The control of every development must eventually transfer from the developer to the members of the homeowners association. But, the HOA turnover process is not always easy and trouble-free. What Is an HOA Turnover? And Why Is It Necessary? An HOA turnover, also known as a community turnover, is exactly as it sounds. It…
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Communication in homeowners associations is crucial for success. However, with so many tasks and responsibilities, it can be easy to forget appointments, misplace paperwork, or lose track of conversations — leading to communication breakdowns between homeowners, board members, and their association managers. Condo Manager software improves HOA communication so you can enjoy more seamless and…
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From access to various information to easy dues payments, a homeowner online account can help members of an HOA in many ways. The challenge is finding the right one that meets your standards. Key Features of a Homeowner Online Account Portal The modern world is always online. People expect instant access to information whenever and…
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When faced with unexpected expenses or necessary repairs, not all homeowners have funded reserves or the capacity to levy special assessments. Instead, they will take out a loan. HOA loans require adequate planning and understanding the intricacies of association loans can increase your chances of approval as well as help you get the best rates.…
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Having a regular HOA newsletter sent to the homeowners in your community, whether by mail or by email, is a great way to keep everyone involved and inform the community of upcoming projects and events. It is something that you should not forego as it is an important step to improving your HOA. HOA…
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Condominiums are becoming increasingly popular in the United States, with many choosing to live in condos due to their affordability and convenience. But, with condo living comes condo fees. What Are Condo Fees? If you have ever lived in a condominium, then you know there are common areas that all owners share. These common…
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A successful homeowners association requires a strong board of directors. It’s important to have HOA board members who can fulfill their roles and responsibilities to the community. Here’s what homeowners should expect from their HOA board of directors. HOA Board of Directors: An Overview of Their Roles and Responsibilities An HOA board is comprised…
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Homeowners association fraud or embezzlement can happen anytime, anywhere, and anyone — even to the closest, tight-knit communities. If you want to safeguard the financial health of your community, consider these strategies to prevent HOA fraud. Most Common Types of HOA Fraud to Look Out For HOAs are run by a handful of people,…
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Many condo owners feel like they are not in control. They must follow condo association rules to the letter or else, face steep fines and fees. While compliance is certainly a prerequisite for living in a residential community, that doesn’t mean that you have to endure injustices or incompetence from your association. Always keep in…
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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, it is imperative to know the property management accounting basics to help you create the thriving business that you desire. Property Management Accounting Fundamentals What is property accounting? Property…
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