diff --git a/pkg/openstack/loadbalancer.go b/pkg/openstack/loadbalancer.go
index 48cb0a9e8b..e8bd5d755f 100644
--- a/pkg/openstack/loadbalancer.go
+++ b/pkg/openstack/loadbalancer.go
@@ -101,6 +101,12 @@ const (
 	// See https://nip.io
 	defaultProxyHostnameSuffix      = "nip.io"
 	ServiceAnnotationLoadBalancerID = "loadbalancer.openstack.org/load-balancer-id"
+
+	// Octavia resources name formats
+	lbFormat       = "%s%s_%s_%s"
+	listenerFormat = "listener_%d_%s"
+	poolFormat     = "pool_%d_%s"
+	monitorFormat  = "monitor_%d_%s"
 )
 
 // LbaasV2 is a LoadBalancer implementation based on Octavia
@@ -514,20 +520,17 @@ func (lbaas *LbaasV2) createFullyPopulatedOctaviaLoadBalancer(name, clusterName
 	}
 
 	for portIndex, port := range service.Spec.Ports {
-		listenerCreateOpt := lbaas.buildListenerCreateOpt(port, svcConf)
-		listenerCreateOpt.Name = cutString(fmt.Sprintf("listener_%d_%s", portIndex, name))
+		listenerCreateOpt := lbaas.buildListenerCreateOpt(port, svcConf, cpoutil.Sprintf255(listenerFormat, portIndex, name))
 		members, newMembers, err := lbaas.buildBatchUpdateMemberOpts(port, nodes, svcConf)
 		if err != nil {
 			return nil, err
 		}
-		poolCreateOpt := lbaas.buildPoolCreateOpt(string(listenerCreateOpt.Protocol), service, svcConf)
+		poolCreateOpt := lbaas.buildPoolCreateOpt(string(listenerCreateOpt.Protocol), service, svcConf, cpoutil.Sprintf255(poolFormat, portIndex, name))
 		poolCreateOpt.Members = members
 		// Pool name must be provided to create fully populated loadbalancer
-		poolCreateOpt.Name = cutString(fmt.Sprintf("pool_%d_%s", portIndex, name))
 		var withHealthMonitor string
 		if svcConf.enableMonitor {
-			opts := lbaas.buildMonitorCreateOpts(svcConf, port)
-			opts.Name = cutString(fmt.Sprintf("monitor_%d_%s", port.Port, name))
+			opts := lbaas.buildMonitorCreateOpts(svcConf, port, cpoutil.Sprintf255(monitorFormat, portIndex, name))
 			poolCreateOpt.Monitor = &opts
 			withHealthMonitor = " with healthmonitor"
 		}
@@ -598,8 +601,7 @@ func (lbaas *LbaasV2) GetLoadBalancer(ctx context.Context, clusterName string, s
 
 // GetLoadBalancerName returns the constructed load balancer name.
 func (lbaas *LbaasV2) GetLoadBalancerName(_ context.Context, clusterName string, service *corev1.Service) string {
-	name := fmt.Sprintf("%s%s_%s_%s", servicePrefix, clusterName, service.Namespace, service.Name)
-	return cutString(name)
+	return cpoutil.Sprintf255(lbFormat, servicePrefix, clusterName, service.Namespace, service.Name)
 }
 
 // getLoadBalancerLegacyName returns the legacy load balancer name for backward compatibility.
@@ -607,15 +609,6 @@ func (lbaas *LbaasV2) getLoadBalancerLegacyName(_ context.Context, _ string, ser
 	return cloudprovider.DefaultLoadBalancerName(service)
 }
 
-// cutString makes sure the string length doesn't exceed 255, which is usually the maximum string length in OpenStack.
-func cutString(original string) string {
-	ret := original
-	if len(original) > 255 {
-		ret = original[:255]
-	}
-	return ret
-}
-
 // The LB needs to be configured with instance addresses on the same
 // subnet as the LB (aka opts.SubnetID). Currently, we're just
 // guessing that the node's InternalIP is the right address.
@@ -1028,55 +1021,56 @@ func (lbaas *LbaasV2) getServiceAddress(clusterName string, service *corev1.Serv
 func (lbaas *LbaasV2) ensureOctaviaHealthMonitor(lbID string, name string, pool *v2pools.Pool, port corev1.ServicePort, svcConf *serviceConfig) error {
 	monitorID := pool.MonitorID
 
