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  • What Is An HOA Fee? And What Does Your HOA Fee Cover?

    Congratulations! You just bought a new home and it’s perfect for your family – just the right size, condition, location and neighborhood to meet your needs. Your new home is part of a homeowners’ association (HOA), which means you will pay HOA fees. What is an HOA fee? What do they pay for?
  • What Is a Balance Sheet? Why Do I Need to Understand Them?

    The chief responsibility of a community association board member is to preserve, protect and enhance the community. That includes, above all else, its financial health. But you can’t affect the financial health of your community if you don’t understand where it is when you join the board. Balance sheets are the best tool for gaining that basic understanding.
  • What Should My Association Consider When Planning a Budget?

    Budgeting can be tough. It requires that boards look at their priorities and the needs and wants of the community, plus the money coming in and going out -- and making it all balance. As an association board member, producing a responsible, effective budget is one of your primary responsibilities.
  • Why Community Associations Get Sued and What To Do If It Happens To You

    Your community or condominium association is there to protect the interests of all of its members. However, there may be situations when one or more residents don’t believe that the association is on their side. Hopefully, everyone involved can come to a reasonable solution, but if you can’t, it’s possible that your association – and even your board members – could become the target of a lawsuit.
  • Why Does Our Association Need an Annual Insurance Review?

    You know that your association needs to have the right insurance coverage in place. So you have property coverage, liability insurance, workers’ compensation, directors and officers (D&O) and an umbrella policy in place. Premiums are paid regularly and on time. Did you know that’s not enough?
  • Why Transparency Matters in Communicating Your Community Association Budget

    You’ve done all the homework. Crunched the numbers. Your reserve study is complete, your vendor agreements have been checked and your budget is done! Now what? There’s an entire process to creating the budget, followed by implementing it, and clear communication to homeowners, through every step of the process, is the best way to avoid problems.
  • How Can My Association Fund Capital Improvements?

    Nothing lasts forever…and when it comes time to replace your high-rise roof, community pool or to add new amenities, your association will need to determine how to pay for it. All of these things – significant repairs and replacements, as well as new construction – are considered capital improvements.
  • Before Raising Homeowners Assessment Fees, Check Out These Cost Containment Strategies

    Your fiduciary responsibility is the most important commitment to fellow homeowners. Learn cost containment strategies that can save your association money.
  • Budgeting in the Time of COVID

    The COVID-19 pandemic is presenting unique challenges to shaping a solid 2021 budget. Is your association budget on target to meet your short-term goals and help achieve your long-term vision?
  • See the 2016 Florida HOA Budget Requirements

    A proper budget is the cornerstone of any business, and a Condominium or Homeowners Association is certainly no exception. Here are steps you can take to make the process as painless as possible.
  • What to Know About the Property Tax Appeal - Miami-Dade and Broward Counties

    Property taxes are a reality for all property owners, but they can petition for an appeal. Condo owners and association Boards can file a joint petition for property tax appeal to cover all units in the building.
  • Estoppel Certificates: 7 Myths and the Real Facts

    Estoppel certificates are a critical part of any real estate transaction and can be confusing. What's included, how are they created, what does it all mean? Learn more here.
  • Five HOA Treasurer Duties and Qualities

    A great board treasurer has skills and characteristics to tackle the responsibilities of planning and strategizing the financial livelihood of a community. The right treasurer can make a big difference!
  • Four Tips on How to Save Energy for Your HOA or Condo Association

    Energy consumption ranks third highest in the nation. Having an experienced, dedicated community association management company can help mitigate some of these costs.
  • How Can My Association Pay For a 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
  • Get Tips for Hiring a Contractor

    Often, expectations are not met when dealing with vendors. These tips will help you get the most from your contractor.
  • Keeping Your Budget Healthy in the Age of COVID-19

    Learn ways your association can offset the financial impact of the COVID-19 pandemic.
  • Landscaping and Maintenance Tips to Help Communities Rake In Value and Increase Curb Appeal

    Tending to your community's landscaping sends a clear message that your property is desirable, prosperous and well managed. Here are tips to make your community the neighborhood's pride and joy!
  • Miami Beach Minimum Wage Increase Taking Effect January 1, 2018

    In June, the Miami Beach City Commission unanimously approved an ordinance to increase the city's minimum wage. First proposed by Mayor Philip Levine, it will take effect on January 1, 2018.
  • Discover the 8 Steps of Budgeting Process

    Your budget should be a tool to move your community to action, and as such, it is important to follow some guidelines. Below are eight tips for preparing a budget that works.
  • Reasons Why You Should Use High Quality Vendors

    Choosing a vendor is a decision that should only be made once you're re sure you've done your research. Here's a list of reasons why it makes more sense to go with a top-level vendor...even if it costs a little more.
  • 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.
  • Here's What to Know About Conducting an HOA Reserve Study

    If you are a high-rise Board member, resident or property owner looking for the peace of mind that insurance provides, make sure you have the correct coverage. Follow our guidelines!
  • Seven Tips to Finding the Right Reserve Study Firm

    Reserve studies are vital to the success of your association, which is why partnering with the right reserve study firm is critical. Here are some tips to help you find a reserve study firm.
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