Every community has unexpected expenses: large repairs, renovations, etc. Some situations within a community governed by an HOA call for outside financing. Acquiring a loan requires proper financial planning and clear communication between the HOA and its homeowners, so below are some of the points…

Like many other organizations, homeowners associations can also encounter a bad debt. But, what is HOA bad debt anyway? And how can associations prepare for this?   What Is HOA Bad Debt? Debt is a monetary amount owed by a debtor to a creditor. A…

This article is provided by Arch Capital Solutions. Arch Capital Solutions specializes in arranging HOA loans for community associations throughout the country.   Inflation Is Here Virtually, all economists agree that the economy is humming. The country’s unemployment rate is at the lowest level in…

Homeowners associations are, in many ways, business organizations. They collect dues from members and, in return, provide amenities and services as well as help preserve property values. While it may seem like a simple operation, managing an HOA comes with its own set of challenges…

Anyone familiar with how a homeowners association works know that there are certain fees members should pay. Apart from regular dues, homeowners may also need to pay HOA assessments. But, what is an HOA assessment anyway?   What Are HOA Assessments? HOA assessments are also…

Many HOAs have issues covering their operational expenses and as a result, end up charging homeowners with additional fees. In the interest of maintaining resident morale, association boards need to look carefully at their budget. You need to look for ways to reduce costs in…

Planning an HOA budget can be difficult work, especially if you’ve never done it before. With so many things to consider, it’s easy to lose track of the details. Luckily, adopting these HOA budget best practices can ensure a smooth preparation.   HOA Budget Best…

Accounting is arguably one of the most challenging aspects of managing an HOA community. Yet, HOA accounting remains an integral part of your job as an HOA board member.   The Importance of Proper HOA Accounting A homeowners association functions in very much the same way…

Investing HOA reserve funds is an interesting decision that could set up an association for financial growth. However, any HOA reserve funds investment policy carries its share of risks.   Investing HOA Reserve Funds: Yay or Nay? Any investment decisions should be made carefully and…

Homeowners association dues collection poses many challenges, the most difficult of which is getting homeowners to settle their late fees. In these instances, it is usually more reasonable to outsource the task to an HOA collection agency.   What Is an HOA Collection Agency? Simply put,…

The annual budget is a cornerstone of every homeowners association. Yet, HOA budget planning is a task many HOA boards find daunting because it takes a lot of work. Simplify the process by following a few easy steps.   What Is an HOA Budget? A…

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…

An HOA reserve study is an essential tool in examining and maintaining the financial health of your association. Yet, many boards remain in the dark about the importance of these studies and choose to forgo them altogether. But, what is a reserve fund study exactly…

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?…