Do you know the average delinquency rate for a community association? Or what HOA delinquency resolution costs on average? How long is too long when it comes to fully recovering unpaid assessments? Questions like these have plagued Boards and managers for decades. Board members need this knowledge to shape successful budgeting; managers because when their […]
Community association management companies compete on service, responsiveness, and their ability to help communities operate smoothly. But when accounts payable (AP) departments depend on manual data entry, disconnected systems, paper checks, spreadsheets, and email-based approvals, the back office can quickly become a drag on the entire organization. The problem is bigger than AP productivity. Outdated […]
Beauty, aesthetics, and property values may be what first attract residents to a community association, but neighborly spirit is what helps a community thrive and encourages residents to stay. Good Neighbor Day on Sept. 28 is a timely reminder that strong communities are built through everyday acts of care, service, and connection. Those efforts often begin with simple, intentional acts of connection.
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Board members can delegate its annual budget development task but not the responsibility for the association’s finances. They have a fiduciary duty to review, monitor, and follow the budget.
Get started with a few HOA budget basics.
Every community faces routine challenges, but a few things can help board members and homeowners stay focused on progress and avoid unscheduled stops or derailment.
Keep your community on track with these ideas for successful volunteer service.
Community associations conduct three types of meetings that each address a particular need: board meetings; annual meetings; and special meetings.
Here’s what each meeting typically covers, when it’s appropriate to hold an executive session, and the criteria associations must meet to conduct a meeting.
There are five sets of documents prospective homeowners should request before buying a community association home. These documents will give you the clearest picture of what you’re stepping into.
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