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 sooner you address delinquent HOA fees, the better off your community will be. Make homeowners aware of how soon the HOA will take action if payments are not collected to create a sense of urgency for submitting dues on time.
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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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On the surface, unit owners within an HOA are likely pleased with the increase in the value of their homes. However, a high level of inflation is likely to have a less desirable effect on the long-term financial health of the HOA.
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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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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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An HOA reserve study is essential in examining and maintaining the financial health of your association. Find out what a reserve fund study is, and how will it help your community.
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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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