Understanding Community Association Reserves and Reserve Studies
Posted on Friday June 14, 2019
One of the most important responsibilities your community's board of directors faces is effectively planning for major common-area repairs and replacements. Whether a costly expenditure is needed in a few years or not for 20, it’s the board’s fiduciary duty to make sure your community association has adequate funds when the time comes. That’s where reserve funds come into play.
How To Avoid 5 Common Board Member Mistakes
Posted on Wednesday February 27, 2019
Being on the board of your condo or homeowners association (HOA) isn’t an easy job. No matter what your level of experience, mistakes can happen. Although some of these can easily be corrected, why not avoid them altogether by learning from other board members’ experiences? Check out these recommendations for handling 5 common board member mistakes.
How to Communicate so HOA and Condo Residents Listen
Posted on Wednesday October 10, 2018
Are residents in your community always aware of upcoming events, construction projects and board meetings? Do they understand their responsibilities and the policies they need to comply with?
How to Protect Your HOA From a Cyberattack
Posted on Thursday August 30, 2018
You may not think that your homeowners association (HOA) is likely to be targeted by a computer hacker. After all, we usually hear about data breaches affecting large organizations, like the 2018 breach at Children’s Mercy Hospital in Kansas City, Missouri, that affected more than 60,000 people.
5 Ways to Make Sensible HOA Policies
Posted on Monday July 30, 2018
Rules and policies are a necessary part of life in a homeowners’ association (HOA). They help maintain order and keep the community attractive and strong. But if those rules go too far, aren’t enforced or are enforced inconsistently, they can wreak havoc on the association and create animosity among residents.
3 Insurance Facts Every HOA Board Should Know
Posted on Tuesday July 17, 2018
One of your main responsibilities as a board member is protecting the interests of your homeowners association (HOA). Getting the right insurance to cover your community’s needs at the best possible price is an important part of this fiduciary duty.