Financial Planning

Some boards believe they need three bids for every contract, no matter how small or how undefined the scope of the work is. That’s not always the right thing to do.

Even the most financially savvy board can’t avoid raising association dues forever — nor should it.

To avoid serious financial problems, an association board has to be—and stay—proactive in its collection efforts.

Our board will not provide insurance for common areas because they say it isn’t needed, and it’s expensive. Can homeowners independently insure their association common areas?

Associations fall victim to theft and embezzlement too frequently. Know the warning signs and institute preventive measures before your community is left with a difficult recovery.