-	if monitorID != "" {
-		monitor, err := openstackutil.GetHealthMonitor(lbaas.lb, monitorID)
-		if err != nil {
-			return err
-		}
-		//Recreate health monitor with correct protocol if externalTrafficPolicy was changed
-		createOpts := lbaas.buildMonitorCreateOpts(svcConf, port)
-		if createOpts.Type != monitor.Type {
-			klog.InfoS("Recreating health monitor for the pool", "pool", pool.ID, "oldMonitor", monitorID)
-			if err := openstackutil.DeleteHealthMonitor(lbaas.lb, monitorID, lbID); err != nil {
-				return err
-			}
-			monitorID = ""
-		}
-		if svcConf.healthMonitorDelay != monitor.Delay ||
-			svcConf.healthMonitorTimeout != monitor.Timeout ||
-			svcConf.healthMonitorMaxRetries != monitor.MaxRetries ||
-			svcConf.healthMonitorMaxRetriesDown != monitor.MaxRetriesDown {
-			updateOpts := v2monitors.UpdateOpts{
-				Delay:          svcConf.healthMonitorDelay,
-				Timeout:        svcConf.healthMonitorTimeout,
-				MaxRetries:     svcConf.healthMonitorMaxRetries,
-				MaxRetriesDown: svcConf.healthMonitorMaxRetriesDown,
-			}
-			klog.Infof("Updating health monitor %s updateOpts %+v", monitorID, updateOpts)
-			if err := openstackutil.UpdateHealthMonitor(lbaas.lb, monitorID, updateOpts); err != nil {
-				return err
-			}
+	if monitorID == "" {
+		// do nothing
+		if !svcConf.enableMonitor {
+			return nil
 		}
-	}
-	if monitorID == "" && svcConf.enableMonitor {
+
+		// a new monitor must be created
 		klog.V(2).Infof("Creating monitor for pool %s", pool.ID)
+		createOpts := lbaas.buildMonitorCreateOpts(svcConf, port, name)
+		return lbaas.createOctaviaHealthMonitor(createOpts, pool.ID, lbID)
+	}
 
-		createOpts := lbaas.buildMonitorCreateOpts(svcConf, port)
-		// Populate PoolID, attribute is omitted for consumption of the createOpts for fully populated Loadbalancer
-		createOpts.PoolID = pool.ID
-		createOpts.Name = name
-		monitor, err := openstackutil.CreateHealthMonitor(lbaas.lb, createOpts, lbID)
-		if err != nil {
-			return err
-		}
-		monitorID = monitor.ID
-		klog.Infof("Health monitor %s for pool %s created.", monitorID, pool.ID)
-	} else if monitorID != "" && !svcConf.enableMonitor {
+	// an existing monitor must be deleted
+	if !svcConf.enableMonitor {
 		klog.Infof("Deleting health monitor %s for pool %s", monitorID, pool.ID)
+		return openstackutil.DeleteHealthMonitor(lbaas.lb, monitorID, lbID)
+	}
 
+	// get an existing monitor status
+	monitor, err := openstackutil.GetHealthMonitor(lbaas.lb, monitorID)
+	if err != nil {
+		// return err on 404 is ok, since we get monitorID dynamically from the pool
+		return err
+	}
+
+	// recreate health monitor with a new type
+	createOpts := lbaas.buildMonitorCreateOpts(svcConf, port, name)
+	if createOpts.Type != monitor.Type {
+		klog.InfoS("Recreating health monitor for the pool", "pool", pool.ID, "oldMonitor", monitorID)
 		if err := openstackutil.DeleteHealthMonitor(lbaas.lb, monitorID, lbID); err != nil {
 			return err
 		}
+		return lbaas.createOctaviaHealthMonitor(createOpts, pool.ID, lbID)
+	}
+
+	// update new monitor parameters
+	if name != monitor.Name ||
+		svcConf.healthMonitorDelay != monitor.Delay ||
+		svcConf.healthMonitorTimeout != monitor.Timeout ||
+		svcConf.healthMonitorMaxRetries != monitor.MaxRetries ||
+		svcConf.healthMonitorMaxRetriesDown != monitor.MaxRetriesDown {
+		updateOpts := v2monitors.UpdateOpts{
+			Name:           &name,
+			Delay:          svcConf.healthMonitorDelay,
+			Timeout:        svcConf.healthMonitorTimeout,
+			MaxRetries:     svcConf.healthMonitorMaxRetries,
+			MaxRetriesDown: svcConf.healthMonitorMaxRetriesDown,
+		}
+		klog.Infof("Updating health monitor %s updateOpts %+v", monitorID, updateOpts)
+		return openstackutil.UpdateHealthMonitor(lbaas.lb, monitorID, updateOpts)
 	}
 
 	return nil
@@ -1086,7 +1080,9 @@ func (lbaas *LbaasV2) canUseHTTPMonitor(port corev1.ServicePort) bool {
 	if lbaas.opts.LBProvider == "ovn" {
 		// ovn-octavia-provider doesn't support HTTP monitors at all. We got to avoid creating it with ovn.
 		return false
-	} else if port.Protocol == corev1.ProtocolUDP {
+	}
+
+	if port.Protocol == corev1.ProtocolUDP {
 		// Older Octavia versions or OVN provider doesn't support HTTP monitors on UDP pools. We got to check if that's the case.
 		return openstackutil.IsOctaviaFeatureSupported(lbaas.lb, openstackutil.OctaviaFeatureHTTPMonitorsOnUDP, lbaas.opts.LBProvider)
 	}
@@ -1095,8 +1091,9 @@ func (lbaas *LbaasV2) canUseHTTPMonitor(port corev1.ServicePort) bool {
 }
 
