Every member of a managed community should know how to read HOA financial statements. This knowledge will help owners understand how the association is doing financially and be able to determine whether the board is doing its job well. HOA Finance 101: How to Read HOA Financial Statements Homeowners associations operate largely like corporations.…
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A new year marks the beginning of a new chapter, which is why cultures around the world celebrate the momentous occasion. For homeowners associations, it is a chance to bring residents together. If you’re running out of HOA New Year’s Eve party ideas, you’ve come to the right place. Welcome 2022 With These HOA…
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Homeowners associations are known for their positive impact on curb appeal and property values. One of the ways these communities achieve this is through the careful implementation of architectural rules. In HOAs, homeowners must first file HOA architectural requests before making any changes to their property. What Are HOA Architectural Requests? The primary function of…
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The holidays are when you gather with your family, friends, and neighbors to celebrate the season. Not everyone likes the planning that usually comes with this time of the year, though. But, with the proper preparations, HOA holiday planning can be easy as pie. A Guide to HOA Holiday Planning for Homeowners Many people…
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Homeowners are not the only ones who suffer the consequences of delinquent HOA dues. The association itself can face a lot of problems, too. When left unresolved, these problems can spiral and compound until the association is left with nothing to its name. How Delinquent HOA Dues Affect the Community To understand how delinquencies…
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HOA software is not only reserved for homeowners associations. Management companies can also use software to enhance efficiency and productivity within the workplace. Here’s why utilizing an HOA software for management companies is essential. What Are the Benefits of HOA Software for Management Companies? Everyone needs help, including HOA management companies. While employees are…
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It is important for homeowners associations to utilize collection actions when members default on their dues and assessments. This is where an HOA lien on the property comes in handy. What Is an HOA Lien? Homeowners associations operate using a membership format. When someone buys a house in an HOA community, that person automatically…
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There are many homeowners associations that accept ACH payments for HOA dues. But, that does not mean it is the right choice for everyone. Should yours do the same? The Thing About ACH Payments for HOA Dues Paying dues is a common pain point among homeowners living in HOA-run communities. Although there are some…
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Increasing HOA fees are a huge pain point for many members of an HOA-run community. But, can an HOA board even legally raise the fees? Increasing HOA Fees: It All Starts With Budgeting To truly grasp the need for fee increases, you must first understand how homeowners associations work. Homeowners associations exist to maintain…
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Dues collection is often a pain point for many homeowners associations. If you struggle with this aspect of community management, setting up electronic payments for HOA fees may be the answer to your problem. The Benefits of Using Electronic Payments for HOA Fees Homeowners have an obligation to pay dues to their association, and…
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