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Do you dread preparing your HOA’s annual budget as much as you dread stepping outside of your Arizona home on a summer afternoon? You’re not alone. For many HOA boards, it’s their least-favorite task. But look at it this way: You’re making sure that your HOA remains financially stable, and that’s an important job.

There are often valid reasons to raise assessments, but in some cases, you may want to take a different route. Here are three cost-saving strategies.

Lights, candles and wreaths, oh my! The most decorated season of the year is arriving, with celebrations from many cultures and faiths coinciding in the next few months. For condo communities, the desire to deck the halls can clash with the rules of the corporation. Follow these tips to maintain a festive community without décor running amok.

You want your strata to be successful. All council members do. You know that means watching the finances carefully and maintaining the property. But do you think about effective strata council communication as an ingredient in your recipe for success? It is!

As a homeowner, you want to live in a place that accentuates your style – from a beautiful sense of arrival or exquisitely decorated building lobby, complete with freshly pruned trees and lush landscaping – but unless your strata council has strategically planned out your strata’s budget, you can forget all of that.

It’s that wonderful time of year! Many of us are shopping online to get that perfect gift for our loved ones. And, for those doing last-minute shopping, we don’t want to have to worry that something will go wrong with our deliveries.

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?

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.

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.

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.

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.

A healthy and effective California homeowners association will not only find great volunteers and committee members, but will empower them to drive positive change in the community. How can your association make this happen?

Living in a homeowners association has many benefits. But what about all those rules? Yes, they might seem restrictive at first glance but they protect your interests, investment, and quality of life. Read this article on HOA living for more information.

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.

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.

Amenities play a large role in differentiating your community, enhancing its brand, and drawing in potential buyers. Pet amenities have risen in popularity and range from simple touches such as having dog-friendly treats like biscuits and bowls of water available in the main office, to providing on-site pet services such as grooming. Here are five suggestions for making your community more pet friendly.

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.

Homebuyers are motivated to buy a new home and move to a new community for a wide variety of reasons – perhaps a desire to downsize, upsize, relocate closer to family and friends, or enhance their quality of life. But while those factors will always be important, there are two additional considerations many people find compelling – community amenities and programs for lifestyle communities. Read on for more details.

Take a drive on any major interstate in California and it will be difficult to drive any distance without passing, or being passed, by an electric vehicle. In fact, nearly a half-million plug-in electric vehicles (PEVs) have been purchased in the US over the past five years. Read this article to see if your HOA is ready for this new trend.

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.

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.

There are often good reasons to raise assessments, but in some cases, you may be able to take a different route. Here are three strategies to help save your HOA money and keep assessments stable.

Is your building or community considering establishing a Neighborhood Watch program? These crime watch programs – joint efforts between homeowners and local police departments – are gaining traction in many communities by helping to deter unusual or criminal behavior. Here are some tips to consider.

Many people want to live in a community that has a swimming pool, and if there’s one in yours, you know what kind of value it brings. While it’s great to think of all those hot days when you and your neighbors can enjoy an afternoon in the water, with it comes many responsibilities community association board members must adhere to that go beyond staying cool or keeping in shape.