Making and sticking to a budget is not a hard concept for someone to understand. You bring in X amount of dollars each month and you have X amount of bills to pay. The amount of your income is spread out to cover your monthly expenses. Theoretically your income determines the expenses you can afford, although in America we tend to take this too far. But your HOA Board doesn’t have to!
To enhance something means “to increase or improve in value, quality, desirability, or attractiveness.” In a homeowners association the property can be physically enhanced or maintained, but enhancing can also refer to building community among the HOA board and members of the Association.Read More >>
On a scale of 1 to 5, with 5 being the best, how well do HOA board members in your homeowners association communicate with members? Take a moment to think about that, or even discuss it with your fellow board members. Be honest. If you’re like many other HOA boards, communication with members can be a challenge, especially without the help of a manager. So what can you do to get your messages read or heard?Read More >>
Whether you have a majority of first-time homeowners or long-time residents in your homeowners association, everyone has a hefty investment in where they live. It’s important that the HOA board has a program in place to preserve the value of residences, as well as the surrounding common areas shared by all.Read More >>
Your homeowners association has tax reporting and filing requirements it must adhere to. It can be difficult for an HOA board to understand what these are all on its own. It’s important that your HOA board contacts your Association’s accounting professional for details but below is a brief summary of California HOA tax return deadlines.Read More >>
How much does your HOA board know about the community associations industry? Learn some basic facts and numbers, and what they mean for the members of your HOA board and Association community.Read More >>
What’s the difference between a homeowners association board meeting and an annual meeting, or an executive session and an emergency meeting? Confused? Here’s some clarification.Read More >>
The most important thing to remember in any relationship is that it takes time and effort from both parties. The relationship between an HOA board and the manager of a homeowners association is no different.Read More >>
Living in a homeowners association is more than just residing in a structure of wood and nails. It’s about building relationships and being part of a community. There are key relationships that HOA board members can nurture and encourage residents in the Association to develop as well.Read More >>
When it comes to the annual budget for your homeowners association, it can feel cumbersome to understand and plan. It can also seem like an overwhelming task because you just don’t have a lot of accounting knowledge.
The budget planning process is a lot of work and a large responsibility for the HOA board to prepare. It’s a complex activity that has to start early so the budget can be finalized and approved prior to the beginning of the new Association fiscal year.Read More >>