Many HOA boards take pride in balancing their annual budgets and meeting day-to-day operational expenses, but long-term financial health requires a broader perspective. While landscaping, maintenance, insurance and utilities are essential to maintaining the community today, reserve funding is what protects the community tomorrow. When reserve funds are overlooked, underfunded or managed without a clear […]
During a casualty loss — a sudden impactful event like a burst pipe or broken hose — a condo association must be involved due to provisions in most bylaws and the way insurance works. Here are some basic rules for dealing with sudden damage.
Community association residents are known as active, engaged voters in local, state, and national elections. They also have tremendous influence where it counts most: in their own neighborhood. Community associations are democratic entities governed by boards elected by homeowners. As HOA residents head to their municipal polls to cast ballots, they’re often deciding who serves […]
HOALive is our webinar series hosted by CAI business partners covering HOA and condo hot topics.
Every community association needs a records retention policy that dictates what documents and files to keep and for how long. Start with our sample records retention schedule.
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