06/19/2026
Show me the money!!
HOA reserve funds are not a jackpot or a discretionary spending account. Thankfully, most board members understand their fiduciary duties. The funds belong to the homeowners collectively and are set aside for major repairs and replacements that keep the community running smoothly.
So no, the board can't take reserve money to Las Vegas, invest it in risky schemes, or spend it on whatever sounds fun. They have a fiduciary responsibility to protect those funds and use them for the benefit of the association.
Watch/listen to the full episode: https://www.actionlife.com/podcast/is-your-hoa-board-exposed-to-liability-for-negligence