As the weather starts to cool, and you see leaves begin to fall from the trees, you know fall is here. It not only means sweaters, cocoa, and warming by a cozy fire but that the holiday season is fast approaching. Every month from October through the New Year will have national holidays that […]
Every state regulates elements of how HOAs operate, and in California. Those regulations include which public documents need to be created annually by the HOA board. There are very detailed and specific requirements and should become familiar with the ins and outs of what is needed. Making sure these documents are created correctly and […]
Volunteering to be on the board of your HOA is
an important position that comes with a lot of responsibility. The board is
tasked with making sure the community is running well and following the requirements
of the governing documents. They solve problems and conflicts, handle the
community’s budget, oversee maintenance and repairs, and much more.
It might seem […]
Reserve funds are an important part of the HOA Boards financial responsibilities. And how HOA’s collect that money is through monthly dues provided by members. A small chunk of monthly dues goes into a reserve fund or a major backup fund that is used for unexpected costs. The amount varies, but what is consistent […]
If you’re renting in an HOA you may not feel the need to keep up to date on the interworkings. In reality, this couldn’t be farther from the truth. Just because you’re a renter does not mean that you don’t owe anything to the neighborhood. You share many of the obligations that owners have […]
What is Censure?
One of the most important pieces of authority that the HOA Board has in its power is censureship. Censuring may sound a little strange and intimidating, and rightfully so, as it is a very serious matter. What exactly does it mean, and when is it appropriate for a board member to be […]
Silvercreek Association Management has been working with Baydaline & Jacobsen LLP Attorneys at Law for many years and we are proud to be associated with this group. Baydaline & Jacobsen has provided 2018 Baydaline Jacobsen Statute Book (00498750-4x9FC5C).
Real Estate Budgeting
When flipping houses or just real estate investment, developing a budget is key to your success as an investor. Budgeting helps you understand the amount of money that will come in each month as well as out. Budgeting allows you to prepare for how much to set aside for unexpected repairs, general […]
Four Sources of Contention
Homeowner Association board meetings can be a great help in furthering frustration. Although another disappointment between board members and homeowners initially come to mind, conflicts between members of the board are surprisingly common and lead to problems and a waste of time. To stem the tide of discontent among board members, […]
Silvercreek’s Thoughts on HOA’s and Loans
Your HOA has a sterling reputation for maintaining a budget, however, it is still in a bind, why? Unforeseen events can arise that require immediate monetary attention, such as repairs after a storm, new legislation, or other issues. In other situations, HOAs don’t have the funds on hand to handle […]