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...
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...