 // buildMonitorCreateOpts returns a v2monitors.CreateOpts without PoolID for consumption of both, fully popuplated Loadbalancers and Monitors.
-func (lbaas *LbaasV2) buildMonitorCreateOpts(svcConf *serviceConfig, port corev1.ServicePort) v2monitors.CreateOpts {
+func (lbaas *LbaasV2) buildMonitorCreateOpts(svcConf *serviceConfig, port corev1.ServicePort, name string) v2monitors.CreateOpts {
 	opts := v2monitors.CreateOpts{
+		Name:           name,
 		Type:           string(port.Protocol),
 		Delay:          svcConf.healthMonitorDelay,
 		Timeout:        svcConf.healthMonitorTimeout,
@@ -1115,6 +1112,18 @@ func (lbaas *LbaasV2) buildMonitorCreateOpts(svcConf *serviceConfig, port corev1
 	return opts
 }
 
+func (lbaas *LbaasV2) createOctaviaHealthMonitor(createOpts v2monitors.CreateOpts, poolID, lbID string) error {
+	// populate PoolID, attribute is omitted for consumption of the createOpts for fully populated Loadbalancer
+	createOpts.PoolID = poolID
+	monitor, err := openstackutil.CreateHealthMonitor(lbaas.lb, createOpts, lbID)
+	if err != nil {
+		return err
+	}
+	klog.Infof("Health monitor %s for pool %s created.", monitor.ID, poolID)
+
+	return nil
+}
+
 // Make sure the pool is created for the Service, nodes are added as pool members.
 func (lbaas *LbaasV2) ensureOctaviaPool(lbID string, name string, listener *listeners.Listener, service *corev1.Service, port corev1.ServicePort, nodes []*corev1.Node, svcConf *serviceConfig) (*v2pools.Pool, error) {
 	pool, err := openstackutil.GetPoolByListener(lbaas.lb, lbID, listener.ID)
@@ -1142,9 +1151,8 @@ func (lbaas *LbaasV2) ensureOctaviaPool(lbID string, name string, listener *list
 	}
 
 	if pool == nil {
-		createOpt := lbaas.buildPoolCreateOpt(listener.Protocol, service, svcConf)
+		createOpt := lbaas.buildPoolCreateOpt(listener.Protocol, service, svcConf, name)
 		createOpt.ListenerID = listener.ID
-		createOpt.Name = name
 
 		klog.InfoS("Creating pool", "listenerID", listener.ID, "protocol", createOpt.Protocol)
 		pool, err = openstackutil.CreatePool(lbaas.lb, createOpt, lbID)
@@ -1179,7 +1187,7 @@ func (lbaas *LbaasV2) ensureOctaviaPool(lbID string, name string, listener *list
 	return pool, nil
 }
 
-func (lbaas *LbaasV2) buildPoolCreateOpt(listenerProtocol string, service *corev1.Service, svcConf *serviceConfig) v2pools.CreateOpts {
+func (lbaas *LbaasV2) buildPoolCreateOpt(listenerProtocol string, service *corev1.Service, svcConf *serviceConfig, name string) v2pools.CreateOpts {
 	// By default, use the protocol of the listener
 	poolProto := v2pools.Protocol(listenerProtocol)
 	if svcConf.enableProxyProtocol {
@@ -1206,6 +1214,7 @@ func (lbaas *LbaasV2) buildPoolCreateOpt(listenerProtocol string, service *corev
 
 	lbmethod := v2pools.LBMethod(lbaas.opts.LBMethod)
 	return v2pools.CreateOpts{
+		Name:        name,
 		Protocol:    poolProto,
 		LBMethod:    lbmethod,
 		Persistence: persistence,
@@ -1253,9 +1262,8 @@ func (lbaas *LbaasV2) ensureOctaviaListener(lbID string, name string, curListene
 		Port:     int(port.Port),
 	}]
 	if !isPresent {
-		listenerCreateOpt := lbaas.buildListenerCreateOpt(port, svcConf)
+		listenerCreateOpt := lbaas.buildListenerCreateOpt(port, svcConf, name)
 		listenerCreateOpt.LoadbalancerID = lbID
-		listenerCreateOpt.Name = name
 
 		klog.V(2).Infof("Creating listener for port %d using protocol %s", int(port.Port), listenerCreateOpt.Protocol)
 
