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September 16, 2019

The Best HOA Accounting Method

The Best HOA Accounting Method: Cash, Accrual, Or Modified Accrual?

HOA Accounting, HOA Board Member Education, HOA Financial ManagementBy adminSeptember 16, 2019

HOA accounting is a vital part of operating a homeowners association, but it can be very tedious and difficult. Because it is so important, you want to avoid inaccurate or incomplete financial reports at all costs. The first step to financial success is to use the best HOA accounting method.   The Three Types of…

6 Factors To Consider When Choosing An HOA Reserve Study Company

6 Factors To Consider When Choosing An HOA Reserve Study Company

HOA Board Member Education, HOA Financial Management, HOA ReservesBy adminSeptember 16, 2019

Your homeowners association reserve fund plays a crucial role in maintaining community assets. To determine the necessary amount, you need to conduct an HOA reserve study. Since there are a lot of strict requirements involved, the process can be quite complex. If you want to properly establish an HOA reserve fund, it may be beneficial…

HOA Maintenance vs. Capital Improvement

HOA Maintenance vs. Capital Improvement: What Makes Them Different?

HOA MaintenanceBy adminSeptember 16, 2019

What are capital improvements, and how do they differ from HOA maintenance costs? Given that both terms deal with community assets, there seems to be some confusion between them. Knowing the difference between capital improvements and HOA maintenance is important — especially when allocating expenses in your annual budget. Here’s an in-depth explanation that will…

6 Ways To Prevent Conflict of Interest In An HOA

6 Ways To Prevent Conflict of Interest In An HOA

HOA Board Member Education, HOA Self ManagementBy adminSeptember 16, 2019

A conflict of interest in an HOA can threaten the association’s integrity and reputation. As a board member of a community association, you should understand how to recognize and avoid it. In this article, we will give you some tips on how to keep your community association free from possible conflicts of interest.   Defining…

How To Plan For An HOA Snow Removal Budget

How To Plan For An HOA Snow Removal Budget

HOA Budget, HOA MaintenanceBy adminSeptember 16, 2019

Winter is a wonderful time of the year, but it can also give rise to unexpected expenses for an association. HOA managers must think ahead and make sure the HOA snow removal budget is up-to-date. This way, you can ensure a community runs smoothly even during the cold months.   Planning for HOA Snow Removal…

8 Tips To Improve HOA Financial Stability

8 Tips To Improve HOA Financial Stability

HOA Board Member Education, HOA Financial ManagementBy adminSeptember 16, 2019

A smoothly run homeowners association proactively plans and tracks financial transactions. By not having proper systems in place or not having someone vigilantly keeping track of records, things can go south really fast. Here are some tips to protect your association’s money and improve overall HOA financial stability.   The Keys to HOA Financial Stability…

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