In the HOA world, there are two distinct paths you can take when it comes to association management. You can either hire an HOA management group (like Spectrum Association Management) to handle the day-to-day affairs of your organization, or you and your other board members can attempt to manage the HOA by yourselves—a practice known […]
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 […]