An HOA finance committee can be a valuable crutch for any association board. This committee assists the board in managing the community’s finances, including budgeting, expense tracking, and preparing key reports. Understanding the roles and responsibilities of this committee can help associations decide their next steps. What is an HOA Finance Committee? Also known…
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It is normal for any association board to want to improve HOA finances. After all, money is the lifeblood of a community, and poor finances can have a negative domino effect. While boards can attempt to improve finances on their own, the more prudent course is to hire professionals. Why Associations Should Improve HOA…
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Are work trucks in HOA communities allowed? The answer depends on state laws and the governing documents. Work trucks can negatively impact a community’s appeal and property values, leading many HOAs to ban them altogether. But boards must remember the limits to their authority. The Problem With Work Trucks in HOA Communities The presence…
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Every now and again, board members will encounter the threat of HOA lawsuits. When that happens, it is imperative to know how to proceed. Better yet, boards should take the necessary steps to prevent liability exposure in the first place. This will help keep the HOA in the clear and financially stable. What are…
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When faced with a budget deficit or a significant need for funding, board members must consider whether to turn to a special assessment or an HOA loan. Both options have their pros and cons, and boards must weigh them against the association’s needs and capabilities before making a decision. Special Assessment or HOA Loan:…
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Associations constantly look for ways to reduce HOA legal costs to keep regular dues manageable, but simply slashing the budget can result in long-term problems. Board members must take concrete steps to prevent the need for legal support, often requiring direct involvement and a proactive approach. How to Reduce HOA Legal Costs Homeowners associations…
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One of the perks of living in a homeowners association is having access to pools, and with that comes HOA pool rules. These rules not only regulate the behavior of swimmers and guests, but they also establish what the board must do before the pool season begins. Most Important HOA Pool Rules to Enforce…
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HOA pest control is an essential part of maintaining any planned neighborhood. Pests not only jeopardize residents’ health but also pose risks of property damage, diminished curb appeal, and lower property values. Board members must understand who is responsible for pest control, what prevention strategies to implement, and how to respond to a full-blown infestation.…
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An HOA landscaping contract is essential in maintaining a healthy vendor relationship. Board members must understand what should go into a strong landscaping contract, as this can help protect the association’s interests. At the same time, this contract can keep vendors accountable. What is an HOA Landscaping Contract? An HOA landscaping contract is a…
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One of the perks of living in an association is the HOA garbage collection. While it may seem simple, choosing the right path for an HOA can cause stress for board members. From the scope of work to rising service costs, there are so many things to consider. Common Challenges of HOA Garbage Collection…
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