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5 Surprising Reasons to Raise Your HOA Assessments
If your main concern is to avoid increasing assessments, you may want to reconsider. As a board member, one of your primary fiduciary responsibilities is to protect property values, and assessments are an investment that helps do just that. -
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: -
Reserve Funds, Assessment, or Loan: 3 Ways to Pay for a Capital Improvement Fee
Great capital improvements lead to better property values. Read on to see the three ways to pay for them and the pros and cons for each. -
Smart Financial Planning
Safeguarding a strata corporation’s operating and reserve funds is one of the main fiduciary duties of all board members, not just the treasurer. This means strata councils must protect the financial interests of the strata corporation and its members. -
Reserve Funds, Assessment or Loan: 3 Ways to Pay for Capital Improvements
Strategic capital improvements lead to better property values. Read on to see the three ways to pay for them and their pros and cons. -
Winterizing a house: Tips for snowbirds going south for winter
Do you escape to warmer weather down south once there’s a chill in the air and the leaves start to turn? If you’re a snowbird (or Winter Texan!), you need to know how to protect your home up north while basking in the southern sunshine -
Four ways to fund an HOA capital improvement project
Living in a residential community means around-the-clock routine maintenance to preserve the community and its assets. But there comes a time when one of your assets will reach the end of its useful life and require a replacement or significant repairs. -
Eight tips for HOA rules enforcement
Good rules make good community members. The most important factors in association policy making, whether for a condo, co-op, townhome or master-planned community, are clarity and sensibility. The board must be clear – and united – on the policy being created and then must communicate that policy to all residents. Whether the policy is about overnight guest parking, designated smoking areas, amenity usage or approved flooring, the basic steps to creating good policy and enforcing it successfully are the same. It’s important that everyone involved, including board members, residents and the management team, understand who is responsible for the various roles that are part of policy creation, enforcement and compliance. -
A guide to HOA annual meeting requirements
Your board should give residents the opportunity to have their voices heard, but you also have a responsibility to keep the meeting moving forward. Use these 5 HOA annual meeting requirements to stay on track. -
Capital improvements vs repairs and maintenance: What’s the difference?
Maintaining your buildings’ assets is not a one-size-fits-all proposition. The common areas require a broad range of routine maintenance and repairs to keep them looking good and operating smoothly. -
Hiring a reserve study company: Five things to know
In our guide to capital improvements , reserve studies and their relationship to capital improvements and preventive maintenance were discussed at length. -
How to create a sense of larger community in your HOA
Your association doesn’t function in a vacuum. It’s part of a larger community. Having members actively engaged in your town or city is good for the association and adds to residents’ sense of community. Find out what your board can do to encourage residents to get more involved in their larger community. -
3 Ways to Pay for an Association Capital Improvement Project
When your association has to invest in its property, whether for repairs or a new construction project, the financing for that work must be considered as carefully as the work itself -
Is Installing Electric Vehicles Charging Stations the Right Choice for Your Community?
The number of plug-in electric vehicles (PEVs) on the road is quickly growing, which means the need for conveniently located battery charging stations is also on the rise. What does this mean for your association? -
Is Your Community Ready for Plug-In Electric Cars (PEVs) and Charging Stations?
The Nissan Leaf and Chevy Volt made their debut as the first US mass-market plug-in electric vehicles (PEVs) more than five years ago. Nearly half a million have jumped on the PEV bandwagon. What does this mean for community associations? -
5 Steps to the Best Reserve Study Firm
Nothing lasts forever…and you need to have a plan to replace major items and systems before their useful lifespans end. How do you create that plan? Start with a quality reserve study. -
Selling Your Home? Here Are Some Helpful Tips to Add and Value and Appeal
Selling your home? Here are a few tips that will help you add appeal and value to your home. -
Set your association up to win with our HOA audit checklist
Every community experiences a transition from the developer to the newly independent Board of Directors. Here is a property management turnover checklist to make yours a success. -
A Capital Improvements Plan for Your Florida Association
A successful capital improvement project requires a lot of planning to ensure that things go as smoothly as possible. Does your community know where to start? -
3 ways to pay for capital improvement plans
When your association has to invest in its property, whether for repairs or a new construction project, the financing for that work must be considered as carefully as the work itself. -
A capital improvement plan for your Georgia association
A successful capital improvement project requires a lot of planning to ensure that things go as smoothly as possible. Does your community know where to start? -
5 Steps to the Best Reserve Study Firm
Nothing lasts forever and you need to have a plan to replace major items and systems before their lifespans end. How do you create that plan? Start with a quality reserve study. -
Slow and Steady: 5 Surprising Benefits of Raising Your Dues
It’s that time of year again – budget season is upon us. You know the things to consider when creating your budget, but what drives your process? Are you focused on achieving a particular vision for your community? Avoiding conflict in the community? Solely looking to avoid increasing dues? -
How to Communicate so Residents Listen
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?