In part one, we looked at how to begin preparing an HOA budget. We discussed setting goals, looking at the current finances, and prioritizing repairs. In part two, we’re going to look at gathering figures and how to plan for the unexpect...
Now is the time of year that many HOA boards begin talking about their annual budget. If you’re looking at the numbers for 2020 and trying to plan out an appropriate budget for 2021, there are some steps you can take to make preparing an...
Choosing the right vendor for your HOA community comes with hours of research, dozens of phone calls, and important talks with your board and your residents. There’s a lot to consider, including costs, risks, reputation, and more. Let’...
In today’s real estate market, home buyers are looking for the perfect home as well as a community that fits their needs. This leads them to research neighborhoods, HOAs, and areas of a city profusely before putting an offer on a home. H...
As an HOA, you’re faced with a lot of responsibility and large decisions to make. Your board has to create a budget, hold meetings, find vendors, and keep up with the best ways to help the community and its residents thrive. Because we k...
One area that many HOAs struggle with is finding and keeping volunteers. Volunteers can range from board members and architectural committee members to event planners and community clean up crews. Without volunteers and interested parties ...
One of the best ways to make a new neighbor feel welcome and informed on the expectations of the neighborhood is to provide them with a welcome packet that is put together by the HOA board. It’s the best way to leave residents with a goo...
As technology changes, it’s important for HOAs and communities to adapt along with them. Social media is being used more and more and by a wide range of users, making it a possible tool for HOAs use to engage with current, past, and futu...
As governments continue to push for businesses and people to look for energy-efficient options and ways to conserve energy overall, there’s also been a push for HOA boards to be open-minded to new technologies and allow residents to inst...
If you’re a part of a homeowner’s association or if you sit on the board, it’s likely that you’ve heard the term “reserve funds” come up more than once. Even so, reserve funds can be hard to understand. Below we’ll answer som...