Homeowners Associations (HOA) have many responsibilities when it comes to protecting the assets of their community. Having accounting standards comes along with that HOA engagement. As a board member, HOA members have the duty of planning the financial course of the organization. In any form of accounting, there is a skill in balancing the budget…
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As a board member of a homeowners’ association (HOA), you might have found yourself in the middle of an exhausting search for a management company to take over your operation. Are you prepared to ask the right questions to find the right match? With so many management companies lined up to take your business, finding…
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When you move into a new condominium or HOA community, fees will be there to welcome you along with new neighbors. Most people pay home or condominium insurance as mandated by the terms of their mortgage. This will be in addition to any association dues you are responsible for. A portion of these dues is…
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So your homeowner’s association (HOA) has come to the point where it wants to hire a management company to conduct business. Good choice. To initiate the services of a management company, you will need a request for proposal, or “RFP.” What is an RFP? Think of an RFP like a reverse cover letter. Usually, you…
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If you’ve just purchased a home in a community maintained by a homeowners association, you may be wondering what that means. Homeowner’s associations often provide extra amenities, like pools, tennis courts, kids programming, and gym space. When you purchase a home in a homeowners association community, you’ll be responsible for helping pay for the upkeep…
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Reserve funds are most commonly used by businesses or organizations as a means to prepare for the future. It is considered a highly liquid asset which is set aside to meet any future financial obligations. Reserve funds can come in handy whenever there are unexpected costs. Nevertheless, it is crucial for every organization to take…
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Homeowner associations provide a host of services for subdivisions, condominium complexes and apartment communities. However, most HOA board members are volunteers and too busy to provide all the services they are supposed to. This is the niche HOA management companies fill. When you find a good one, a management company is a gamechanger. But if…
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There are few HOA rituals as universal as the Annual Meeting. This meeting, held once a year, sets the groundwork for how the entire community runs. At the annual meeting, the board holds elections, sets the budget, and takes association member questions about the direction of the HOA. It’s important to be prepared as you…
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Everyone wants to be proud of where they live. That is why one of the essential duties of a community or homeowner association (HOA) is to maintain and enforce certain standards within the community. Usually, people think these sort of standards refer to things like regular yard maintenance and where to store garbage cans. While…
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A good community association manager is essential to a smoothly-run HOA. While technically not part of the board of directors, they work closely with the board in all aspects of the association’s operation. The specific responsibilities of community managers often vary from company to company and community to community. These responsibilities can run the gamut…
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Cedar Management Group
PO Box 26844
Charlotte, NC 28221
Phone: (704) 644-8808 Toll Free: (877) 252-3327
Fax: (800) 334-0526