If you’re finding it difficult to understand HOA management, you’re not alone. Learn the answers to the most commonly asked questions about the subject below. What Is HOA Management? To understand HOA management, you must first know the meaning of HOA. HOA stands for…
Every community association reaches a point where they need to decide whether to soldier on with self-management or to hire professional help. Such a decision can be difficult to make, especially when you don’t know the difference between self management vs professional HOA management. Learn…
HOA reserve funds are integral to any homeowners association. Without them, your HOA may be forced to make unpopular financial decisions or delay crucial repairs. What Are HOA Reserve Funds? What does reserve funds mean? A reserve fund functions as the association’s savings account….
HOAs should strive to make a good first impression with their new residents. A warm welcome can go a long way in cultivating a strong, harmonious relationship with your new homeowners. Here’s how to create an HOA welcome packet that your new residents will appreciate….
Every association has board meetings, and every resident of that association is allowed and welcome to attend these meetings, if there has been public notice (usually with a postcard or noted on the HOA’s website). All residents are not only encouraged to read the prior…
One of the hardest parts about running a homeowners association is collecting dues, especially when they become delinquent. How can your HOA reduce delinquencies? Let us count the ways. Helping Your HOA Reduce Delinquencies Using These Methods Homeowners associations face unpaid dues and overdue balances…
Reserve studies are intended to help financially prepare an association for the inevitable necessity of major repairs or replacement of facilities, equipment and other assets in a community association’s common areas. Since the association is required to maintain these items, it is critical that the…
HOA political signs are a bold display of support for a cause that a resident believes in. However, do these political sign displays have a place in a managed community? Political signs in your HOA is a good thing. It can be a healthy display…
Homeowners association disputes are very common. Given the diversity within a community, there’s no guarantee that the members will get along with each other all the time. Nevertheless, HOA board members need to have an effective strategy for dealing with neighbor disputes. Here’s what you…
The still struggling condominium market may get a boost due to actions taken by the Federal Housing Administration (FHA). FHA issued new mortgage guidance for FHA insured condominium loans that could significantly affect condo financing and boost the housing recovery. Since the housing crisis began,…
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