Living in a homeowners association offers numerous benefits, such as shared amenities, maintenance services, and community regulations that contribute to an attractive living environment. However, disagreements and concerns regarding violations of HOA rules can arise among homeowners. When homeowners report perceived violations, it’s essential to understand the role and responsibilities of the HOA board in addressing these concerns.
Homeowners associations are established to ensure the proper maintenance of common areas, amenities, and other community resources. To fund these, HOAs rely on the contributions made by homeowners in the form of regular assessments and reserve funds. The reserve fund is essential in ensuring that the HOA can cover unforeseen expenses, repairs, or replacement of community property. However, what happens when the HOA board fails to maintain the reserve fund at a proper level for the association?
Reserve studies are a critical tool for HOAs to help ensure that they have adequate funds available to cover future repairs, replacements, and other significant expenses. These studies provide a comprehensive financial analysis of an HOA's reserve fund, including an inventory of the property's common elements, estimates of their remaining useful life, and projected costs for their repair or replacement.
Homeowners associations (HOAs) are organizations responsible for maintaining and managing common areas and amenities within a community. To accomplish their objectives, HOAs require funds, which are raised through member assessments.
As an HOA management company, one of the most pressing issues facing homeowners associations today is how to handle short-term rentals. Short-term rentals, such as those offered through Airbnb and other vacation rental platforms, have become increasingly popular in recent years. While they can provide homeowners with an additional source of income, they can also lead to a range of problems for HOAs, including noise complaints, property damage, and parking issues. Let’s explore some best practices for HOA boards when it comes to managing short-term rentals.
As a member of a homeowners association (HOA), you may find yourself wondering about the petty rules that govern your community. Are they necessary? Are they enforced? Do they serve a purpose? These are all valid questions that HOA members should be asking.
As a member of a homeowners association, it’s important to know your rights and options when it comes to the governance of your community. One issue that may arise is the removal of officers, such as HOA board members, before the end of their term. So, can HOA members remove officers midterm? The answer is yes, but there are specific procedures that must be followed.
As a member of a homeowners association, you’re likely familiar with the importance of paying your HOA fees on time. These fees are used to maintain and improve the common areas of your community, including things like landscaping, maintenance of community amenities, and other essential services. However, what happens when a homeowner fails to pay their HOA fees? In this blog, we’ll explore the consequences of not paying HOA fees and why it’s essential to stay current on your payments.
As an HOA board member, it's important to understand the roles and responsibilities of those in charge of setting up the rules in your community. The primary individuals responsible for this task are the board of directors, also known as the board of trustees or board of managers.
The board of directors is elected by the members of the HOA and is responsible for making decisions on behalf of the community. This includes setting rules and regulations for the community, as well as enforcing those rules. The board also sets the budget for the community, manages the finances, and oversees the maintenance and upkeep of common areas.
As an extension of the Hignell Suite of Companies, Hignell HOA Management is excited to announce that The Hignell Companies is celebrating 75 years in business and marking this milestone anniversary by launching a new logo for the Hignell brand.