What if your HOA has rules about garage sales? This article details what you need to know before you begin.
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HOAs must familiarize themselves with the most common homeowners association lawsuits to better prepare for any possibilities.
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An effective facility manager ensures that buildings are secure, welcoming, comfortable, environmentally friendly, and efficient, making them an invaluable asset to your team.
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The following article provides assistance with different circumstances related to early lease termination, however, a lawyer should always be advised for legal matters.
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Some HOA documents take precedence over others. If you don’t know which one supersedes the others, continue reading!
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Community association management agreements are a common way for homeowner's associations (HOAs) and condominium associations to ensure that their communities are well-maintained and properly managed. One common approach to pricing these agreements is to offer a pay-as-you-go model rather than charging one full price for everything.
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Every association requires contracts, meaning every board must determine if the contract is good or bad.
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When you live in a homeowners association, you know that there are specific rules and regulations you must abide by. Generally speaking, these regulations are straightforward and sense-based, designed to promote community peace and help homeowners maintain their property values.
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Protecting yourself and your community from HOA fraud is essential, and w ith the proper knowledge and cautionary measures, you can ensure your HOA remains safe and secure for years.
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1099s for HOAs are often overlooked in the mad dash to wrap up the fiscal year, so make sure you have your 1099-MISC tax forms in view as you prep your contractor payments. Ideally, this procedure should be done by the end of the year, before April's tax season.
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One of the many benefits of HOA living is that homeowners share the costs of keeping up the HOA community, with economies of scale usually reducing the individual price. The association's duties are nothing more than the individual homeowner has–they're just shared.
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Reserve studies serve many purposes. Read on to learn more about the purposes that a reserve study provides to an HOA community.
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Workers' compensation insurance, or workers' comp for short, provides wage replacement and medical benefits to employees who injure themselves while on the job. In exchange, employees waive their right to sue their employer for the tort of negligence.
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The HOA finance committee fulfills many essential responsibilities, especially in a self-managed community. With a capable finance committee, the HOA board will find it easier to manage its financial duties.
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A community association manager's role is many. Association managers implement the policies set by the board of directors. They also oversee operations, services, and programs as laid out in the contract with the association. In addition, they provide information and advice to assist board members in their decision-making.
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Constant building maintenance can be a massive issue for any rental or income property, especially with many units. However, reducing the amount of maintenance you have to do doesn't mean you have to reduce the quality of the property! These are some of the best ways to update your income properties so they can be low maintenance!
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One of the most complex decisions a homeowners' association (HOA) board of directors will have to make is hiring the right people for their management company. When your board writes and distributes a request for proposal (RFP), they're simplifying the process. Read on to learn about RFPs, why they're important, how to draft one, and more.
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When new owners purchase condominiums and other residences governed by homeowners' associations (HOAs), they agree to the terms of your HOA's bylaws. However, a tenant who rents a home in these communities—with the owner acting as the landlord—may not be subject to HOA rules.
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Budgeting is vital to the success of your homeowners' association (HOA) and can prevent your community from facing financial troubles. Here are some tips to ensure that your community association is proactive, prepared, and adequately plans for the future.
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A homeowners association would be nothing without its homeowners. So when properties are available, an HOA should do its best to seek out new homeowners to live in the community. But, how do you even begin to do that?
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