Good financial reporting is essential to the smooth operation of every community association. Homeowners and board members alike invest a lot of time and money into their associations, and they have a right to know where that money is going. That way, they can know if their investment is going to the benefit of the…
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Perhaps the most important service an association management company provides is accounting. Homeowners pay a lot of money each year for the privilege of living in an HOA community, and deserve to know their investment is being handled with care. Community managers, therefore, need to have good processes in place to handle payments and access…
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It is typical for the developer to retain control over the HOA when a new community is built. Control of the community should eventually be transferred to the residents. This is a critical time for the community. There are a lot of decisions to be made, documents and records to collect, and rights to be…
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Whether you are an HOA management company responsible for dozens of associations or a self-managed association of only a dozen units, clear and timely communication with homeowners and service providers are essential to smooth operations. Unfortunately, this is often more easily said than done. Many management companies will try to get by with organically developed…
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The modern world is always online. People expect instant access to information whenever and wherever they are. The idea that someone would have to call or email a request for something as simple as an account balance and then wait for a response is, frankly, unacceptable for most people today. Luckily, Condo Manager provides an…
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If your HOA board is considering taking out a loan for a necessary repair, it can be difficult to decide whether or not to take out a loan. If you do wish to take out a loan, it is important to consider your unique position, do the necessary preparations, and ask the correct questions before…
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Board members can resign for many reasons. It is not always for a disagreement or something else unpleasant, but can be simply due to a new election, a life change on the part of the board member, or the desire of the board member to move on. Whatever their reasons for their stepping down, the…
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Having a regular newsletter sent to the homeowners in your community, whether by mail or by email, is a great way to keep everyone involved and the inform the community of upcoming projects and events. It is something which you should not forego as it is an important step to improving your HOA. It can…
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With an interest in sustainability on the rise in our country, many HOAs are slowly implementing improvements that are good for the environment. There are many reasons to consider following sustainable trends. It can help attract homeowners with an interest in sustainability who care about their communities. It can also help your board to save…
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One of the most valuable groups of homeowners that you can have in your community are senior citizens. These residents can be more long-term than younger demographics, and they can bring a surprising energy into the community that no other age group can offer. There are a lot of things that can be done…
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