Homeowners Association Property Management
Community property management plays an essential role in preserving and enhancing the value of residential areas and homeowners' associations (HOAs). This process involves overseeing and managing shared spaces and resources, ensuring residents' satisfaction and overall well-being. At the center of effective community property management is the community manager, a professional tasked with ensuring a harmonious […]
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HOA Property Management Software
Managing a community association involves a myriad of tasks, and handling resident data efficiently is one of the most critical. If your community is self-managed, you might be familiar with the challenges of organizing such data. A practical solution to streamline communication and operations is to invest in HOA property management software. *Understanding HOA Property […]
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Understanding HOA Fees: What They Cover and Why They Matter
Homeowners’ associations (HOAs) play a crucial role in maintaining neighborhoods and offering amenities such as fitness centers, game rooms, and clubhouses. This upkeep and these facilities require funding, which is why homeowners contribute through HOA fees. HOA fees, also known as assessment dues or maintenance fees, are determined by a community’s board […]
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Understanding Homeowner Associations
Homeowner associations, or HOAs, are increasingly common, with over half of U.S. homeowners residing in these communities. In 2021, over 82% of new homes sold were part of one. As their prevalence grows, so does the interest in understanding how these organizations function. An HOA is a volunteer-based organization supported by […]
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What is a Deed-Restricted Community?
Exploring the world of property developments often brings up the concept of deed-restricted communities, especially concerning homeowners associations (HOAs). This guide offers a comprehensive overview of what these communities entail, how to identify them, and essential technical details to help you navigate this unique aspect of property ownership. Deed restrictions, sometimes referred […]
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Understanding Balance Sheets: A Guide to Financial Clarity
The primary role of community association board members is to ensure the prosperity, security, and growth of the community. A critical element of this is safeguarding its financial health. To influence the financial stability effectively, it's essential to comprehend the current financial standing upon joining the board. Balance sheets are invaluable in providing this understanding. […]
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What's Missing from Your Community Association's Budget
Each year around the same time, your community association board dives into the process of crafting the budget for the upcoming year. Even when seasoned in budget creation, shifting factors can lead you to miss vital components. Overlooking a small expense might not be a big deal since you can often cover it by reallocating […]
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Understanding Flood Preparedness
In 2016, the United States faced an unprecedented year, with floods causing immense damage in places such as Louisiana, West Virginia, Texas, and Maryland. The financial toll reached billions. Similarly, in Canada, flooding has led to massive costs, making up nearly half of all natural disaster expenses. Flooding is the most frequent and costly natural […]
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Understanding the True Desires of HOA Board Members: Top 7 Service Essentials
Community association or homeowner association (HOA) board members strive to find property management companies that deliver outstanding service tailored to their community. But what exactly does this entail? Choosing the ideal property management company might seem to vary between communities, yet research indicates that the major concerns remain largely uniform. While different communities have distinct […]
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Community Association Board Secretary Responsibilities
The effectiveness of any community organization heavily relies on efficient management and meticulous recordkeeping. The board of directors plays a vital role in maintaining transparency, and this responsibility primarily falls on the shoulders of an experienced board secretary, as required by regulation and association guidelines. For those unfamiliar with community association management, the role of […]
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