Reserve studies are an integral part of maintaining a healthy HOA reserve fund, but many associations underestimate just how important it is. Here is what you need to know about your association’s reserves and how a reserve study affects them. The Purpose of an HOA Reserve Fund What is an HOA reserve? Also known…
The homeowners association budget is a major responsibility for the board. Creating an accurate and well-thought-out budget ensures the financial health of your community — not just for the next fiscal year, but for many years to come. For new board members who are not yet familiar with this process, here are HOA budget guidelines…
The coronavirus pandemic has certainly put a stop to most of our holiday plans. But, that doesn’t mean you can’t still enjoy this time with your friends and family. Prepare for a COVID Christmas the right way with these smart ideas. Make the Most of Your COVID Christmas With COVID-19 cases still climbing in the…
Speed bumps are one of the most used measures to slow down traffic on HOA roads. However, not all homeowners are happy to have these traffic-calming devices in their community. If you are still undecided about speed bumps, take the time to learn about their pros and cons, as well as speed bump regulations that…
No matter the financial status, all homeowners associations can benefit from additional funds donated by their homeowners. Some HOAs may need it to finish an essential capital project while others simply want to add more amenities to their community. In any case, is it right to accept HOA donations? Here’s what you need to know.…
All homeowners associations are governed by a set of operating rules and regulations. Every once in a while, a need or desire will arise to change HOA rules. And, when that time comes, you must know how to do it. Want to Change HOA Rules? Here’s How Can a homeowners association change rules? In…
Maintaining HOA records security is of prime importance to any homeowners association. Navigating the ins and outs of data protection, though, can be confusing. Learn how to safeguard sensitive information here. How to Maintain HOA Records Security Homeowners associations deal with all sorts of information on a daily basis, some of which are confidential…
Though the coronavirus pandemic is still in full swing, that doesn’t mean that holiday festivities in your HOA should be canceled. It’s still possible to have a spooktacular Halloween during COVID-19 — as long as you make certain adjustments. Other than the traditional trick-or-treating, there are plenty of fun Halloween activities you can have in…
No homeowners association is immune from HOA neighbor disputes. No matter the shape or size of the community, neighbors will fight for any number of reasons — that is just human nature. But, what can an HOA do about it? HOA Neighbor Disputes: When to Get Involved When it comes to neighbor-to-neighbor quarrels, the…
Emergencies and natural disasters can happen at any time, which is why it is important for every HOA to come up with a plan addressing them. Creating an HOA emergency preparedness plan is not always easy, though, especially if you don’t know where to start. What to Include in Your HOA Emergency Preparedness Plan…