HOA Management Blog
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.
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.
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.
You live in a homeowners association and one of the favorite features in your home is the enclosed patio. It’s where you go every morning to sit and enjoy your cup of coffee before beginning the day. As you take a sip, today you notice the peeling paint, cracked concrete, and dying plants. The patio really could use an update. You decide you'll submit your maintenance request at the next HOA board meeting for some new paint, a trellis, small irrigation system, and definitely new concrete.
Fast forward a few months. You’ve learned that your enclosed patio is a “restricted common area.” This means the actual patio belongs to the homeowners association, but can only be used by the owner. So, who is responsible to maintain the patio?
More often than not, a Board may come to the conclusion they no longer need the help of a manager because its members are arrogant, there’s “bad blood,” or it just doesn’t want to pay for the services any longer. A Board may decide it would like to change managers, change to a different management company, or it just doesn’t need the services of a manager at all any longer.
Sometimes an HOA manager gets the short end of the stick, but it’s part of the job and a small price to pay to help an HOA board effectively manage its homeowners association. The manager is usually seen in one of three ways but there are steps board members can take to help the community see the manager in a whole new light.
As a board member in your homeowners association, you probably hear your fair share of complaints against the rules in your Association. Not only that, but you also have to be a part of enforcing them for the good of the community. Even though you know they are there for a reason, more often then not, the homeowner doesn’t realize the purpose of the rule or isn’t informed on the actions they can take to have it changed if they feel it’s unfair. So what do you do when you come face to face with a homeowner who doesn’t like the rules, and insists they are invasive, unfair and just plain silly?
Read the ideas below so you’re prepared to encourage the next member in your homeowners association who confronts you because they don’t like the rules.
How much does your HOA board know about the community associations industry? Learn some basic facts and numbers, and what they mean for the members of your HOA board and Association community.
