Stop! Before Raising Association Fees, Try Cost ContainmentAug 20, 2018No board wants to raise fees. But costs go up – or do they? Learn how cost containment can help keep your DE HOA fees from increasing.
Email CommunicationJul 03, 2018You may be unaware that you are opening up all of your emails to scrutiny. When using a personal or work email address to conduct association business, there is a potential liability involved.
Difficult Residents: Good Communication Makes All the DifferenceMay 17, 2018Every community has at least one. You know who they are: the squeaky wheels, the complainers, the busybodies. Difficult residents are a fact of community life.
Mother and children standing watching a blazing fire
Promoting Fire Safety in Your Community AssociationApr 03, 2018Part of your job as a board member is ensuring the safety of residents in your community association. To that end, it’s important to educate homeowners about possible fire risks and the steps they can take to prevent fire hazards in their homes. Chances are that fire safety isn’t top of mind for residents. However, home fires are more common than most people realize.
How Can My Association Fund Capital Improvements?
How Can My Association Fund Capital Improvements?Nov 09, 2017Nothing lasts forever…and when it comes time to replace your high-rise roof, community pool or to add new amenities, your association will need to determine how to pay for it. All of these things – significant repairs and replacements, as well as new construction – are considered capital improvements.
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What Should My Association Board Look for in a Management Company?Oct 30, 2017
As part of your responsibility to preserve, protect and enhance your community association, you may choose to bring in a professional property management company. Professional management can provide a depth of resources that you may not have access to otherwise, can help you optimize your budget while improving your residents’ lifestyles and more.
Board treasurer sitting at a table with other board members, reviewing a document
What Are the Qualities of an Effective Board Treasurer?Aug 18, 2017
The board members of your community association serve many important leadership functions. Although they may have diverse backgrounds and skill sets, they are all committed to the common goal of bettering your community association, taking actions that ensure its financial health, enhancing property values and improving the lifestyles of the residents. What can happen if you don’t have an effective board treasurer?
Community association members sitting at a table in suits, looking at a laptop
Choosing the Right Banking Program for your Community AssociationAug 14, 2017As a community association board member, one of your chief responsibilities is to protect the financial interests of your association and your fellow residents. That includes making sure that the association’s reserve and operating funds are carefully managed, protected and invested. Smart decision-making and sound financial stewardship are critical to the association’s long-term financial stability and health. Unfortunately, even the best-intentioned board members may not have the experience or financial knowledge to choose the right banking programs and products to meet their community association’s needs. What should you look for when choosing the best banking program for your association? Read on…
Close up of man's hand on a spreadsheet on a table
Five Steps You Can Take to Maintain Your HOA’s Financial FitnessAug 11, 2017
The principles to fiscal fitness and physical fitness aren’t that different: Don’t overindulge. Make smart choices. Keeping your community association’s finances healthy requires care and exercising good judgment. Follow our tips to help you do that.
Community association members sitting at a desk, socializing
Seven Essential Financial Best Practices for Your Community AssociationAug 11, 2017
Community associations can be wonderful. They have amenities that otherwise might not be so close to home, like a community pool, fitness center, golf course or riding trails. Being part of a managed community often means having shared interests with your neighbors, imparting a sense of community that isn’t easy to achieve in an ever-transient world. It means that everyone abides by the same high aesthetic standards. But none of that happens without stable finances, including a balanced budget and a well-funded reserve.