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Capital reserve fund vs. improvements: Budget for both and know when and how to allocate them in your Texas HOA for a continuously improved community.

In this article, we'll cover what underfunded HOA reserves are, how they happen, as well as the risks and what can be done about it.

Learn about special assessments as a way to fund unexpected capital improvements

Handling day-to-day maintenance and making necessary improvements are critical responsibilities for any homeowners association (HOA). And when your serve on your association’s board of directors, they can quickly become overwhelming if you don’t have a good system in place to manage them. So how do you make sure that your maintenance staff is able to handle that long list of tasks that need to get done so that your community runs smoothly and retains its appeal?

The half-year mark has come and gone and we’re now staring budget preparation season in the face. With just a little preparation you can charge forward to tackle this budget with confidence. As North America’s leading association management company we are no strangers to annual budgets. In our experience the first step to successful budget planning is a little preparation. Here are a few quick tips to get you started on the right foot.

Your reserve study is important to your financial health, but how do you get one? How do you choose the right reserve study firm to conduct it? Learn more.

The fact is, money matters—and frugally stretching every dollar has become a popular trend. So it should come as no surprise that condo owners are now leveraging their homes as short-term rentals to make a little extra money. However resourceful this may be, renting out your home on a short-term basis has the potential to negatively impact property values, the quality of life for residents in your building and the overall morale of your community. Let’s talk about proactive, practical solutions to combat this rising trend before it becomes a real problem.

There's just something about living among a community with lights stretched around each tree that inspires a childlike enthusiasm for what lies ahead.

After partnering with thousands of board members like you, we've identified 5 tips to help you be successful this year.

No doubt, your community pool is a source of summer entertainment for the homeowners in your community. With the 2016 pool season wrapping up, now is the perfect time to begin considering repair and improvement projects for the following year, such as pool resurfacing. Knowing the facts about pool resurfacing can help alleviate any hassles and ensure your community enjoys a quality pool experience for years to come.

Before planning next year's budget, carefully examine how HOA and COA budget transparency shows residents how their money will make a visible difference.

A DC resale certificate is a disclosure package that outlines the financial, legal, and operational details of a condominium association (COA). Learn everything you need to know in our guide.

You and your fellow board members want what’s best for your condo corporation. You’re serious about your fiduciary duty and about protecting the corporation’s interests. Misunderstanding some important facts about insurance can actually put your community may be at risk.

At one time or another, every condominium corporation has to spend money on replacing equipment or making major repairs. Whether that means replacing a roof, installing a new ventilation system or any other big-ticket project, they are a necessity. But how should your condo corporation pay for them?

Every condominium corporation needs rules and policies. But if your condo board doesn’t carefully think them through or doesn’t implement them properly, they can backfire. Rules that go too far or enforcement that is inconsistent or lax can lead to animosity among residents and can chip away at your condo’s sense of community. How can your board implement rules and policies that won’t cause these types of problems?

What does a community manager do, and how do they work with condo corporations and boards? Learn what you need to know in our article, from specific manager roles to board positions.

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/contributions?

Frozen pipes are an unwanted, but common, occurrence during Alberta's cold winters. The damage caused can be significant to condominium units and shared property. Our cold weather warning offers condominium residents tips to prevent frozen pipes and the water damage that results.

It’s budget season! Are you stressed? Concerned about a potential dues increase or a large capital project that’s looming in the future? The word “budget” can be scary, so thinking about creating next year’s budget is daunting for many homeowners boards. We’d like to change that.

Get the details on creating a strategic plan for your community.

The annual budgeting process offers an opportunity for your board to explore your condominium’s current financial condition and to ensure your community’s financial stability for the future. Successful condominium management hinges on a well thought out budget for both short-term and long-term planning.

As a board member of a condominium corporation you have an important role that should not be taken lightly. Remember, in addition to the responsibility you have to the members of your community from a business point of view, these people are also your neighbours and friends.

Self-managing your condominium property may seem like it saves money, but does it really? Why the cheapest property management option may not be the best.

There are two main types of Alberta condo insurance: unit owner insurance and condo corporation insurance. Learn everything you need to know about condo insurance in our guide.