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HOA Management Blog

At The Hignell Companies we have been providing professional management services for California Homeowner Association Boards for nearly 30 years. We love sharing our knowledge and perspective. Give us a call at 530-419-6032 if you have any questions.

How a Reserve Plan Helps an HOA Board Protect Current Homeowners

February 26, 2016 at 10:51 AM / by HOA Manager

posted in HOA Board, Member of HOA, Reserve Funds

Planning for future repairs and maintenance costs of common areas in the homeowner’s association is one of the most important jobs of an HOA board – and also one of the most neglected. Sometimes, boards are just short-sighted, focusing on the essentials that need to be done in the association now. While today is important, tomorrow must not be forgotten.

One issue that makes it difficult for boards to plan for the reserves is the pushback they receive from current homeowners because they have a hard time seeing how assessments for future projects will benefit them now. Learn how a reserve study protects owner value for both future and current homeowners in the association in the article excerpt below.  

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Quick Cheat Sheet: Clarifying the HOA Operating & Reserve Budgets

March 20, 2015 at 2:15 PM / by HOA Manager

posted in HOA Management, HOA Board, Reserve Funds

You have many responsibilities as an HOA board member that require you to make decisions and take action. Some of the most important decisions the Board of a homeowners association has to make are financial decisions. It’s challenging to try and remember what funds from the operating budget covers and what funds from the reserve budget will pay for.

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3 Things an HOA Board Can Do Now to Combat Costly Maintenance

March 13, 2015 at 2:55 PM / by HOA Manager

posted in HOA Management, Reserve Funds, HOA Maintenance

There is always work to be done, especially in a homeowners association. It’s crucial that an HOA Board plan for general, ongoing maintenance and upkeep. This is important in order to keep the Association a safe place to live and keep it an appealing place to live. Members don’t want to live in a run-down neighborhood and potential buyers won’t give an Association a second look if it’s unkempt, dirty or in disrepair.

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6 Questions HOA Board Members Ask About Operating & Reserve Budgets

October 4, 2014 at 1:30 PM / by HOA Manager

posted in HOA Board, Reserve Funds, HOA Accounting

An area where a lot of HOA board members get into trouble relate to properly understanding the operating fund and the reserve fund in a homeowners association. If the two funds aren’t properly maintained a Board can be setting up the Association for failure and don’t even know it. It’s crucial that Boards understand how to use the operating fund and reserve fund, and use them correctly so they don’t find the Association in financial ruin.

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Why You Can't Afford To Not Have an HOA Reserve Fund

February 25, 2013 at 8:53 AM / by HOA Manager

posted in HOA Responsibilities, Reserve Funds

An HOA Reserve Fund is one of the most important things a Board can plan for its association, however, many Board members misunderstand what it is, why it’s needed, or how to get it implemented. Knowing the basics about an HOA reserve fund and the reasons it’s crucial you have one will help set your community up for success.

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The Importance of Homeowners Association Reserve Funds

February 12, 2013 at 12:03 PM / by HOA Expert

posted in Reserve Funds, HOA Fees

Reserve funds of a homeowners association are often misunderstood by homeowners association members and sometimes Board members as well. Some see it as a slush fund that is to be used on a "rainy day"' when the homeowners association gets low on cash in the operating account. Others, although they may understand the need to have some measure of reserve cash, do not make the connection that reserve funds are being reserved for the particular components within the community that the homeowners association is responsible for, such as roads, roofing, siding, fencing, painting, and equipment replacement.

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