Narrow Results
-
Depreciation Reports: What You Need to Know
A depreciation report provides an inventory of your Strata Corporation’s common property and assets, their projected 30-year maintenance and replacement cost. It is a useful tool for Strata Councils when it comes to budgeting for capital projects and it also gives transparency for owners and buyers on the building. -
What Goes Into Strata Fees?
Condo living has its perks: amazing urban locations close to public transportation, being part of a community without having to do yard work or home maintenance, enjoying amenities like fitness centres, party lounges and pools at your doorstep. Just don’t forget that those perks come at a price – a monthly strata fee. What are strata fees and how are they determined? -
5 HOA Board Blunders to Avoid
To set you and your association up for success, we’ve pulled together a list of common board blunders and included some practical tips for avoiding them. If you can identify these early, you may save yourself (and your board) from a lot of frustration. -
Beware of These Five Budget Busters
As a board member, one of your principal responsibilities is stewardship of the association’s finances. A lot of that boils down to one thing: the annual budget. Unfortunately, for many board members, “annual budget” is just another term for “big headache.” It doesn’t have to be that way. By staying aware of common budgeting pitfalls, you can make the creation of your annual budget less of a hassle – and ensure an entire year of minimal money woes while you’re at it. -
Eight Ways the Best Community Association Management Companies Can Help You
Being part of a Homeowners Association is rewarding – yet it can also be challenging at times. Board members are often tasked with difficult duties ranging from proper financial stewardship to navigating community conflicts, and much more. -
Can Your HOA Handle a Crisis? 8-Step Emergency Preparedness Plan
Is your association really prepared for an emergency? Learn how to develop an HOA emergency preparedness plan in 8 steps. -
Five Qualities of an HOA Treasurer
The HOA board members of your community association serve many important leadership functions. This article will discuss the role of treasurer and the impact they have on the health and future growth of your community. -
Before Creating a New HOA Policy, Ask These 5 Questions
Great policies can help your association run smoothly, enhance the resident experience and improve your reputation. Here are five questions to ask before creating a new HOA policy. -
5 surprising reasons for increasing HOA assessment fees
The concept of raising HOA assessment fees can be a sensitive issue. Read our article to learn how to do so without stepping on people's toes. -
Formalize these 4 high-rise community policies in your association
Living in a high-rise is unlike any other experience. Here are some community policies to consider to create a more harmonious environment for all. -
Four Financial Questions to Ask Your Community Management Company
Financial stewardship ranks near the top of the list of responsibilities for HOA board members. This requires proper allocation of association funds to ensure they are protected and FDIC insured, while earning the best possible rates. Adequate insurance coverage also factors into the equation. It’s a challenging balancing act, but asking the right questions can help. -
HOA Agreement: 4 Tips to Promote a Functional Board
How do you tackle alignment as a group of diverse individuals with unique values? Follow these four tips on HOA agreement to find out. -
Your HOA Board and Coronavirus: 5 Questions to Discuss
How should your HOA board handle a pandemic like COVID-19? Start by tackling these 5 questions. -
Is Your Association Manager Equipped for Success? 3 Questions to Ask
Does your association manager have the right tools, resources and support to take your association to the next level? -
Don’t Be the HOA Bad Guy: 4 Proven Policy Enforcement Tips
Enforcing HOA policies is nobody’s cup of tea, but having good policy enforcement in place helps improve the resident experience and elevates your reputation. Follow these 4 principles for healthy policy enforcement: -
How HOA Leaders Create Happy Communities
Association leadership plays an important role in creating harmonious communities. This applies to board members and community management professionals to work in partnership. Here are seven steps to a happy community. -
How to Future-Proof Your Association’s Finances
Whether your HOA is an amenity-driven active adult community or an emerging single-family home community, future financial stability is always a top-of-mind concern. And while it may seem like your everyday operating budget is the ultimate priority, a well-funded reserve is the key to helping your community thrive well into the future. -
Investing HOA Reserve Funds: 6 Tips to Improve Your Returns
Are you getting the best returns on your reserve funds? Most California board members are not sure. Here are six ways to improve your reserve fund returns and create an HOA investment policy. -
How to prepare for an earthquake and its aftermath in California
An earthquake in California can strike at any time, and they are daily occurrences throughout the state with varying impact and magnitude, with approximately 10,000 taking place each year. -
How Do You Manage HOA Reserves During a Crisis?
It's vital to prepare for the future and take steps to protect your association reserve funds. Here are 3 ways to manage reserves during a crisis. -
Post-Crisis HOA Cash Management: 3 Tips for Your Association
How do manage collections and HOA funds after a crisis? Get 3 tips to help you plan for the future -
Preventing Cyber Attacks, Part 3: Your HOA’s 4-Step Digital Defense Plan
Without a doubt, digital technology has made our everyday tasks easier and more convenient than ever. Mobile phones and tablets allow you to pay monthly bills, upload family photos and store important documents in “the cloud” with just a few taps and swipes. Homeowners associations are taking advantage of this pervasive technology in droves, using property management software to expedite resident transactions, sign documents with electronic signatures, and perform tasks more efficiently. -
Selecting Your Reserve Study Firm: Seven Essential Steps
Your reserve study gives you the power to maintain the quality of your community by allowing for projects that are both necessary and potentially expensive. Establishing this fund can get a little complex. But you don’t have to be a fortune teller to read the future of your association. You simply need a good reserve study firm to help. Here’s how you can find one. -
HOA Budget: Seven Best Practices for HOA Budgeting
Creating your HOA budget involves many considerations. It’s not simply a month-to-month accounting for expenses. Ideally, it’s a both a short-term and long-term blueprint for sustained financial health. Offset rising costs and high interest rates with these 7 HOA budgeting tips.