “HOA Steps to Preventing Theft, Embezzlement, and Fraud,” Karel Costa–Armas, LCAM, CMCA, AMS, PCAM, draws on decades of real-world experience as a manager, consultant, and expert witness to give homeowners, board members, and property managers the tools they need to protect their community’s finances. Whether you serve on the board, hire management, or simply want to ensure your dues are used wisely, this straightforward and practical guide outlines step-by-step measures to close loopholes, increase accountability, and build trust in your HOA or condominium association.

Inside This Essential Guide, You’ll Discover:
✅ Spending Controls That Work: Learn how to implement a Spending Resolution that limits unauthorized purchases, requires proper approvals, and ensures every expense is documented.
✅ Financial Reporting Made Clear: Understand the key reports every association should receive, how to interpret them, and how to spot red flags before they become crises.
✅ Board & Management Best Practices: Identify the traits of trustworthy managers, set clear expectations in contracts, and avoid common pitfalls that invite misuse of funds.
✅ Committees & Oversight: See how finance, budget, and project committees can strengthen transparency and keep members informed.
✅ Vendor & Supplier Safeguards: Prevent kickbacks and fraudulent invoicing with proven checks-and-balances for contractor selection and payments.
✅ Insurance & Legal Protections: Build layers of defense through proper coverage, legal counsel relationships, and documented resolutions.