Fraud Prevention in Community Associations | Protecting HOA and Condo Finances

Presented by KS Management in partnership with First Citizens Bank Fraud is a rising threat in the world of HOA and Condo Associations. From unauthorized homeowner payments to deceptive vendor transactions, unchecked fraud can destabilize an association's financial future. This educational seminar is designed to help board members and community managers recognize red flags, implement fraud prevention systems, and use technology to secure their reserves. What You'll Learn in This HOA and Condo Fraud Prevention Training Types of Fraud in Community Associations Common schemes targeting HOAs and Condo Associations How fraud impacts homeowner dues, reserve funds, and vendor contracts Fraud Prevention Strategies for Board Members and Managers How to create financial checks and balances Steps to ensure secure homeowner payment processes How to safeguard vendor selection and payment Technology Tools That Enhance Financial Security Using software to detect irregularities and automate tracking How to implement secure online systems for payments and accounting Best Practices to Protect Association Reserves How to work with your bank and management company to increase oversight Internal controls, audits, and governance policies that reduce risk Who Should Watch This Video Board Presidents, Treasurers, Secretaries, Members-at-Large Community Association Managers Anyone responsible for financial decisions or operational oversight in an HOA or Condo Association About the Presenter – Nicole Skaro, EBP, CMCA Nicole brings 18 years of experience in the Community Association industry, with deep knowledge of capital improvements, financial oversight, and banking solutions for associations. Formerly with an engineering and reserve study firm, she now works exclusively in financial services, guiding boards and managers on protecting reserves and navigating complex financial decisions. KS Management proudly partners with First Citizens Bank to bring industry expertise directly to the boardroom. Our mission is to support communities with education that builds stronger, safer, and more financially sound associations. Subscribe for more HOA and Condo training. Like this video if it helped clarify your board's role in financial protection. Comment with fraud-related questions or future training topics you’d like to see. Tags HOA Fraud, Condo Association Fraud, HOA Board Training, Fraud Prevention for HOAs, Reserve Fund Protection, HOA Treasurer Responsibilities, HOA Financial Training, Association Governance, Community Association Banking, Secure Homeowner Payments, Vendor Payment Fraud, KS Management, First Citizens Bank, Nicole Skaro, HOA Board Member Education