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Your association should never have to rely on a special assessment for a capital expense that could have been foreseen – or even prevented. Here are five tips to keep your Chicago high-rise condominium association's budget in the black and keep up with maintenance and capital improvements.

Whether you're on the board of a high-rise or community association. you want to hire a property management company that will provide the best service for their community. What does that really mean?

Reserve components are association maintained major property components with a determinate useful life. The analysis of the reserve components results in accurate and supportable annual reserve fund contributions.

Maintaining the health of your Minnesota community homeowners association’s finances is similar to the way you keep yourself healthy: make good choices, don’t overindulge and exercise good judgement.

Some self-managed associations believe they can't afford to hire a professional property management company to manage and maintain their community's operations, assets, finances, common areas and other day-to-day activities. However, as you'll learn in this article, a professional property management company is one thing many communities can't afford to be without.

The Board Secretary is responsible for meeting the Association’s legal and financial obligations and maintaining the Association’s records. Depending on the Association’s requirements, some of the following tasks may need to be distributed to other Board Members or it might be necessary to appoint an assistant to the Secretary.

Maintenance issues are something every Twin Cities community association deals with, whether it’s damage caused by a harsh Minnesota weather or regular upkeep, on average, maintenance can account for 25% or more of your association’s overall expenditures.

Community members join committees because they want to make a difference. That’s great, but sometimes, as they say, life gets in the way. Let’s not forget that committee members are all volunteers, which means it might take something a little extra to keep them motivated.

Having a fiduciary responsibility to your homeowners association means putting the interests of your community first. Even the perception of a HOA board conflicts of interest can put you and your association at risk. Learn the nine things you can do to recognize and avoid potential issues.

One of the most important responsibilities your HOA board of directors faces is effectively planning for major common-area repairs and replacements. Whether a costly expenditure is needed in a few years or 20 years from now, it’s the board’s fiduciary duty to make sure your homeowners association (HOA) has adequate funds when the time comes. That’s where HOA reserves come into play.

To help you avoid the most common board blunders, we’ve identified four mistakes and some practical ways to avoid them. By preventing blunders, you can help steer your board in the right direction, which can ultimately help improve your overall community.

You probably know what a good community manager looks like. They work well with people and are familiar with the ins and outs of HOAs. But a great community manager is the foundation to a thriving community.

Most homeowners associations (HOAs) in Nevada are managed by a community management company. So hiring a new management company is a pretty common occurrence in our state.

A well-informed and engaged HOA can help elevate your resident experience and improve property values. Learn what five HOA topics you should know to boost your association’s reputation now and in the future.

Find out what steps residents can take to prevent a cyber attack by reading part one of our three-part series on cyber security.

Technology has come a long way over the past decade. Mobile devices now let you pay credit card bills, order takeout, make doctor’s appointments and store personal information in “the cloud” with the touch of a button or a tap on your phone. Nevada homeowners associations are utilizing the latest digital technologies in a big way.

Be honest: As a board member for your homeowners association (HOA), how much do you think about cyber security? More and more, hackers are targeting small businesses – and remember, your HOA is a small business. In part two of this three-part series, we offer tips that your board should take to keep your community safe from hackers.

You’ve probably seen stories about drones in the news. Or, you might be the owner of a drone yourself. Either way, you know that these unmanned, remote-piloted flight vehicles have come under scrutiny because of safety and privacy concerns. Is there a way your HOA can manage the use of drones in your community?

Be honest: How good are your association’s HOA communication tools? Can residents and board members readily contact each other and your management company? Does your method of exchanging information ensure safety, privacy, and compliance with Nevada HOA laws?

Your board took the time to create a solid budget your association can stick to. Now how do you regularly measure your success at doing so? Regularly generated financial statements are the best tool for keeping an eye on the fiscal fitness of your association.

How does your Nevada association handle maintenance? Discover your association's unique maintenance style.

Without a doubt, beautiful landscaping makes life in your community more enjoyable. But did you also know that it can play a crucial role in boosting your community’s reputation in the marketplace, and consequently enhancing property values?

Are you really getting the best returns on your reserve funds? Most Nevada board members aren’t sure. Learn six ways to improve your reserve fund returns.

Great capital improvements improve property values. Read on to see the three ways to pay for them and the pros and cons.