When people think of an emergency, the first image that usually comes to mind is a natural disaster. But an emergency in your homeowners association isn’t always a flood or fire. There can also be financial or management-related emergencies that an HOA board is faced with. Most Boards aren’t prepared to handle emergencies and can benefit from the expertise of an HOA manager to help them plan for emergency situations. Learn what types of emergencies should be on the radar of your board members.Read More >>
Most HOA boards know that there are annual disclosures that have to be completed and sent out to the membership each year. But did you know that nearly all states also require that a homeowners association organized as non-profit corporations has the responsibility to file an annual report with the Secretary of State? Failure to do so could result in the Association losing its “Good Standing” status.
Many Boards overlook this step when completing their annual disclosures, either because there is a change in management or board governance or the HOA board is just ignorant – but ignorance is not an excuse!Read More >>
If your homeowners association operates on the fiscal year, then you’re already a month into the new year – Happy New Fiscal Year! Have your fellow HOA board members asked this question: how did we do last year? If not, then now’s the time to re-evaluate and ask the following questions so your Board sets the Association up for success.Read More >>
Many HOA boards think they have it all together and can easily manage the homeowners association on their own. But can they really? While there are various factors involved when it comes to whether or not a homeowners association can successfully be self-managed – such as how involved the board members are, the size of the Association, etc. – ultimately an HOA puts itself at risk if it tries to self-manage all the components that are part of the Association. Instead of rolling the dice on hoping for the best for your Association, learn what seven of those risks are and then consider where your Association stands.Read More >>
Finding members in your homeowners association who want to volunteer on the HOA board can be hard – finding a member to step up and become the board president is even harder. So, what do you do when the current president passes away, you don’t have a lot people in your community involved with the board, and your current board members are concerned that hiring an HOA manager will only cause the company to take over the Association?Read More >>
The Board of Directions of an Association is responsible for protecting, maintaining and enhancing the community. Knowing who the members of the Board are and having a basic understanding of what they do is a good way for all members of the Association to stay informed.Read More >>
From time to time it’s a good idea for the HOA board to evaluate the homeowners association by giving it a check-up so to speak. Consider using the performance measures below to be filled out among board members. Take it a step further and send it out to the membership, requesting their anonymous participation. It may give your Board some great insight!Read More >>
How is your homeowner's association doing? Is everything running easily and smoothly? Do you have interested members at each HOA board meeting? Is your reserve fund fully funded? What would you do if you were faced with a lawsuit or an unexpected project? If you answered no to any of these questions or don’t know the answer at all, below are 5 reasons you should consider hiring an HOA manager this year.
Is your HOA board ready for the association’s annual meeting? Typically, most homeowner’s association hold their annual meetings at the end or beginning of the year. Not only is it a great way to keep members informed, but it’s also the time for many HOAs to hold board elections – in fact, it’s also the law in many states, such as California.Read More >>
Each and every homeowner’s association should have a reserve fund as part of its budget to plan and prepare for future repairs and maintenance, as well as unanticipated expenses and needs. HOA board members are responsible to make sure a reserve plan is in place for the Association, or at least ask the question about how the Board is planning for the reserves. If the Board is ignoring the reserves altogether, then it needs to actively seek out assistance to make this happen.Read More >>