The annual budget is a vital part of every organization’s finances, whichever industry or sector it belongs to. The same applies to a homeowners association. With the coming of each financial year, a proper budget must be drafted out, but not all associations know how to prepare an HOA budget. Thankfully, we have come up…
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Purchasing a home is a big decision — one that mustn’t be made hastily. It’s a big step in life and signals a certain sense of financial freedom. When choosing to buy a home, people often leave townhouses out of the equation. However, there are many advantages of townhouse living. In fact, by the end…
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Every investor such as yourself wants to manage his or her real estate property in the best way. Whether you own a rental property or a secondary home, you probably do not have the time to tackle your property matters on your own. Thus, you require help from professional property managers to assist you with…
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Moving into an HOA community is an exciting new start for your family, and it can also be a major change that may require some adjustments on your part. Before moving to an HOA community, you may have a ton of questions to ask. What advantages does moving in a homeowners association community offer for…
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Watch our Webinar on HOA Insurance A homeowners association (HOA) is very much like a business. Homeowners elect board members to oversee the community. The HOA board handles day-to-day operations, maintenance, and repairs of common assets as well as the enforcement of bylaws and the collection of assessments. As a legal entity, it’s important to…
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Management of an HOA (Homeowners Association) is not an easy task. Although associations aim to perform their responsibilities and are able to do so, they often lack key factors in their performance, particularly in the field of HOA financial management. This often results in inefficient supervision and loss of costly resources. Here’s how an HOA…
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For many homeowner associations, there are times when the services of an HOA management company are required. Unfortunately, most HOAs are unable to gain significant advantages as they do not hire the right service company. Before you select an HOA management company for your association, there are some things you must take into account. …
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Cedar Management Group gets AAMC accreditation, recently joining an elite group of community association management companies that have earned the Accredited Association Management Company credential from the Community Associations Institute (CAI). Cedar Management Group is one of fewer than 250 management companies worldwide, and 11 in North Carolina, that have earned the highest level of…
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In southern states like the Carolinas, freezing weather is the exception rather than the rule. Winter may still bring in cold spells and when the temperature drops below 20°F, you need to keep pipes from freezing. A lot of damage can be sustained if you have frozen pipes in condos, houses, and other properties in…
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Hiring an association management company is not as easy as it seems. There are many moving parts, and it requires a certain level of preparation and research to accomplish smoothly. If your association is looking to hire an HOA management company soon, there are a handful of tips you should adopt to ensure a seamless…
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