As a board member of your Homeowners Association, you might be wondering how to increase attendance at your annual meeting. After all, having high attendance is important for HOAs. The purpose of an HOA annual meeting is to provide a forum for homeowners to come...
No one ever wants to think about emergencies, but the unfortunate truth is that they can and do happen. Living in an(HOA) community has many benefits, such as maintaining property values and having a say in how your neighborhood is run. But what happens when disaster...
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...
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....
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...
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...
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