An HOA audit is just about as important to an HOA as annual health checkups are to you. These audits ensure the financial health of the association. A complete audit of HOA books, however, can be a costly activity. What Is an HOA Audit?…
Members of a homeowners association are bound by agreements known as HOA covenants. As such, before you buy a home in an HOA community, it is imperative to familiarize yourself with the covenants that you must follow. This will prevent any future conflicts between you and…
HOA landscaping plays a critical role in improving curb appeal and has a direct impact on property values. As such, it is imperative for every homeowners association to invest in quality landscaping. The Importance of HOA Landscaping The goal of every homeowners association is…
HOA board members are always concerned about getting sued. A lawsuit is a very serious matter; it can be quite a drain on one’s time, energy, finances, resources, and emotions. Many of us ask, “Why volunteer as a board member if it will only bankrupt…
Can your homeowners association issue an HOA traffic ticket? The answer may not be so simple. Still, it is worth diving into the subject to provide both HOAs and their members some insight. HOA Traffic Ticket: Many Sides to the Debate People seem to…
If you’ve had experience with homeowners associations, you’ve probably heard about the Open Meeting Act. As an HOA board member, it’s important for you to understand what this act entails, how it differs from an open forum meeting, and how it should inform your HOA…
Every HOA has a board of directors that is in charge of maintaining the community. However, community management often comes with a never-ending list of tasks and responsibilities, which can be overwhelming. To get things done, the association can call on its homeowners to volunteer…
Does an HOA pay taxes? It’s a common question a lot of homeowners associations ask. While an HOA does not technically operate to gain profit, it is still bound by tax laws. But, how exactly does it all work? Do HOAs have to file tax…
Unlike insurance for single-family homes — which is pretty much cut and dry — condominium homeowners insurance can be quite complicated. Why? Because as a condo owner, you need to think about insurance coverage for your unit as well as the insurance covered by your…
HOA software is becoming more common nowadays. The industry-specific software for HOAs helps the HOA board navigate the complex responsibilities of running an HOA. Generic software also has its place, as well, such as using Quickbooks for HOA management. HOA accounting software for free can…
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