Search

Safeguarding an association’s operating and reserve funds is one of the main fiduciary duties of all board members, not just the treasurer. This means that boards must protect the financial interests of the association and its members by making sure all funds are properly managed, invested and protected.

The tips in this quick reference guide will help your board communicate better with residents in your community association.

Whether you’re on the board of a single-family homeowners association (HOA) or a high-rise condo association, your community depends on volunteers to operate successfully. However, finding residents who are willing to be on your board of directors, join a committee or help at an event can be challenging.

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.

A strong, healthy association requires every facet of property management to work in sync toward one common goal...true financial stability.

One of the most important responsibilities your community's 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 not for 20, it’s the board’s fiduciary duty to make sure your community association has adequate funds when the time comes. That’s where reserve funds come into play.

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.

Not all property managers have what they need to give you great service. Learn what it takes to be a great property manager.

Developing the annual budget for your homeowners association (HOA) is one of your board’s most important jobs. It requires hard work and often means making difficult decisions about spending. At times, homeowners may question some of those decisions or even vehemently disagree with them.

As a board member, you want to help prevent that to keep your residents healthy and your community association board running smoothly. Read on to learn 4 ways you can help do that.

In a community association, there are necessary rules and policies to allow the sanctity of the board to continue. These HOA rules and procedures help create and maintain order, which keeps the community secure. However, if the rules are too strict and feel unfair, or they are very lob-sided in terms of enforcing them depending on the resident, they can create severe problems for the board.

In a community association, the board of directors are a group of volunteers who execute a wide variety of tasks to maintain their community and improve the lives of residents – all in their free time. The work can become a heavy responsibility. But when they partner with a professional community association management company, together they shoulder some of the liability, stress and workload that comes with managing a board or condo association.

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.

It’s that time of year again – budget season is upon us. You know the things to consider when creating your budget, but what drives your process? Are you focused on achieving a particular vision for your community? Avoiding conflict in the community? Solely looking to avoid increasing dues?

Variables that can affect your board’s specific requirements might include the type of community association or building you have, your location, your available resources and your demographics, to name just a few. Despite these differences, your community association manager board can create an effective – and life-saving – plan by following these eight basic steps.

Humans are social creatures with a deep-seated yearning for connection and community. This is particularly evident in an HOA, where a strong sense of community can be the difference between long-standing residency and high turnover.

We will all need a measure of patience as we navigate changes related to the pandemic. Communications may move at a pace that’s different than we’re used to. As always, the best policy is to assume positive intentions from others, listen carefully and respond professionally.

One of the most challenging aspects of being on the board of your homeowners association (HOA) can be running board meetings. It’s not always easy to keep everyone tuned into the business at hand. In addition, you have to manage the inevitable disagreements among board members. How do you keep these meetings running smoothly?

The holiday season is upon us, and nothing puts you in a festive like pulling your holiday decorations out of storage. Many people derive a sense of community and comfort from seeing familiar decorations at the same time each year.

As community association managers begin their inspection, they note the necessary repairs for winter damage as they make their rounds through the community. The spring season is a time for renewal and a fresh look, so being able to properly landscape around the building is of utmost importance.

Being on the board of your community association is not an easy job. No matter what your level of experience, mistakes can happen. Learn the seven common mistakes board members make and what you can do to avoid them.

Are residents in your community always aware of upcoming events, construction projects and board meetings? Do they understand their responsibilities and the policies they need to comply with?

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