Author: Spectrum

5 Ways to Lower Your HOA Assessments

Board members will frequently hear complaints from homeowners association members about paying their monthly HOA assessment fees. In fact, some homeowners may even shy away from purchasing a home or condo if the feel the monthly dues are more than they want to pay. As the economy rebounds and the housing market has picked up […]

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Qualities to Look for in a HOA Management Company

Each fall, homeowners associations across the nation vote on issues regarding the upcoming year. Fall is also the time of year when many HOA management contracts expire and are up for renewal. If your HOA management contract is up for renewal, this is an excellent time to stop and assess your management situation. Every day […]

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Managing Vendor Agreements in your HOA

As an HOA board member, you’re taking on an active role in your community. Obviously, this means making sure the community runs well; but, this role also covers all of the general upkeep issues, such as gardening, cleaning and laundry room service, and any other ongoing “handyman” type projects—tasks which often require HOA board members […]

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The Guide to HOA Community Safety

Safety is every community association’s priority. Although homeowners associations were not created or designed to provide security for the neighborhood, HOAs typically do use lighting, security cameras, gate locks and electronic access cards to help keep their communities safe. However, there are additional precautions that an HOA can take that may sometimes be overlooked. Below, […]

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Guide to the Day to Day Politics of Being a Board Member

One of the most important aspects of being an HOA board member involves dealing with the politics surrounding the position. Sometimes, being a board member requires more time and effort than a person has available to them, leading that person to resign from their position. Other times, a board member might pose more trouble to […]

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Beginner’s Guide to HOA Finance, Budgeting, and Accounting

When it comes to interpreting your HOA management company’s financial reporting, it’s helpful for HOA members to understand the accounting process used by their management company, especially if they wish to maintain and manage community funds in a practical manner. Below, you’ll find a guide to some basic accounting terms and concepts used by HOAs […]

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