How to lower HOA fees and make residents happy? That’s a question many HOA board directors try to answer as they step into the position. But first, why are HOA fees so high in the first place? That’s a good approach to look for ways to reduce HOA dues. When HOA fees are too high,…
Tax season is upon us, and if you are new to filing taxes with your HOA, you may have many questions about which forms need to be filed, whether you are tax exempt, and what to do if your HOA has not filed in a couple of years. In this post, we will answer some…
As a homeowners association (HOA) member that pays fees each month, it’s only right that you know what your money is being used for. One of the most important tasks of an HOA board is to allocate these funds. HOA fees are usually distributed to two accounts: operating funds and reserve funds. While both accounts…