Understanding Community Association Reserves and Reserve Studies
Posted on Tuesday September 12, 2017
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.
Association Budgets: Things to Consider When Creating Your Budget
Posted on Monday July 24, 2017
The annual budgeting process offers an opportunity for your board to explore your association’s current financial condition and to ensure your community’s financial stability for the future. Successful association management hinges on a well thought out budget for both short-term and long-term planning.
Association Budgets: Creating a Road Map to Success
Posted on Thursday July 20, 2017
It’s budget season! Are you stressed? Concerned about a potential dues increase or a large capital project that’s looming in the future? The word “budget” can be scary, so thinking about creating next year’s budget is daunting for many homeowners boards. We’d like to change that. In fact, we don’t want you to view next year’s budget as a task at all.
10 Meeting Myths in Community Associations
Posted on Monday July 17, 2017
There are several reasons why you might be having trouble. Let's dispel some common meeting myths and explore what it takes to run a good one.
Nine Ways Your HOA Board Can Avoid Conflicts of Interest
Posted on Wednesday December 28, 2016
Having a fiduciary responsibility to your homeowners association means putting the interests of your community first. Even the perception of a conflict of interest can put you and your association at risk. Learn the nine things you can do to recognize and avoid potential issues.
How to Keep Snow Removal from Plowing Through Your HOA Budget
Posted on Wednesday December 14, 2016
It’s that time of year again—snow removal time, that is. Unexpected winter weather can wreak havoc on your budget if you don’t plan carefully. Keep snow removal from burying your homeowners association budget by reading these five recommendations.
Four Ways Your HOA Can Prepare for the Colder Season
Posted on Friday December 09, 2016
Being ready for the winter season takes more than just turning up the heat. Are you prepared? Make sure that you’ve done everything you should by reading the preparation tips in this article.
6 Ways to Maximize Committees
Posted on Wednesday July 13, 2016
Community members join committees because they want to make a difference. That’s great, but sometimes, as they say, life gets in the way. Let’s not forget that committee members are all volunteers, which means it might take something a little extra to keep them motivated.
How to Make the Most of Homeowners Association (HOA) Living
Posted on Wednesday July 13, 2016
When you live in a home owners association, being a homeowner or shareholder doesn’t always make you the final decision maker. Have a hankering to paint your front door bright orange? Not so fast. Associations create rules that you and your neighbors must follow, but in return, they work to protect your interests, your investment and your quality of life. Most associations hire professional property management companies to ensure their day-to-day operations are managed effectively, while others take on these responsibilities themselves.