homeowner calculating house expenses | late hoa payments

What Should An HOA Do With Late HOA Payments

Late HOA payments are one of the most common problems homeowners associations face today. With assessments playing a critical role in the continuous operation of the HOA, it is imperative to know how to collect these late payments.   How to Deal with Late HOA Payments It is not that difficult to understand how an…

concept image of buying home | hoa fees

Your Ultimate Guide to HOA Fees

HOA fees — they are a staple in any given homeowners association. But, what are they exactly? And what purpose do they serve?   What Are HOA Fees? What is an HOA fee? Also known as HOA dues, HOA fees are fees that homeowners associations collect from its members, i.e. homeowners. When homeowners purchase a…

| hoa management fee

HOA Management Fee: Are They Charging You Right?

Part of hiring an HOA property management company is paying a set fee in exchange for services to the association. But, how can you separate the reasonable fees from the questionable ones? The key is to understand how an HOA management fee works.   What Is an HOA Management Fee? Homeowners associations don’t run on…

COA dues | condo fees

Condo Fees: Everything You Need To Know

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…

write off rental property expenses | are hoa fees tax deductible

Are HOA Fees Tax Deductible?

Tax season is always a stressful time of the year. One of the questions HOA residents commonly ask is, “Are HOA fees tax deductible?” The answer, though, is not as simple.   Are HOA Fees Tax Deductible? A homeowners association runs a community by imposing certain rules, preserving its aesthetics, and maintaining various aspects of…