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What Does HOA Mean

What Does HOA Mean?

About 350,000 communities have HOAs in the United States. HOA stands for homeowners association. These are residential properties with a board of directors that enforce community rules and regulations. It’s easy to understand the HOA definition; however, there’s more to it than the question, “What does HOA mean?” Here’s a detailed explanation of homeowners associations…

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HOA, POA, And COA

HOA, POA, And COA: The Differences

HOA, POA, and COA: many aspiring homeowners get confused with these acronyms. Many owners have to decide whether they want to work with any form of HOA, POA, or COA when they are trying to find a new place to live. Read here to learn more about these different types of associations.   HOA, POA…

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Understanding An HOA General Ledger

Understanding An HOA General Ledger

A homeowners association must keep track of its financial transactions to accurately report and assess its financial health. In order to do this, you must have a central location and an organized procedure for recording your finances. Enter the HOA general ledger.   In this artcle: What Is a HOA General Ledger? The Importance of…

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Why Does Your Self-Managed HOA Need Financial Management Services

Why Does Your Self-Managed HOA Need Financial Management Services?

Managing an HOA can be a time-consuming job. When all the members of the board of directors are volunteers with full-time jobs, families, and social lives, taking care of the many aspects of property management can be difficult. This is why self-managed HOAs require financial management services.   Financial Management Services for the Self-Managed HOA…

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6 Things To Look For When Hiring An HOA Financial Manager

6 Things To Look For When Hiring An HOA Financial Manager

Hiring an HOA financial manager is a crucial decision for any community association. The financial manager for an HOA does more than just accounting and banking. They provide expert financial management, just like most professionals in that area. More importantly, they specialize in HOA fiscal management, which makes them extra valuable for an HOA board.…

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