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!
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 >>
Governing a homeowners association is no easy task. There are budgets make, reserve studies to do, laws to understand, meetings to prepare for, and day-to-day tasks to tackle. Below are some helpful resources every HOA board member should know are available to reference.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 >>
Helen Keller said, “Alone we can do so little; together we can do so much.” In order to effectively run a homeowners association, an HOA board, even if it has a manager, can’t do everything. It needs the help of members getting involved and forming committees. While the Board is ultimately responsible for the decisions in the Association, it can give authority and responsibility in some areas. The key is defining clear guidelines for the committees and getting people involved in areas that interest them.Read More >>
Why would a homeowners association hire a management company? It’s a question that each individual association answers differently because each association has specific needs. Sure, there are common reasons such as helping with finances, understanding the laws, and day-to-day functions of the Association the HOA board just doesn’t have time to do.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 >>
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 >>
Sometimes an HOA manager gets the short end of the stick, but it’s part of the job and a small price to pay to help an HOA board effectively manage its homeowners association. The manager is usually seen in one of three ways, but there are steps board members can take to help the community see the manager in a whole new light.Read More >>