Dave sits down with Linc Cummings, co-founder of the Community Associations Institute (CAI), to discuss the early days of CAI and the evolution of common interest developments in the U.S. Linc shares his background in the military and commercial aviation, his journey to becoming an HOA leader, and the collaborative efforts that led to CAI's formation in the 1970s. The conversation touches on the importance of education for board members, the shift in community mindset over the decades, and the critical need for preventive maintenance, highlighted by lessons from recent tragedies like Champlain Towers South. Linc's insights underscore the ongoing challenges and opportunities within the HOA industry, emphasizing the value of service and proactive governance.
00:00: Linc Cummings' background in the military & commercial aviation
01:30: The motivation behind the founding of CAI & it’s evolution
09:30: Education in the industry & the evolution from “we” to “me”
12:44: Biggest challenge for HOAs 15:03: Linc’s recommendations for management companies & managers
16:53: Discussion on preventive maintenance & reserve planning