Much like a business, a functioning community incurs costs and earns revenue. As such, it’s important to set up HOA accounting standards to maintain accurate financial reporting. Now, accounting can be quite stressful for community managers to navigate. With so much money going in and out, sometimes on a daily basis, it can be a…
The main function of a homeowners association is to maintain the community. Keeping everything in good condition is a tough task, though, particularly if you have no idea where to start. This is where an HOA maintenance checklist comes in handy. Key Components of a Successful HOA Maintenance Checklist As communities age, it is…
In many ways, a homeowners association is comparable to a business, and the HOA board heads it. The board handles a wide range of duties such as overseeing repairs, maintaining common areas, and managing monetary funds. In addition to this, there are certain HOA legal responsibilities to keep in mind. As a board member, you…