As you may well know, being a member of the Board of Directors for your homeowners association means having an immense financial obligation to your community. Your job will become convoluted by illegible or inaccurate financial reports and records, which—if you are not prepared—can be overwhelming. Because of this, it is essential that you’re able to decipher […]
As a member of a homeowners association (HOA) Board of Directors, one of the most important issues you have to manage is the community’s finances. It can be a time consuming task, but one that is essential for running a good HOA and for avoiding any potential lawsuits. The good news is that there are […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
Up until now, homeowners associations (HOA) throughout Arizona have been able to set the rules for parking when it came to their neighborhood. With a new law that was passed in April of 2013, future HOA communities will find it a little difficult to set the rules on how those in their community will park. […]