Homeowners associations (HOA) have many responsibilities when it comes to protecting the assets of the community. Using the best accounting method for HOAs comes along with that engagement. Before putting any of that into practice, however, you must first understand the three methods of HOA accounting and then learn about the best accounting method for…
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At a glance, it can be hard to tell whether an HOA community is being run well. Sure, everything looks good on the outside — the sidewalks are clean, amenities are well-maintained, and the landscaping is beautiful. But, looks can be deceiving, especially if they are outward appearances. From an insider’s perspective, things could be…
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If you’re running your homeowners’ association (HOA) like a business, it’s important to conduct performance reviews on all your employees, especially your HOA manager. While nobody really likes being scrutinized, routine evaluations are a healthy practice. It’s an opportunity for the board to be open about their expectations and provide valuable feedback that your HOA…
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You’re about to call a new landscaping company to book their services when, suddenly, a fellow board member stops you. He says you collectively decided during the last meeting to keep your current vendor for landscaping services. However, you remember the discussion going differently. Neither of you budges and the argument reaches an impasse because…
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Part of the American dream is to become successful enough to purchase your own house. However, for a variety of reasons, you may want to rent it out to someone else. It’s not uncommon, though there may be more hoops to jump through — such as HOA rules for renters — when your property is…
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Homeowners association (HOA) events are a great way to get the community together and build camaraderie with one another. If done properly, HOA community events can encourage more interaction and even decrease conflict between homeowners. Planning a community event can be difficult since you need a lot of planning and preparation. Here are some helpful…
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Keeping track of maintenance services can be tricky. A homeowners’ association can easily become overwhelmed if there is no management system put in place. When maintenance needs come up — anticipated or not — the board may find themselves drowning in problems of quality, deadlines, and overcharging. To prevent these issues from occurring, it’s beneficial…
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Homeowners association (HOA) board members take on a wide range of responsibilities that are necessary for the well-being of the community and its residents. It’s not an easy job at all, and this is where an HOA management company can step in and relieve some of the burdens on your behalf. While there are a…
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It is common for homeowners associations to begin long-term contracts for services such as trash removal, landscaping, and other maintenance works. What associations do not realize, however, is that many of these contracts are set to auto-renew. Without knowing this, your community could find itself facing financial liabilities. Here’s how you should handle HOA vendor…
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When running a homeowners association (HOA), you’re bound to encounter people with different backgrounds, life stories, and conditions. It’s these things that add color and personality to your community. Other times, you might have to deal with issues like hoarding which can be problematic for your community. Since hoarding is a delicate matter, it should…
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