Financial Management Tips for HOA Boards: Ensuring Long-Term SuccessFinancial Management Tips for HOA Boards: Ensuring Long-Term Success
Managing a Homeowners Association is no small task. As an HOA board member, you're responsible for maintaining your...
Important Tax Deadlines for California HOAsImportant Tax Deadlines for California HOAs
While understanding tax deadlines and requirements is crucial for any HOA board, navigating through these can be...
3
Min Read
The Key to Unlocking Financial Resilience in Your HOAThe Key to Unlocking Financial Resilience in Your HOA
Homeowner associations are at the heart of community well-being, orchestrating the collective rhythm of neighborhood...
3
Min Read
The Impact of Inadequate Reserve Funding by the HOA BoardThe Impact of Inadequate Reserve Funding by the HOA Board
Homeowners associations are established to ensure the proper maintenance of common areas, amenities, and other...
5
Min Read
How Often Do You Recommend Doing a Reserve Study?How Often Do You Recommend Doing a Reserve Study?
Reserve studies are a critical tool for HOAs to help ensure that they have adequate funds available to cover future...
Who Profits from HOA Dues?Who Profits from HOA Dues?
In a homeowner's association, members pay their assessments, and those assessments are divided between operating and...
7 Common Questions HOA Board Members Ask About Budgets7 Common Questions HOA Board Members Ask About Budgets
Many HOA board members get into trouble due to not understanding the operating fund and reserve fund in a homeowners...
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Min Read
Steps to Take If You Suspect Fraudulent Activity Within the HOA BoardSteps to Take If You Suspect Fraudulent Activity Within the HOA Board
Groups that are run by volunteers that handle money are particularly vulnerable to fraud, embezzlement, illegal...
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Min Read
6 Questions to Ask About How the HOA Board Manages Its Finances6 Questions to Ask About How the HOA Board Manages Its Finances
The Board of Directors for your homeowners association has an immense financial obligation to the community. One of the...
2
Min Read
What to Do if Your Homeowners Association is Facing ForeclosuresWhat to Do if Your Homeowners Association is Facing Foreclosures
As a Board member of a homeowners association you may be faced with making decisions to foreclose on homes in your...
How an HOA Board Can Find Funds When Faced With an Unexpected ProjectHow an HOA Board Can Find Funds When Faced With an Unexpected Project
It’s inevitable – someday you’re going to be faced with a project in your homeowners association that has to get done...
2
Min Read
Can the Reserves Be Adjusted for Items Costing More Than Planned For?Can the Reserves Be Adjusted for Items Costing More Than Planned For?
Picture yourself in this scenario: The clubhouse needs a new water heater and it will cost $10,000. But all prior...
2
Min Read
3 Options if You Need to Make a Big Repair NOW in Your Association3 Options if You Need to Make a Big Repair NOW in Your Association
As a general practice, what does an HOA board do if there’s a problem in the association that exists right now, but not...
3
Min Read
How to Eliminate the Risks of Inadequate HOA Reserve FundsHow to Eliminate the Risks of Inadequate HOA Reserve Funds
The risks of not having enough HOA reserve funds for your community are as serious as the risks of not having enough...
1
Min Read
Does Your Homeowners Association Budget Include the Right Components?Does Your Homeowners Association Budget Include the Right Components?
Many homeowners associations operate on the fiscal year (July through June). If your Association is one of them then...
1
Min Read
Can a Board Use Reserves for an Item Not Listed in the Reserve Study?Can a Board Use Reserves for an Item Not Listed in the Reserve Study?
The purpose of the reserve fund is to plan for future repairs and replacements in the association. But what about...
2
Min Read
How To Interpret Your HOA Reserve StudyHow To Interpret Your HOA Reserve Study
More often than not, sitting down to review your HOA reserve study can be about as easy to understand and enjoyable as...
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Min Read
3 Reasons It's Crucial to Regularly Collect for Reserves in Your HOA3 Reasons It's Crucial to Regularly Collect for Reserves in Your HOA
Reserve funds are not an extra expense. They are part of the ongoing expenses of the homeowners association which...