@@ -1340,11 +1348,10 @@ func (lbaas *LbaasV2) ensureOctaviaListener(lbID string, name string, curListene
 }
 
 // buildListenerCreateOpt returns listeners.CreateOpts for a specific Service port and configuration
-func (lbaas *LbaasV2) buildListenerCreateOpt(port corev1.ServicePort, svcConf *serviceConfig) listeners.CreateOpts {
-	listenerProtocol := listeners.Protocol(port.Protocol)
-
+func (lbaas *LbaasV2) buildListenerCreateOpt(port corev1.ServicePort, svcConf *serviceConfig, name string) listeners.CreateOpts {
 	listenerCreateOpt := listeners.CreateOpts{
-		Protocol:     listenerProtocol,
+		Name:         name,
+		Protocol:     listeners.Protocol(port.Protocol),
 		ProtocolPort: int(port.Port),
 		ConnLimit:    &svcConf.connLimit,
 	}
@@ -1938,17 +1945,17 @@ func (lbaas *LbaasV2) ensureOctaviaLoadBalancer(ctx context.Context, clusterName
 		}
 
 		for portIndex, port := range service.Spec.Ports {
-			listener, err := lbaas.ensureOctaviaListener(loadbalancer.ID, cutString(fmt.Sprintf("listener_%d_%s", portIndex, lbName)), curListenerMapping, port, svcConf, service)
+			listener, err := lbaas.ensureOctaviaListener(loadbalancer.ID, cpoutil.Sprintf255(listenerFormat, portIndex, lbName), curListenerMapping, port, svcConf, service)
 			if err != nil {
 				return nil, err
 			}
 
-			pool, err := lbaas.ensureOctaviaPool(loadbalancer.ID, cutString(fmt.Sprintf("pool_%d_%s", portIndex, lbName)), listener, service, port, nodes, svcConf)
+			pool, err := lbaas.ensureOctaviaPool(loadbalancer.ID, cpoutil.Sprintf255(poolFormat, portIndex, lbName), listener, service, port, nodes, svcConf)
 			if err != nil {
 				return nil, err
 			}
 
-			if err := lbaas.ensureOctaviaHealthMonitor(loadbalancer.ID, cutString(fmt.Sprintf("monitor_%d_%s", portIndex, lbName)), pool, port, svcConf); err != nil {
+			if err := lbaas.ensureOctaviaHealthMonitor(loadbalancer.ID, cpoutil.Sprintf255(monitorFormat, portIndex, lbName), pool, port, svcConf); err != nil {
 				return nil, err
 			}
 
@@ -2147,7 +2154,12 @@ func (lbaas *LbaasV2) updateOctaviaLoadBalancer(ctx context.Context, clusterName
 			return fmt.Errorf("loadbalancer %s does not contain required listener for port %d and protocol %s", loadbalancer.ID, port.Port, port.Protocol)
 		}
 
-		_, err := lbaas.ensureOctaviaPool(loadbalancer.ID, cutString(fmt.Sprintf("pool_%d_%s", portIndex, loadbalancer.Name)), &listener, service, port, nodes, svcConf)
+		pool, err := lbaas.ensureOctaviaPool(loadbalancer.ID, cpoutil.Sprintf255(poolFormat, portIndex, loadbalancer.Name), &listener, service, port, nodes, svcConf)
+		if err != nil {
+			return err
+		}
+
+		err = lbaas.ensureOctaviaHealthMonitor(loadbalancer.ID, cpoutil.Sprintf255(monitorFormat, portIndex, loadbalancer.Name), pool, port, svcConf)
 		if err != nil {
 			return err
 		}
diff --git a/pkg/util/util.go b/pkg/util/util.go
index f155f5a010..34fd7e6def 100644
--- a/pkg/util/util.go
+++ b/pkg/util/util.go
@@ -16,6 +16,20 @@ import (
 	"k8s.io/klog/v2"
 )
 
+// CutString255 makes sure the string length doesn't exceed 255, which is usually the maximum string length in OpenStack.
+func CutString255(original string) string {
+	ret := original
+	if len(original) > 255 {
+		ret = original[:255]
+	}
+	return ret
+}
+
+// Sprintf255 formats according to a format specifier and returns the resulting string with a maximum length of 255 characters.
+func Sprintf255(format string, args ...interface{}) string {
+	return CutString255(fmt.Sprintf(format, args...))
+}
+
 // MyDuration is the encoding.TextUnmarshaler interface for time.Duration
 type MyDuration struct {
 	time.Duration