Most HOAs successfully adapted to conducting business during COVID-19, community managers have anecdotally reported higher levels of stress, anxiety, or burnout due to increased workloads.
Representing nearly 25% of the housing stock in the U.S., community associations are home to more than 73 million Americans. The 2021 projections reflect a 1.3% increase in new communities.
By following these strategies to effectively manage the association’s finances, you can ensure its financial health and long-term prosperity.
We provide a snapshot of how associations have adapted their operations during the pandemic.
Playgrounds are a great gathering place in the community — but unfortunately they can spell danger for HOAs if they aren’t properly inspected and maintained.
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