Avoiding the Four Most Common Mistakes HOA Board Members Make
Posted on Monday November 21, 2016
As a board member you invest your time, talent and passion to make decisions for the betterment of your community. While we all strive for perfection in our roles, mistakes are bound to happen. A good community association management company works closely with thousands of board members and has seen it all. Here are four common mistakes and suggestions on avoiding them.
Seven Tips for Creating Your HOA Budget
Posted on Tuesday October 25, 2016
Creating your HOA budget involves many considerations. It’s not simply a month-to-month accounting for expenses. Ideally, it’s a both a short-term and long-term blueprint for sustained financial health. Here are some tips to consider.
Nine Tips for Managing Short-term Rentals in Your Community
Posted on Thursday October 06, 2016
The holiday travel season is right around the corner. Will the Airbnb®, VRBO® and HomeAway® short-term rental trend affect your HOA? Read our nine tips for managing short-term rentals and be prepared.
What It Takes to Make a Great Community
Posted on Wednesday September 28, 2016
Good community living looks easy. People are smiling. Residents are enjoying amenities. And the neighborhood or building looks amazing. But behind all this, there’s a lot of hard work. Who is responsible for creating the kind of place people love to call home? How does it all come together? Let’s take a look at the essential elements that need to come together to create a great community.
Six Ways to Make Community Budgeting Easier
Posted on Thursday September 22, 2016
The budget serves as the focal point for all of the board’s initiatives. It is more than a series of numbers; it’s the framework for accomplishing your community’s objectives. The process of creating and managing the budget can feel complex and often leads to many questions. That’s where an experienced community management company with extensive resources can help. To get started, here are six budget basics your association can follow.
Four Financial Questions to Ask Your Community Management Company
Posted on Wednesday September 14, 2016
Financial stewardship ranks near the top of the list of responsibilities for HOA board members. This requires proper allocation of association funds to ensure they are protected and FDIC insured, while earning the best possible rates. Adequate insurance coverage also factors into the equation. It’s a challenging balancing act, but asking the right questions can help.
How Will The California Minimum Wage Increase Impact Your HOA?
Posted on Thursday September 08, 2016
Is your HOA prepared for the possible impact of the new minimum wage increase legislation taking effect in 2017? Proper planning and budgeting can ensure your association is positioned for success. Here are some details on the new law, timing, and things to consider.
Understanding the Importance of Community Management Certifications
Posted on Thursday September 01, 2016
Acronyms like CMCA, LSM, PCAM and others are used to designate certifications for community management professionals who have achieved a level of education or expertise. What do these certifications mean? How does this benefit your association?
Reining in Pokémon Go in Your Community
Posted on Thursday August 25, 2016
Pokémon Go has taken off like few apps in recent memory. It offers plenty of benefits including opportunities to socialize and learn about local history. As is the case with most things, there can be challenges when dealing with such a sweeping phenomenon. Here are some considerations for your HOA.