HOA Management BlogRecent Posts
The Board of Directors for your homeowners association has an immense financial obligation to the community. One of the HOA board's most important jobs is to keep legible and accurate financial reports and records. These reports and records provide an overview of your community’s revenue and expenses against its financial projections or budget.
An HOA board of directors has a fiduciary responsibility to the association. They're tasked with upholding the governing documents and the rules of the association. There's also the business judgment rule that says if the board receives expert advice on a topic, and they follow that expert advice, it provides them with a level of protection if there's a lawsuit against the board or the association.
Moving into a homeowners association can present some surprises if you aren’t informed beforehand. It’s up to you to ask the right questions before making the big purchase of buying any home. There are some specific things to consider when purchasing a home that’s a part of an Association.
Parking in a homeowner’s association is always a hot topic. From where it’s ok to park and not to park to enforcing parking rules and even issuing parking tickets, homeowners tend to be very territorial about their parking spaces - and adamant on making sure others living or visiting in the HOA don’t get away with ignoring the parking rules. That being said, sometimes you get a controlling HOA board that wants to take all parking matters into its own hands – going as far as issuing parking tickets. But can they do this?
Building community among residents in your homeowners association can be a challenge, especially in the world's current environment. People have busy schedules, won’t commit to attending events, aren't ready to be a part of larger gatherings, or simply don’t want to be bothered. However, if you host a gathering and nail it, then they’ll be more apt to attend next time, start getting to know their neighbors, and maybe even start to show interest in getting involved on a committee.
How is your homeowner's association doing? Is everything running easily and smoothly? Do you have interested members at each HOA board meeting? Is your reserve fund fully funded? What would you do if you were faced with a lawsuit or an unexpected project? If you answered no to any of these questions or don’t know the answer at all, below are 5 reasons you should consider hiring an HOA manager this year.
Since a new year is about to begin, this may be a good time for the HOA board to communicate with the Association members about several ways they can help make the community an even better place to live in the next year and beyond. See the list below for ideas to get you started.
There seems to be one in every homeowners association. That one HOA board member that consistently disagrees, goes against the majority, or at the very least enjoys playing devil’s advocate. Do you have a Scrooge – a mean spirited, miserly person – on your Board? There are ways you can deal with them.
During the holiday season many homeowners association members plan festivities with friends and loved ones. With all of the merriment that’s sure to ensue, it’s important that the HOA board reminds residents who are hosting celebrations to not only be considerate of their neighbors, but also take note of the Association’s rules.
Most people who live in a homeowner’s association know that there are certain rules to follow. There are many reasons why people might ask why we have HOA rules. You may have chosen to live in an HOA because the rules there make you feel safer and increase property values. You may have just agreed to the rules because you found your ideal home at the time and the rules came with the neighborhood. You may also be on the opposite end of the spectrum and be wondering why we even bother having HOA rules when no one in the association seems to follow them – or enforce them.
