Anytime maintenance is deferred, it improves a Condo Association’s cash flow in the immediate term. There are times when this is extremely valuable and necessary, but it does not eliminate the required maintenance from happening sometime in the near future. Often,...
To function well, an HOA must be comprised of a board of directors who are authorized to act on a community’s behalf and enforce community guidelines. Typically, a board of directors is comprised of a president, vice president, secretary, and treasurer – each...
When it comes to laying a foundation for a strong HOA board, fairly allocating duties and responsibilities might just be the best strategy. There are five HOA board officer roles which each play a unique part in serving the community – here are some frequently asked...
New year, new board, new budget. It doesn’t always work that way, but it is common that one of the first things a new board of a condo or homeowner association will want to do is go over the budget and make sure that there is no looming expense that will create...
It goes without saying that an HOA budget is a fundamental piece for any board to oversee and manage. It acts as a guide to steer the board to its goals. A budget can help you prepare for the coming year’s expenses such as: ...
Every board of directors, no matter the size, should be prepared for a new member orientation. Why? Educating new members to the best of your ability on what is currently happening within your organization and the community will mean fewer headaches and confusion down...
