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Hurricane Plans and Policies: Reduce Your Association’s Risk
Hurricanes can bring tremendous physical destruction and financial ruin to a community association unless policies are put into place to prepare for the storms before they arrive, and to deal with the consequences afterwards. Every board whose association could possibly be impacted by a hurricane must have a hurricane preparedness policy to help maximize safety, minimize risk and ultimately, protect its operating budget too. And just as important as having a policy is communicating the policy to your residents. -
How Your Property Management Company is Your Best Friend During Hurricane Season
As a board member of a condominium or homeowners association near the coast, hurricanes are of special concern. But did you know that the best property management company can help you prepare for the season – and even minimize its impact on your community? That makes your property manager more than just a fair weather friend. -
Seven High-Rise Insurance Tips for Associations and Unit Owners
Many people who live in cities like Phoenix and Scottsdale appreciate the rewards that come with living in a high-rise building. Some of the unique advantages include great amenities, security and even concierge services. High-rise buildings are also unique when it comes to insurance coverage. Besides the individual policies that unit owners need to have, the building and common areas must be covered as well. -
What Goes Into Strata Fees?
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? -
HOA emergency preparedness plan: Keeping calm in a crisis
No board ever wants to find itself in the midst of an emergency, but they happen. Whether you face an outbreak of illness, an earthquake, a hurricane, a fire, the impact of any devastating event can be minimized by good emergency preparedness planning. -
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. -
Alternative Amenity Programming for Your Community
Following the temporary closure of fitness centers, interior lounges and other amenity spaces, boards and owners may want to consider offering alternative programming for residents. -
Understanding loans for HOAs and condo associations: A financing guide
Homeowners associations (HOAs) and condo associations play a crucial role in maintaining the aesthetic appeal and functionality of residential communities. However, managing the financial aspects of these associations can be challenging, especially when unexpected expenses arise. -
7 Steps to a Successful Annual HOA Meeting
Annual meetings allow HOA and condo communities to share information and elect new board members. Learn how to make them successful! -
Making New HOA Rules in Texas? 5 Questions To Ask First
Policymaking for your community is no easy job. Save your board time and effort - ask these 5 questions before drafting new policy. -
2020 HOA Budget Trends: What Has Changed?
Have HOA budgets changed in 2020? Find out what 7 trends have shaped association budget planning this year. -
5 common HOA problems & board mistakes to avoid
We’ve highlighted four common board blunders and included some practical tips for avoiding them. It’s important to identify these potential blunders early to save yourself and your board time and frustration. -
Budgeting for Your Future: Nine Steps to Make Your HOA Dollars Count
Another budget season is here once again, and that means that the boards of homeowners associations are busy planning, analyzing—and grinding their teeth. We know that developing your HOA’s annual budget is not an easy task. However, with the guidance offered in the following nine steps, you’ll be able to get through the process more easily—and without needing to visit your dentist. -
Can Your HOA Handle a Crisis? 8-Step Emergency Preparedness Plan
Is your HOA ready for a crisis, or does your emergency plan need improvement? Download a complimentary guide, HOA Emergency Preparedness Guide: 8 Questions to Ask . -
Financial Health Tips for Your HOA
Maintaining your HOA’s financial health—just like maintaining your personal health—boils down to moderation and good decision making. Eating one deep-fried blooming onion every once in a while isn’t a problem. Eating three or four several times a week is. Keep your HOA financially fit with these four "health" tips. -
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. -
Your HOA Board and Coronavirus: 5 Questions to Discuss
How should your HOA board handle a pandemic like COVID-19? Start by tackling these 5 questions -
Can Your HOA Handle a Crisis? 8-Step Emergency Preparedness Plan
Is your HOA ready for a crisis, or does your emergency plan need improvement? Download a complimentary guide, HOA Emergency Preparedness. -
Reserve Funds: HOA Budgeting Tips to Improve Your Returns
Are you getting the best returns on your reserve funds? Most Arizona board members aren't sure. Find out six ways to improve your association's reserve fund returns, like creating an HOA investment policy. -
Is Your Association Manager Equipped for Success? 3 Questions to Ask
Does your association manager have the right tools, resources and support to take your association to the next level? -
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. -
6 Ways Your Board Can Improve HOA Meetings
Having a diverse group of opinions and perspectives on your HOA board can be a great thing, but it can also lead to challenges because of conflicting personalities. To set you and your association up for success, here are 6 tips to improve board meeting dynamics. -
Seven Best Practices for HOA Budgeting
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. -
3 Strategies to Keep HOA Assessments Stable and Add Value
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.