When left unresolved, an HOA board tie vote can quickly turn into a deadlock, halting operations entirely. Board decisions are made by vote, so ties can occur for any number of reasons. Directors must know what steps to take when a decision can’t be reached due to a tie vote. What is an HOA…
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Do HOA board members pay dues? This is a question many homeowners ask, particularly when considering running for a board position. Since serving as a leader comes with many responsibilities, some believe leaders must be compensated for the job. Yet, the answer isn’t as straightforward. Do HOA Board Members Pay Dues? Generally, board members…
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It is common for homeowners associations to use monetary penalties as a way to enforce the rules. But can the board increase HOA fines? What Is the Purpose of HOA Fines? Part of living in a community managed by a homeowners association is following its rules and regulations. Communities have these rules in place…
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Some boards believe that creating strong HOA vendor relationships should sit low on the priority scale. Yet vendors largely contribute to a community’s success. Ensuring a healthy working relationship can make a huge difference in pricing, response times, and quality of service. The Importance of Building Positive HOA Vendor Relationships Homeowners associations rely on…
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In any planned community, HOA procurement plays an essential role in maintaining operations. Associations rely on vendors for various goods and services. Without a solid procurement policy in place, inconsistencies and financial gaps can easily take over. What is an HOA Procurement Policy? An HOA procurement policy consists of the standards and procedures that…
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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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