Who Profits from HOA Dues?

September 28, 2022 / by HOA Manager

In a homeowner's association, members pay their assessments, and those assessments are divided between operating and reserve accounts. That money goes to pay for the upkeep of common area components in an association. Individual board members should not have access to those funds.

The idea isn't that an individual or small group would profit from the assessments being paid, but rather that all members would collectively benefit because that money's being used for the common good of the entire homeowner’s association.

Read More

A Crucial Question Before Moving into an HOA: How Much Are HOA Fees?

October 22, 2021 / by HOA Manager

Did you know you can request a copy of the CC&Rs that detail just about everything you need to know about the HOA, prior to becoming a member? You can and you should! One of the important factors is how much you will be paying in monthly HOA fees.

Read More

How Amenities Help With the Collection of Unpaid HOA Fees

November 11, 2020 / by HOA Manager

When living in a homeowners association residents are expected to pay assessments that are used to make the community a nice place to live. These fees contribute to utility and vendor bills, maintenance, short term and long term projects, and upkeep of amenities such as the pool.

Read More

Test Your Knowledge: How Much Do You Know About HOA Fees?

October 11, 2020 / by HOA Manager

Pop quiz! Do you understand your HOA fees? If you’re an informed member of your homeowners association, you should pass with flying colors. If you fail, well then, you need to plan a study session to brush up on your HOA knowledge.

Read More

Why a Loan is (Sometimes) a Good Idea for Your Homeowners Association

June 24, 2020 / by HOA Manager

Your association board is planning for the big project on the horizon, and is currently reviewing how to finance it. For several reasons, you don’t believe you’ll have enough funds in the association’s operating budget or reserves to cover the project’s entire bill. What should you do? Split the project up over several years, levy a special assessment, or maybe get a loan?

Read More

How to Minimize Maintenance Expenses and Keep HOA Fees From Increasing

April 14, 2020 / by HOA Manager

We all know how important it is to try and consider taking a green approach in our daily routines. What if you could go green while also helping the community in your homeowners association? Residents can help their homeowners association minimize its maintenance expenses, which can also avoid HOA fees from increasing, by observing a few simple green considerations.

Read More

Benefits of Offering Electronic Payments for HOA Fees

January 30, 2020 / by HOA Manager

Is your board constantly faced with residents who don’t pay their monthly HOA fees on time?

Read More

What NOT to Do When Collecting HOA Fees

October 7, 2019 / by HOA Manager

If just a few homeowners aren’t paying their HOA fees it can be felt very quickly in an association’s budget. It can also cause a ripple effect. If too many homeowners fail to pay their HOA fees, lenders might start to be unwilling to finance mortgages in the association. This could lead to a decrease in property values. 

Read More

HOA Fees: A Clear Collection Policy is Essential for Your HOA Board

June 28, 2019 / by HOA Manager

Every HOA's number one priority is the legal fiduciary responsibility to enhance and maintain their property.  The only way to do that is by collecting HOA fees. That's why a clear collection policy is a must-have for your HOA board.

Sounds like fun, right? Maybe not. However, it's important to communicate a detailed collection plan for HOA fees. By managing homeowner expectations about fees and the need for timely payment, you can help your board (and especially your treasurer) meet their goals and reduce the need for costly fee collection.

Read More

Tips to Keep Assessments from Increasing in the Homeowners Association

May 24, 2019 / by HOA Manager

Keeping assessments from constantly increasing in a homeowners association is one of the most important things an HOA board and its members can strive to do. The Association must balance keeping up with all its financial obligations and making sure fees stay as low as possible. Generally, these two feel like they work against each other. 

Read More