How to Find the Best Reserve Study Firm for Your HOA
Posted on Friday August 12, 2016
Your HOA’s reserve fund is an important element in planning for your community’s future. In fact, it may even be the most critical piece of your budgeting, according to Dan Henein, vice president of client accounting at FirstService Residential. Henein explains that “long-term, the reserve study has a tremendous impact on your association’s fiscal health.”
Three Key Positions on Your Nevada HOA Board
Posted on Friday August 05, 2016
Building a great community requires having a board of directors dedicated to enhancing the living experience of your community’s residents. Its primary job is to set policies for your association.
What You and Your HOA Need to Know About Short-Term Rentals
Posted on Friday August 05, 2016
From Las Vegas to Lake Tahoe, Nevada attracts a multitude of tourists and convention attendees. One type of lodging that has gained popularity among visitors is renting a room, a high-rise unit, or an entire house from a homeowner. This may seem like a great way for homeowners to make some extra cash while giving travelers a way to avoid the cost of more expensive hotels. However, there are a number of things to consider before deciding to rent out your home—especially if you belong to an HOA.
Four Factors Shaping Association Living in the Coming Decades
Posted on Thursday August 04, 2016
The Silver State is no stranger to change. And that goes for Nevada homeowners’ associations, too.
The key to navigating changes within HOAs is to anticipate them. That’s why the trade organization, Community Associations Institute (or CAI), brought together a panel of experts to discuss what’s ahead for common-interest communities in Nevada and across the nation. Their findings were featured in the group’s publication, Common Ground, and we’ve put together a summary of what they discovered, along with some key insights of our own.
Understanding Your Association’s CC&Rs
Posted on Thursday July 28, 2016
One of the defining characteristics of HOAs is the use of Covenants, Conditions and Restrictions (CC&Rs). Although you might be familiar with the term, do you know how it really affects Nevada associations? Here’s a look at what they mean to you and how they affect you as a member of your community.
Four Questions to Ask When Selecting Your Community Banking and Insurance Programs
Posted on Tuesday July 26, 2016
As a board member for an HOA in Nevada, you know that financial stewardship is the foundation of good community management. You might think that revolves around smart budgeting and planning, and you’d be partially right. But strong finances are also the result of implementing smart banking programs and purchasing the right insurance coverage.
Tips for Hiring the Best Community Management Company
Posted on Friday July 22, 2016
The help of a good community management company can make a world of difference for you and your fellow board members. But finding the company that best fits your association’s needs can sometimes present a challenge.
Drones and Your Association
Posted on Friday July 15, 2016
You’ve probably seen stories about drones in the news. Or, you might be the owner of a drone yourself. Either way, you know that these unmanned, remote-piloted flight vehicles have come under scrutiny because of safety and privacy concerns. Is there a way your HOA can manage the use of drones in your community?
Ways to Save on Your Community Insurance
Posted on Friday July 08, 2016
As a board member for a Nevada HOA, fiscal stewardship is one of your primary concerns. That means looking for more ways to help your community save money—and that includes saving on insurance. Whether your HOA manages a high-rise, a condo, or a master-planned community, this is a great place to seek savings.