Homeowners associations maintain common areas, provide services and amenities, set aside reserves, and meet legal and contractual obligations. The vast majority of a community association’s day-to-day operations and long-term financial health are funded through assessments paid by homeowners. Clear communication and consistent practices are critical for homeowners and board members.
Community associations should consider three top priorities when investing reserve funds: coverage, liquidity, and return. There are several safe and reputable vehicles associations can use.
We share tips to ensure your community association is proactive, prepared, and properly plans for the future.
Our HOA is unhappy with our current management company, and we want to terminate the contract. What are some common reasons to terminate “for cause”? How can we get out of our contract?
A well-planned budget is essential for every successful HOA.
Join CAI’s online community for access to the industry’s most in-demand community association resources.
Thousands of your peers are sharing advice.