Many are hesitant to use software for HOA management. But, the reality is that both self-managed communities and HOA management companies can benefit from the use of such software. Why Should Self-Managed Communities Use Software for HOA Management? A self-managed homeowners association relies solely on its HOA board to run the community. But, board…
While there are some homeowners associations that receive help from a management company, there are many others that rely solely on the board for guidance. And it is these types of communities that usually require self-managed HOA software. Features Critical to an Effective Self-Managed HOA Software At a glance, it may seem like managing…
Why should homeowners associations start using an HOA management software during COVID-19? Given the state of the world right now, there are many reasons. The Rise of HOA Management Software During COVID-19 Before the coronavirus pandemic hit, many homeowners associations relied on traditional processes or the help of a management company for their day-to-day…
Managing the finances of a community can be taxing, and bank reconciliation is one of the more tedious tasks associated with that. Discover the process of reconciling your bank statements and how an HOA management software can help. Understanding the Bank Reconciliation Definition What is a bank reconciliation? To put it simply, bank reconciliation is…
Just like any organization, homeowners associations are no stranger to bad debt. When homeowners fail to pay their dues on time, it results in delinquencies. But, did you know that management software can help you with HOA delinquent accounts? What an Increase in HOA Delinquent Accounts Means for Your Community A homeowners association is responsible…
“How do I pay my HOA fees?” Homeowners often ask this question, but many HOAs only offer the same traditional method. But, there are a few different payment methods for HOA dues that associations can start adopting. Convenient Online Payment Methods for HOA Dues Many homeowners find difficulty with the current payment methods their HOA…
Although homeowners associations are non-profit organizations, they still earn money for the purpose of maintaining the community. Keep up with your HOA accounts receivable with the help of an association management software. What Are HOA Accounts Receivable? A homeowners association receives money from its members in the form of regular dues or fees. The…