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...
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...
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...
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....
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...
Recent Comments