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Your reserve fund is an important way for your homeowners association (HOA) to plan and budget for the future. It gives you the financial ability to maintain the quality of your community by funding necessary—and expensive—projects. Rather than covering day-to-day maintenance expenses, a reserve fund is intended to be used for major expenses like roofing, paving and capital improvements (for example, new construction or remodeling).

As a self-managed association, do you need a management partner? Before making that choice, ask these 6 questions.

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.

You may take on several responsibilities as an HOA board member, but Human Resources (HR) should not be one of them. In order to avoid employer liability, your board should leave HR responsibilities to a professional community management company.

Have you ever been in a situation where you didn't know who to call when an issue in your HOA came up because you live in a sub-association of a master-planned community that has two different community management companies? This is a consistent challenge for many homeowners living in multiple managed communities.

Like changing the oil in your car, regular maintenance on a building helps keeps everything working properly and safely. For stratas, some tasks are not optional, they are mandatory.

Up to 60 percent of strata home owners in the Greater Vancouver Regional District lack insurance. A good policy will protect your biggest asset and help you keep your head above water.

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.

As strata managers begin their inspection, they note the necessary repairs for winter damage as they make their rounds through the community.

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!

Safeguarding a strata corporation’s operating and reserve funds is one of the main fiduciary duties of all board members, not just the treasurer. This means strata councils must protect the financial interests of the strata corporation and its members.

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?

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

Being part of a Homeowners Association is rewarding – yet it can also be challenging at times. Board members are often tasked with difficult duties ranging from proper financial stewardship to navigating community conflicts, and much more.

Is your association really prepared for an emergency? Learn how to develop an HOA emergency preparedness plan in 8 steps.

Great policies can help your association run smoothly, enhance the resident experience and improve your reputation. Here are five questions to ask before creating a new HOA policy.

Living in a high-rise is unlike any other experience. The amenities, concierge-level services and proximity to cultural and entertainment options can be particularly appealing. Vertical communities can face challenges related to the close quarters of residents. Here are some policies to consider to create a more harmonious environment for all.

How do you tackle alignment as a group of diverse individuals with unique values? Follow these four tips on HOA agreement to find out.

How should your HOA board handle a pandemic like COVID-19? Start by tackling these 5 questions.

Does your association manager have the right tools, resources and support to take your association to the next level?

Enforcing HOA policies is nobody’s cup of tea, but having good policy enforcement in place helps improve the resident experience and elevates your reputation. Follow these 4 principles for healthy policy enforcement:

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?

Association leadership plays an important role in creating harmonious communities. This applies to board members and community management professionals to work in partnership. Here are seven steps to a happy community.

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.