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Many people who live in cities like Phoenix and Scottsdale appreciate the rewards that come with living in a high-rise building. Some of the unique advantages include great amenities, security and even concierge services. High-rise buildings are also unique when it comes to insurance coverage. Besides the individual policies that unit owners need to have, the building and common areas must be covered as well.

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).

It happens: Your community gets hit with an unexpected repair cost or rate hike, and you need to generate more revenue. While your goal may be to bring in some cash quickly, it’s important to look at longer-term revenue-generating ideas and options, too.

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

Let's talk playgrounds. As the centerpiece of a community, a playground has a way of bringing both children and adults together, and that creates more tightly knit neighborhoods. It's a fun way to leverage one of your most important amenities toward building community spirit - so long as it happens safely.

Having a diverse group of opinions and perspectives on your HOA board can be a great thing, but it can also lead to challenges because of conflicting personalities. To set you and your association up for success, here are 6 tips to improve board meeting dynamics.

Being a board member isn’t always easy, but it can be very rewarding when you’ve successfully managed your HOA. So what does success look like for a board of directors?

Considering synthetic turf for your community common areas? Understanding the facts on what it's made of, benefits and disadvantages, and how it will affect children or pets will make all the difference when determining if synthetic turf is the right choice for your community!

Now that you’re on the board of your homeowner or condominium association, it’s time to jump right in and start making a difference for your community. But before you begin, it’s important to get clarity on a few important terms all Arizona board members should know.

Do you dread preparing your HOA’s annual budget as much as you dread stepping outside of your Arizona home on a summer afternoon? You’re not alone. For many HOA boards, it’s their least-favorite task. But look at it this way: You’re making sure that your HOA remains financially stable, and that’s an important job.

Is your community interested in introducing a Strategic Community Plan? Read more to learn about the benefits of having a Strategic Community Plan in place and how to introduce them into your association.

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.

Have you considered the importance of effective board communication in your recipe for success? Follow these HOA communication tools and tips for a path to effective communication.

How does your Arizona association handle maintenance? Discover your association's unique maintenance style.

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.

It is always a good idea to evaluate your current HOA management company's performance based on a few key services they provide. After all, the whole point of hiring a professional management company for your homeowners association is to take the daily burden off the board and let the professionals take care of it, right?

This webinar features a lively discussion on how to prevent 3 common budget blunders as well as best practices on reserve funds, budget planning and more.

This webinar features a lively discussion on how to prevent 3 common budget blunders as well as best practices on reserve funds, budget planning and more.

What does it take to make effective board decisions that enhance your community and improve the resident experience?

What does it take to make effective board decisions that enhance your community and improve the resident experience?

Your strata council may not want to think about future expenses given what you need to spend money on today. But eventually, you’ll need to fund the repair or replacement of your building’s big-ticket components. Whether that means replacing the roof, overhauling the elevators or installing a new heating and cooling system, you can’t overlook these projects. So how does your strata plan to pay for them?