Tag: homeowners’ associations


Apr

27

2016
How to Maintain a Property Management Budget

How to Maintain a Property Management Budget

The homeowner’s association (HOA) board, often in conjunction with a property management firm, is responsible for upholding the rules and regulations of the community, collecting assessments, and using the money provided by homeowners to see to the upkeep of the community. Some HOAs are responsible for maintaining building exteriors while others limit their management of the property to common areas, including landscaping, pool areas, club...

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Mar

11

2016
5 Common Reasons Why Homeowners Fail to Make HOA Payments

5 Common Reasons Why Homeowners Fail to Make HOA Payments

It is estimated that around 55 million Americans live in houses or condominiums that are overseen by community associations. That’s about 1 in 6 Americans. The vast majority of these homeowners have at least a basic understanding of why they pay HOA fees and the benefits they gain by living in a community governed by a board of their fellow homeowners (along with a written...

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Mar

04

2016
HOA Management Tips

HOA Management Tips

As a member of an HOA board, you’ll generally be tasked with working with a management company (unless your community relies on the board to manage independently). Together you’re responsible for meeting federal and state laws, upholding the Covenants, Conditions, and Restrictions (CC&Rs) of your community, maintaining common areas, collecting fees, and making decisions in the interest of the community and all of its homeowners....

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Jan

13

2016
5 Tips to Successfully Negotiate With Delinquent Homeowners

5 Tips to Successfully Negotiate With Delinquent Homeowners

According to the U.S. Census Bureau, annual homeowner’s association fees for condos average out to about $2,400, while owners of single-family homes in HOA communities can pay more than twice that amount. While many homeowners are aware of these costs when they move into an area with an HOA, others don’t seem prepared to pay the piper. This could leave HOAs looking for ways to...

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Oct

19

2015
If you’re dealing with unforeseen expenses, your homeowners’ association can make emergency assessments. Learn more about them and find out how we can help.

Homeowners’ Associations & Emergency Assessments

Running a homeowner’s association is a bit like a juggling act—you have to keep your residents happy, come to decisions as a board, and budget for common expenditures like maintenance, pest control, insurance, and more. Unfortunately, as with any aspect of life, unforeseen circumstances can get in the way of your HOA. In these cases, your association might need extra money to cover the damage...

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