Crime and fidelity insurance for HOA is a vital safeguard that protects your association funds from embezzlement and fraud. HOA board insurance is an important matter, and that’s why every board member should be familiar with the homeowners association insurance requirements for their unique situation. Community managers can give their members peace of mind by…
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HOA drone policies need to quickly catch up to the ever-increasing use of hobbyist drones as well as commercial ones in the very near future. If you don’t have an HOA drone policy in place yet, it’s not too late. Drones in HOA communities will be an issue that your association will have to handle…
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Reserve studies are a vital aspect of HOA management. They are used to gauge the condition of the association’s reserve fund to better plan a long-term budget. The complexity of an HOA reserve study can often intimidate and scare off members of the board to the point where they refuse to go near it. With…
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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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