What Is A Fully Funded Reserve?

What Is A Fully Funded Reserve?

HOA board members are supposed to do everything they can to keep the association financially healthy. To exercise this responsibility, they need to deal with reserve funds successfully.  In addition to being aware of what this money is used for, HOA managers and...

Homeowners Insurance vs. HOA Insurance: What’s The Difference?

Homeowners Insurance vs. HOA Insurance: What’s The Difference?

Many people don't know the difference between homeowners insurance vs. HOA insurance. When you are a homeowner, it is important to have homeowners insurance. This type of insurance protects you if something happens to your home. But what if you are a part of a...

HOA FHA Approvals: What You Need to Know

HOA FHA Approvals: What You Need to Know

It's no secret that the housing market is booming again. As prices continue to rise, more and more people turn to the FHA loan program to buy a home. But what is an FHA approval? Do HOAs really need one? FHA loans are a popular choice for many first-time homebuyers....

How To Create An HOA Violation Letter

How To Create An HOA Violation Letter

Whether you’re a resident of a small condominium or apartment complex, you must comply with all the rules put in place by the homeowner's association (HOA).  Also, all the HOA board members should be aware of the regulations and how to use them correctly. The...

Is Your HOA Reserve Underfunded? What To Do Now To Fix It

Is Your HOA Reserve Underfunded? What To Do Now To Fix It

An HOA's reserve is an integral part of its financial stability because this fund helps pay for significant repairs and replacements that come up over time.  Unfortunately, many HOAs have underfunded reserves, which can cause some big problems down the road. When...

The Pandemic’s Impact On Homeowners Association (HOA) Budgets

The Pandemic’s Impact On Homeowners Association (HOA) Budgets

The pandemic has left some lasting effects on many businesses, including struggles with budgets and revenue. Homeowners Associations (HOA) have also been significantly impacted across the country.  In particular, the outbreak has led to an increase in expenses...

Can An HOA Change Its Assessment Allocation?

Can An HOA Change Its Assessment Allocation?

Buying a home within a homeowners association community comes with several responsibilities, including paying HOA dues and assessment fees as stipulated by the HOA governing documents. These payments are mandatory and backed by the laws of the association involved....

How To Create A Budget In Mixed-Use Associations

How To Create A Budget In Mixed-Use Associations

It is no secret that saving money is important, especially when it comes to managing properties and communities funds. Running an association can be a challenge, and the only way to successfully run an HOA is to create a proper budget.  Creating a budget requires...

HOA Management: Why You Need A Reserve Study

HOA Management: Why You Need A Reserve Study

If you are an HOA Board Member, you have a tough job. Your responsibility is to manage the community while also watching out for the bottom line. It can be challenging to balance these two goals, so having a reserve study will help. The reserve study is critical for...

What Does The Code Of Ethics Mean For HOA Board Members

What Does The Code Of Ethics Mean For HOA Board Members

A code of ethics usually referred to as a code of conduct, is much more than a set of rules. The code of conduct of HOA board members explains the key elements you must follow and informs you when you have crossed the line.  In addition, it gives a benchmark...

In 10 Years, ‘Remote Work’ Will Simply Be ‘Work’

In 10 Years, ‘Remote Work’ Will Simply Be ‘Work’

An interview with Prithwiraj Choudhury, a Harvard Business School professor who specializes in the future of work and studied companies that went 100% remote long before the pandemic. By Henry Ren February 16, 2022, 12:27 AM GMT+8 A decade from now, offices shall...

Should Short-Term Rentals Be Allowed In HOA Communities?

Should Short-Term Rentals Be Allowed In HOA Communities?

  Short-term rentals or Airbnb’s are controversial because of their effects on communities. On the one hand, many homeowners enjoy extra income and appreciate meeting new people when they rent their homes for short periods.  However, other residents get...

AN ASSOCIATION IS MORE THAN JUST A BUNCH OF HOMES

IT'S A COMMUNITY OF PEOPLE

Our promise to you is that we remain diligent in understanding your community’s specific needs. We refine and tailor our work and bigger picture goals to ensure that your community consistently runs smoothly, residents’ needs are heard, guidelines are communicated, and that a happy, healthy neighborhood is continually fostered.

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