How To Plan For The Yearly HOA Budget?

HOA budget planning is an integral part of running a homeowners association. Whether you are new to the HOA board or simply a concerned member of the community, it is essential to familiarize yourself with the planning process.   Why Is an HOA Budget Necessary? What is an HOA budget anyway? And why is it…

hoa reserve funds

What Are HOA Reserve Funds? And What Is It For?

It is important for any homeowners association to have HOA reserve funds and to understand the purpose of this separate account. In doing so, an HOA can avoid financial ruin and minimize the need for special assessments.   What Are HOA Reserve Funds? Reserve funds, also known as reserve accounts or HOA cash reserves, are…