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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.

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.

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.

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?

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.

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!

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.

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.

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?

Learn why effective HOA policy starts with a strong communication plan.

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: