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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…

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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? Here’s Everything You Need to Know What is HOA fee? Also known as HOA dues or assessments, HOA fees are fees that homeowners associations collect from its…

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HOA Accrual Accounting: Why It’s The Best For HOAs

Homeowners association accounting is a critical part of managing any HOA community. The key to successful accounting, though, starts at the beginning — choosing your accounting method. Among the three possible options, HOA accrual accounting remains unsurpassed.   What Is HOA Accrual Accounting? The accrual basis of accounting dictates that you should record revenues and…

Ideas For Attracting Senior Homeowners

One of the most valuable groups of homeowners that you can have in your community are senior citizens. These residents can be more long-term than younger demographics, and they can bring a surprising energy into the community that no other age group can offer.   There are a lot of things that can be done…

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How To Find And Keep Good Rental Tenants

There is more to finding rental tenants than simply posting an ad online. If you want to find and keep good tenants, you need to follow a system and understand certain laws.   How to Find Quality Rental Tenants Rental property owners are always on the lookout for high-quality tenants. Ideally, all renters would be…