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 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…
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…