When it comes to fraud in this day and age, it is more a matter of “when” rather than “if” you will become a victim. Everyone is at risk including individuals and businesses, and your HOA is no exception. Whether the fraud occurs internally or from outside the business, it is important to have a…
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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…
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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…
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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…
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As part of the leadership of an HOA community, it can sometimes be difficult to decide which investments are worth your time and the residents’ money. One of the considerations that you may have had to recently take into account is whether software is worth the money as well as the time needed to learn…
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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.…
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According to current research, approximately one in every six homes in the United States is part of a homeowner’s association. Some people believe that homeowner’s associations provide the best way to maintain value and safety in the neighborhood, while others are afraid that they take away from the rights of individual homeowners. However, many people…
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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…
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According to a recent study of property management software by Software Advice, a company that does research on management tools for apartments, people are overall still using more manual, older fashioned methods in the apartment management industry but that the tendency to move over to more modern technologies, such HOA Software, is growing quickly. The company found…
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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…
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