Keeping an emergency fund adequately supplied is a best practice for all homeowners, and the same is true for condo associations. Although an HOA’s reserve funds only go toward the repair and replacement of common elements rather than individual upgrades, their...
Ending the fiscal year on a high note with surplus funds in your budget can be a positive situation for your Florida condo association. Though it may sound increasingly rare, it does happen, and your board of directors needs to know what to do if such a situation were...
Maintaining safe and habitable condominium associations requires ongoing efforts – and money. To comply with legal requirements like the 40-year recertification process, many Florida condo communities will need to solicit competitive bids to complete structural...
Your condominium association’s annual budget should be highly informed by your HOA’s financial statements. Keeping close watch over the association’s financial health will tell you how well the board of directors is doing in managing the HOA’s income and expenses and...
Most condo association board members meet only 4-5 times per year, and during those sessions, there’s a lot to accomplish! To make the most of everyone’s time and facilitate productive meetings, it’s helpful to follow some best practices. Tips for Leading...
