6 Resolutions Your HOA Board Should Make for a Successful Year
January 4, 2016 / by HOA Manager
The New Year is here. As an HOA Board, this may be a good time to consider making resolutions that will help to make it a great year for your homeowners association. These commitments don't have to be profound and they are generally things you should be doing anyway, but it's always good to go back and review things while keeping an eye out for what might be coming your way.
3 Basic Association Accounting Concepts HOA Board Members Should Know
December 18, 2015 / by HOA Manager
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!
Top 3 Communication Challenges an HOA Board Faces Without a Manager
November 25, 2015 / by HOA Manager
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?
7 Resources Every HOA Board Member Should Bookmark
November 13, 2015 / by HOA Manager
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.
Important Tax Deadlines Your HOA Board Should Put on the Calendar
November 8, 2015 / by HOA Manager
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.
Facts About Homeowners Associations Your HOA Board Should Know
November 6, 2015 / by HOA Manager
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.
The Importance of Committees in a Homeowners Association
October 27, 2015 / by HOA Manager
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.
The Major Benefit That Lead One HOA Board to Choose Hignell [News]
October 23, 2015 / by HOA Manager
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.
Ways to Foster the Relationship Between the HOA Board and the Manager
October 5, 2015 / by HOA Manager
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.
Why Your HOA Board Should Start Preparing the Next Annual Budget Now
September 4, 2015 / by HOA Manager
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.