delinquent payments

Delinquent Payments

  Delinquent payments are one of the hardest things to deal with as an HOA board because you may be dealing with people who are your friends and neighbors. Although there are certainly strategies for avoiding delinquent payments, every board will likely encounter this problem at some point. Here are a few ways to avoid…

electronic payment

Electronic Payment Options

Although many HOAs have begun to offer the option of electronic dues to their residents, some communities are still stuck in the age of paper statements and checks. If your HOA has not yet provided this option, here are five reasons to begin offering electronic payment options.   Electronic Dues Decrease Expenses in Your HOA…

cutting cost

Cutting Costs in Your HOA

Homeowners associations exist because of and for the residents. Because of this, many HOAs are concerned with keeping costs as low as possible so that these savings can be passed down to the homeowners. In a shifting economy, keeping costs low can be a massive challenge. Committing to the following five tips will help to…

Budget Planning

Budgeting Tips

End of the Year Budgeting Tips With the end of the year quickly approaching, it is time to put the finishing touches to the year’s budget and start preparing for the new budget. Your yearly budget is one of the most important considerations of the year. As such, to help your HOA succeed as you…