A homeowners’ association (HOA) is responsible for managing all aspects of the community. This includes the maintenance, repair, and replacement of shared facilities and equipment. HOA board members need to allocate reserve funds for these projects. In order to do this, the board chooses from HOA reserve studies methods, such as pooled and component, to…
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As an HOA board member, you want your HOA to function without a hitch. No one likes dealing with problems — though they are a natural part of the job — and there are some ways you can clear obstacles before they arise. After all, prevention is better than a cure. If you want to…
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Fire safety in an HOA community is more than a matter of having a list of fire safety guidelines posted in the board room. HOA fire prevention is a community effort, and everyone needs to get involved, especially when summer fire safety issues are present in the area you live in and the weather gets…
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The beginning months of every year are always a perfect time to have a fresh start and make sure everything is as organized as it can be in your association. One of the most important things to keep in mind is the yearly calendar because this includes all of the crucial items that will keep…
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D and O insurance for HOA boards is an important liability insurance that is payable to the directors, officers, and the community association. These policies payout in the case of legal action against them, and D&O insurance for HOA is a way to protect them from personal losses. It’s one of the primary ways an…
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When tax season rolls around, everyone gets to work — and your HOA is no exception. Homeowners associations are non-profit organizations. Non-profit organizations are considered a business and, therefore, obligated to file taxes like any other corporation. The process can be confusing for those who have never done it. So, here’s a guide on HOA…
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North Carolina overtime laws regarding the entitlement of employees to overtime premium pay just had a rule update becoming effective at the start of the year, January 1st of 2020. The U.S Department of Labor released the final version of the rule that, in effect, makes more salaried employees eligible for overtime pay. These new…
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All homeowners association (HOA) board meetings should be simple, calm, and organized. That’s not usually how it works when you manage a community. Each homeowner has their own views, but there are those who treat their opinions as facts. Sometimes, this can lead to raised voices, heightened tension, and attempts at HOA board members harassment.…
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It’s never a fun topic to consider, but the sudden death of a resident is something that a homeowners’ association (HOA) should know how to handle. As a board member, you will have to deal with delicate and time-sensitive matters such as death expenses, unpaid HOA assessments, and taxes. It’s possible to conduct community matters…
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HOA communication tools are vital to staying connected with the community, but are you taking the right approach with yours? Openness, transparency, and relevance should be crucial elements of the HOA communication policy you use to stay in touch with your HOA community members. Reaching Out to HOA Members Through the Right HOA Communication Tools…
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