Why Setting HOA Accounting Standards Is Essential Organizing Homeowners Association’s finances can be quite stressful for community managers to navigate. The reason for this is that many different costs and expenses go through communities daily. HOAs are required to file taxes, which is why it is important to keep the community’s expenses organized from the…
The Importance of Having an HOA Maintenance Checklist As communities age, it is important for them to be maintained properly. The communities that do not invest in this end up deteriorating much faster, which can subsequently cause property values to decrease exponentially. It is important for communities, regardless of their size, to have a maintenance…
Homeowners Association Legal Responsibilities In shared interest developments, homeowners associations and their board members serve as the adults in the room when it comes to day to day operations of the community. They manage a wide range of duties such as handling repairs and maintenance of common areas and management of monetary funds. But…