7 Common Questions HOA Board Members Ask About Budgets

August 26, 2022 / by HOA Manager

Many HOA board members get into trouble due to not understanding the operating fund and reserve fund in a homeowners Association. If these two funds aren’t properly maintained, a Board can unintentionally cause the Association to fail financially. Therefore, it’s crucial that Boards understand how to correctly use the operating fund and reserve fund.

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Steps to Take If You Suspect Fraudulent Activity Within the HOA Board

August 12, 2022 / by HOA Manager

Groups that are run by volunteers that handle money are particularly vulnerable to fraud, embezzlement, illegal activities, and scams. HOA boards are no exception. Access to funds is a temptation that some cannot resist.

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What Gives an HOA Board Their Authority?

July 22, 2022 / by HOA Manager

Homeowners associations are like little governments. They have an HOA board of directors that govern and oversee the association and that Board does have some powers. But where does the Board get these powers and authority to enforce their documents and rules?

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Real-Life Questions from HOA Members About CC&Rs, Solicitors & Sellers

May 20, 2022 / by HOA Manager

Each Association is unique, but more often than not your Association has at some point in the past – or will in the future – experience questions similar to the real-life issues addressed below. Continue reading to see if any of these real-life questions and expert answers from an HOA manager apply to your Association.

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What is a Member at Large on an HOA Board?

May 13, 2022 / by HOA Manager

Sometimes it's confusing for volunteers to know and understand their place on the HOA board. Each board member must hold an officer position, but if you have a Board of Directors comprised of more than five individuals, you may have a position called “member at large.” The duties and position of the member at large can often be confusing, and while it may look different for each association, there is general agreement of what the position consists of.

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What is the Purpose of the HOA Bylaws?

May 6, 2022 / by HOA Manager

When you become a member of a homeowners association, you receive a copy of the governing documents. By living in the HOA, you also agree to abide by them, so it's important to  read them and understand what they say. However, these documents often use a lot of jargon and can be difficult to understand. Here's a snapshot of the purpose of the Bylaws in an association.

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How Many Board Members Should an HOA Have?

April 28, 2022 / by HOA Manager

A common question asked among residents in a homeowners association is, how many board members should an association have? The answer is that it really depends on what the association's governing documents state. Typically, the number of HOA board members an association should have is found in the bylaws of the association. But in general, you should have a three- or five-member board of directors. Some have more, depending on the size of the association. A good starting place is to consult your bylaws.

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6 Questions to Ask About How the HOA Board Manages Its Finances

April 22, 2022 / by HOA Manager

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.

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How Can the Board of Directors of an HOA Be Held Liable?

April 14, 2022 / by HOA Manager

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.

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How an HOA Board Can Tackle Hosting a Super Bowl Party for Residents

February 1, 2022 / by HOA Manager

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.

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