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yearly HOA budget

Inflation, Interest, Insurance: Add These To Your Yearly HOA Budget

Planning the yearly HOA budget is a daunting but necessary task, and many HOA board members need to pay more attention to three critical considerations: inflation, interest, and insurance. Although gradual, these three factors can strain HOA financials, and your community can always prepare for it.   What is the Effect of Inflation on the…

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hoa in debt for years

HOA In Debt For Years: What Can Be Done?

When an HOA is in debt for years, it can create serious issues for the community. Homeowners associations are responsible for managing common areas, maintaining property values, and ensuring residents’ good quality of life. However, financial mismanagement or unexpected expenses can push an HOA into long-term debt, affecting operations and causing satisfaction to plummet.  …

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cloud computing for HOAs

Cloud Computing for HOAs: A Guide to Modern Community Management

There are several reasons to consider shifting to cloud computing for HOAs. The benefits of a cloud system, especially in comparison to a traditional system, are immense. Both homeowners associations and HOA management companies can streamline processes and improve efficiency significantly. By utilizing cloud computing, communities can step into modern management.   What is Cloud…

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HOA Resale Package: What Is It And What Does It Include?

The HOA resale package plays an important role in the sale process of a home in an HOA community. Both buyers and sellers should understand what a resale package is and what its contents are. Similarly, board members and community managers alike should prepare themselves to provide this package when faced with a request.  …

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fight hoa fines

Can You Fight HOA Fines? How To Do It The Right Way

Upon receiving a violation notice, most homeowners’ first instinct is to fight HOA fines. Homeowners associations charge fines to deter violations and help keep the community orderly. Not all homeowners feel that they deserve to be slapped with a fine. Homeowners who believe they have done nothing wrong often think of ways to dispute the…

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hoa board get paid

Should The HOA Board Get Paid?

Should the HOA board get paid? When faced with a shortage of potential candidates, some associations toy with the idea of offering a salary to those willing to serve on the board. In other communities, the board members themselves call for a salary. However, providing compensation to board members can quickly blur the lines on…

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honoring community workers

Local Heroes: Honoring Community Workers This Labor Day

Labor Day provides an opportunity to honor those who provide essential services to local communities. From firefighters and policemen to postal workers, here’s how HOAs can go about honoring community workers this holiday.   Who are the Community Workers? People often do not notice the individuals who provide them with essential services. However, these unsung heroes…

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