Financial Planning

Financial Planning How to Successfully Enter into Contracts with Vendors

It is imperative that the board not only choose the right vendor for the job but also make sure they enter into contracts that are beneficial to the association.

By Cynthia Jones

Financial Planning How Many Bids Should Your HOA Get for Contract Work?

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.

By Ronald Fenstermaker

SPONSOR CONTENT Your Association’s Financial Statements: Basis of Accounting

Understanding the basis of accounting used to prepare financial reports is a vital first step to comprehending your association’s financial position and results from operations.

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Financial Planning The Right Reasons for Raising HOA Dues

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

By Andrew Lester

Financial Planning How to Deal with HOA Delinquency

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

By Edward Hoffman

Financial Planning Does My HOA Need Common Area Insurance?

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?

By Leslie Brown

Financial Planning

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