condos

Legal Rights for Condo Owners

Legal Rights for Condo Owners HOAs have considerable control when it comes to the governance of the community. This control extends to things such as addition or maintenance projects, changes to the exteriors of properties, execution of property rules and regulations, and even parking of individual residents. There are, however, certain areas in which condo…

Details
accounting basics

Property Management Accounting Basics

Finances are one of the most important and difficult aspects of property management. If you are hoping to improve the financial health of your business, here are a few property management accounting basics that will help you to create the thriving business that you desire.   Researching State Laws When managing property finances, it is…

Details
Employee screening

Tips On Doing Resident Screening

The residents that you have as part of your community can make all the difference when it comes to having an HOA that is welcoming and a neighborhood that is beautiful and desirable to live in. Although you can never perfectly predict how good a resident is going to be, there are certain screening processes…

Details

Profitable Community Association Management: Blending Efficiency and Quality

A community association management company serves two principal sets of stakeholders. The association desires attractive amenities and an aesthetically-pleasing community. While property owners want the same to maintain their assets’ values, they also seek to avoid burdensome dues. For a community association management company to profit in such an environment requires a carefully-crafted business plan.…

Details
hoa accounting

The Condo/HOA Budget Has Been Approved, Now What?

You’ve cleared the hurdle of getting the board to approve the new budget, but where do you go from here? There are so many laws governing HOA’s that it is imperative to follow the appropriate steps, especially when it comes to tracking the funds and ensuring their appropriate allocation. It’s no secret that projects rarely…

Details
balancing work and life

Ways to Balance Life and HOA Board Work

Being the member of Homeowners Association Management can be a very rewarding experience that allows you to communicate daily with amazing people and do some good for the community. However, most Board members are volunteer-based and often members will have a full-time job and responsibilities outside of the Board. Members may feel overwhelmed and like they struggle to…

Details