HOA Finance

Money makes the world, and associations, go round. One of the top priorities for HOA and community association managers is ensuring that budgets are allocated and used wisely.  This means that having sound HOA finance processes, like audits and collections, are essential.  Read through tips on how to handle community finances below.
 

HOA Budget

• Why Transparency Matters in Communicating Your Annual Budget
• How to Plan an Effective Budget for a Community Association
• Six Easy Steps To Build Your Community’s Budget
• 10 Ways Toward Greater Financial Strength
•  What Should My Association Consider When Planning a Budget?

Community Cost Savings

• The Surprising Way to Stretch Your Association's Dollars
• How to Save with Bulk Buying Strategies
• Five Ways to Keep Snow from Burying Your Budget

HOA Financial Health and General Issues

• How Can We Improve Our Association's Financial Stability?
• How To Choose The Right Community Banking Program
• What are HOA Fees? And What Does Your HOA Fee Cover?
• Four Ways to Maintain Your HOA’s Financial Fitness
• Five Reasons to Use Quality Vendors
• Nine Essential Tips About Conflicts of Interest
• Maintenance vs. Capital Improvements – What’s the Difference?
• Seven Tips to Finding a Reserve Study Firm
• How Can My HOA Create Revenue from Our Community Amenities?
• What Is a Balance Sheet? Why Do I Need to Understand Them?

Community Insurance

• Why Does Our Association Need an Annual Insurance Review?
• Insurance Basics: Protecting Your Community Pool
• High-Rise Insurance: Seven Tips to Cover Your Property
• Four Things Your Association May Not Know About Community Insurance
• 12 Things You Should Know About Your Insurance
• 15 Things You’ll Want to Do Before Selecting an Insurance Agent