November 2023

PRESIDENT’S CORNER... from page 52.

7. Online and Social Media Scams Community living is no longer limited to physical spaces; it extends to online platforms and social media. Scammers can exploit these digital spaces to defraud residents. Protect yourself from online scams by: a. Be cautious of unsolicited messages: Avoid clicking on links or opening attachments in unsolicited emails or social media messages. These can contain malware or phishing attempts. b. Verify identities: If someone contacts you online, verify their identity and intent before sharing personal or finan cial information. c. Report suspicious activity: If you encounter a scam on a community website or social media group, report it to the platform administrators and notify fellow community members. Conclusion Community living can be immensely rewarding, but it also comes with its share of challenges, including the risk of falling victim to various scams. By staying informed and exercising caution, residents can protect themselves from financial loss and maintain the security and trust that make community living so appealing. Always remember that being vigilant and verifying the legitimacy of any request or offer can go a long way in keeping your community safe and secure. “In a homeowners community that values and enforces support for others, we find not just neighbors but a family united in the spirit of compassion and collective well-being.” — Author Unknown

5. Door-to-Door Scams Scammers may visit your community, going door-to-door with various offers or services. They might pose as charity workers, salespeople, or repairmen. To avoid door-to-door scams: a. Ask for identification: Always request identification from door-to-door salespeople or service providers. Legitimate professionals will carry proper identification and credentials. b. Do not feel rushed: Scammers often pressure you to make quick decisions. Take your time to research their offers or services. c. Verify credentials: Check the legitimacy of charities or sales organizations by doing some quick online research or contacting the Better Business Bureau. 6. Investment Scams In close-knit communities, residents may share invest ment opportunities or seek investors for various ventures. Unfortunately, some of these may be fraudulent. Protect your finances by: a. Research thoroughly: Investigate the investment oppor tunity and the individuals involved. Seek independent financial advice before committing to any investment. b. Beware of promises: Be skeptical of investment oppor tunities that guarantee high returns with little risk. If it sounds too good to be true, it likely is. c. Avoid peer pressure: Do not invest in anything solely because others in your community are doing it. Make informed decisions based on your own research and financial goals.

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Include CAI annual membership dues in your budget planning and ensure your board is connected to the best resources to make informed decisions. Plan ahead.

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NOVEMBER 2023