Tips On Selecting The Right Vendors For Your HOA One great challenge for HOAs is to choose the appropriate vendors to complete the required tasks of their communities. If HOAs are not careful, they will end up spending unnecessary amounts of their allotted budgets on expenses that they could have found less expensive elsewhere. For…
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One of the most difficult issues for HOA board members to manage is what kind of insurance that their association has. Carefully researching what kind of insurance policy that your association will invest in is essential to maintaining coverage for major expenses that may arise as your association deals with the many different issues that…
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The end of the year is a very fun time for residents within communities across the United States. Residents are inclined to make their homes look festive both inside and out. Where the holiday season can become complicated is deciding how to balance decorating the outside of homes within your community while still adhering to…
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Since the end of the year is now approaching, HOAs need to ensure that they have completed all of their required tasks to successfully close out their fiscal year and end of year strategic planning. When considering what tasks need to be completed before 2019 ends, it is wise to review the list below to…
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Dealing with difficult homeowners is inevitable for board members of an HOA. It is just part of the job. Every community will face conflict and have its fair share of difficult people. A key part of your job as a board member is to keep the peace and diffuse any difficult situations as they arise.…
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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…
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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…
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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…
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A key function of the HOA board is to maintain the well-being of the community. Usually, this entails having to outsource services that the board itself can’t carry out on its own. This can include everything from janitorial services and lawn maintenance to bookkeeping and security. However, with so many vendors available, it’s often difficult…
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How much do you know about HOA insurance services? Most HOA board members understand that they need insurance, but many do not know the specifics are left with many questions. What type of insurance do you need? How extensive should your coverage be? How do you go about obtaining insurance? In this article, we will…
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