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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 1: How Residents Can Protect Your HOA
Ignorance is not bliss, especially when it means potentially leaving your homeowners association (HOA) at risk of a cyber attack. And that’s exactly what you’re doing if you don’t recognize that your HOA is as much of a target as any other small business. -
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. -
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. -
Six Simple HOA Board Meeting Rules for Success
A great board meeting should have a balance of diverse opinions and discussions that are rooted in your community’s overall vision. Start with these 6 simple HOA board meeting rules. -
3 Strategies to Keep HOA Assessments Stable and Add Value
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. -
Tips for Keeping Homeowners Engaged in Your Community Association
Regardless of the size of your community, or where it’s located, there is always one thing that every community association board and committee needs: resident volunteers. However, volunteers are often a scarce resource. Here are some tips to combat apathy. -
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How to run an HOA: 10 habits to improve your community association
While the start of the new year is typically heralded as the best time to change old habits and commit to new ones, the reality for community associations and their board members is that there’s no time like the present. These 10 changes will help you get your board and your community association on the right track for the rest of the year. -
10 things community board members must know to manage HOA pools
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. -
HOA financial management: Tips for greater financial strength
So what’s the most important aspect of your community? Is it aesthetics? Sense of belonging? Neighbors knowing neighbors? Desirability to home buyers? -
Making the Rules: How to create and enforce HOA policies
They say that good fences make good neighbors. Rules can work the same way – putting the right parameters in place can help keep everyone happy. Too few rules result in anarchy, and too many rules start to feel onerous to residents. -
What to look for in a property management company
Let’s face it: being a board member of your homeowner association isn’t easy. Neither is self-managing your property. For many boards, hiring a professional property management company is the best decision they’ll make for their community. -
12 things to know about HOA board of directors insurance
Are you an insurance expert? Unless you sell it, the answer is probably “no.” But if you’re a member of your HOA’s Board of Directors, it’s a really smart idea to have a basic understanding of the policy that protects your association from liability. -
How to find a good insurance agent: 15 things to consider
You’re a member of your community association’s board, and it’s time to review your current insurance policies and providers. While it may be tempting to maintain your current relationship, you may find that significant savings can be found when you shop around. -
Five ways to improve board member communication in your HOA
How well your board communicates has a tremendous impact on your community association. Great communication can lead to better relationships with residents – both homeowners and renters – and helps build a stronger sense of community. -
Planning your community budget: 6 tips to follow
Experienced property managers have created countless budgets, and they’re familiar with the best practices entailed in creating one that helps your community accomplish its goals. So to help you get started, here are six community budget basics you can follow. -
FAQs for annual meeting and HOA special meeting notice
Annual and special meetings can have their own set of rules and needs. Read on to learn more about these two important types of meetings for your HOA or condo association board. -
“Be Genuinely Helpful": Giving Back to Our Communities
Learn how associates and residents are making a difference in their communities, providing grocery delivery and food delivery, during the COVID-19 pandemic. -
HOA Meetings: What to do and how to prepare
Regardless of how you feel about them, board meetings are more than just something your community association chooses to do. They are something your community association must do. Board meetings are crucial to the governance of your community association. If they aren't run effectively, chances are your association won't function well either. -
What Makes a Great Board Member
Dale Young, director of portfolio management at FirstService Residential, and other industry experts reveal the common characteristics of effective and functional boards. -
Renter and tenant communication: Why it matters to your association
Does your board and management team communicate to the renters in your community? If no, why not? In communities where renters makeup a significant portion of the residents, they are often overlooked by the people running the community.