Search

Congratulations! You just bought a new home and it’s perfect for your family – just the right size, condition, location and neighborhood to meet your needs. Your new home is part of a homeowners’ association (HOA), which means you will pay HOA fees. What is an HOA fee? What do they pay for?

The chief responsibility of a community association board member is to preserve, protect and enhance the community. That includes, above all else, its financial health. But you can’t affect the financial health of your community if you don’t understand where it is when you join the board. Balance sheets are the best tool for gaining that basic understanding.

Read on for more about how to best complete your next annual association budget, a budget that will enhance your property values and improve your residents’ lives.

Your community or condominium association is there to protect the interests of all of its members. However, there may be situations when one or more residents don’t believe that the association is on their side. Hopefully, everyone involved can come to a reasonable solution, but if you can’t, it’s possible that your association – and even your board members – could become the target of a lawsuit.

You know that your association needs to have the right insurance coverage in place. So you have property coverage, liability insurance, workers’ compensation, directors and officers (D&O) and an umbrella policy in place. Premiums are paid regularly and on time. Did you know that’s not enough?

Nothing lasts forever…and when it comes time to replace your high-rise roof, community pool or to add new amenities, your association will need to determine how to pay for it. All of these things – significant repairs and replacements, as well as new construction – are considered capital improvements.

Managing your pool properly is important! Learn more about maintenance, safety issues and compliance matters that go into correctly operating a community pool.

A good spring-cleaning can do wonders for your community association. Here are some tips to get your started.

Your fiduciary responsibility is the most important commitment to fellow homeowners. Learn cost containment strategies that can save your association money.

The COVID-19 pandemic is presenting unique challenges to shaping a solid 2021 budget. Is your association budget on target to meet your short-term goals and help achieve your long-term vision?

A proper budget is the cornerstone of any business, and a Condominium or Homeowners Association is certainly no exception. Here are steps you can take to make the process as painless as possible.

Property taxes are a reality for all property owners, but they can petition for an appeal. Condo owners and association Boards can file a joint petition for property tax appeal to cover all units in the building.

Estoppel certificates are a critical part of any real estate transaction and can be confusing. What's included, how are they created, what does it all mean? Learn more here.

A great board treasurer has skills and characteristics to tackle the responsibilities of planning and strategizing the financial livelihood of a community. The right treasurer can make a big difference!

Get helpful tips that your HOA or condo association can do to reduce energy consumption and lower your community’s electric bills. Learn more!

The holidays are a time of joy, cheer, softly twinkling lights and tasteful wreaths, but holiday decorations mean different things to different people. Learn four ways to manage this!

Today’s active adult communities are growing in popularity in Florida and across the country, spurred in great part by the maturing U.S. population. As interest in activity-rich, amenity-driven lifestyles increases for the 55-plus group, existing age-restricted communities are working hard to adapt their facilities and programming in order to compete in the changing Florida active adult community marketplace. At the same time, developers and builders are searching for the best strategies to make new ventures stand out from the crowd.

One of the perks of high-rise living is the long list of amenities. They could very well be the deciding factor for many home buyers. Today, the most popular amenities include yoga studios and children's playrooms.

When your association has to invest in its property, whether for repairs or a new construction project, the financing for that work must be considered as carefully as the work itself

Often, expectations are not met when dealing with vendors. These tips will help you get the most from your contractor.

The Nissan Leaf and Chevy Volt made their debut as the first US mass-market plug-in electric vehicles (PEVs) more than five years ago. Nearly half a million have jumped on the PEV bandwagon. What does this mean for community associations?

Learn ways your association can offset the financial impact of the COVID-19 pandemic.

Tending to your community's landscaping sends a clear message that your property is desirable, prosperous and well managed. Here are tips to make your community the neighborhood's pride and joy!

In June, the Miami Beach City Commission unanimously approved an ordinance to increase the city's minimum wage. First proposed by Mayor Philip Levine, it will take effect on January 1, 2018.