Vendors are an important part of any community, but an HOA must ensure the terms of the job they’re completing is clearly set. Doing this can help the association avoid potential disasters and save an enormous amount of work down the line. However, many associations still downplay the importance of HOA vendor contracts, leading to…
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The homeowners association (HOA) board holds a meeting each year to keep the members informed and involved in matters involving the community. While attendance is important, many residents often don’t show up at the HOA annual board meeting. To ensure that doesn’t happen, it’s always good to plan your HOA annual meeting as early as…
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An HOA manager can be of great help to any self-managed homeowners association. Board members should familiarize themselves with the roles and responsibilities of an HOA manager, as well as how they can pick the right one for their community. This way, they can hire the manager that best suits their needs, expectations, and budget.…
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The role of an HOA secretary is an essential one — one that the association can’t function without. Nevertheless, many people remain in the dark about what exactly are the responsibilities of an HOA secretary. If you are considering running for the position or just recently became one, here are the roles of an HOA…
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The role of the HOA vice president is often blurry and varies from association to association. For this reason, many misunderstand what it truly means to become the vice president of an HOA. Whether you’re planning on running for the position or about to assume office in your HOA, here are the responsibilities of a…
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Whether you’re considering running for HOA president or have already been elected, you may be slightly unclear on your roles and responsibilities. That’s okay — you’re not alone. Each role is important to the success of the association, and the president acts as the head and commander-in-chief of the HOA board. The Duties of…
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The board members of an association have a fiduciary duty to the homeowners, and part of this duty is to make decisions in the best interests of the community. Sometimes, though, homeowners question the extent of the board’s authority when it comes to making decisions, wondering why their votes were not included in the process.…
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Are you unable to understand your accounting figures? Do you have trouble comprehending the financial reports? If you’re a self-managed association, it might be time to hire an HOA accountant. While board members are dedicated to managing their community, they often lack the expertise when it comes to handling the finances of the HOA. If…
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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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