Stories, tips and insights into property management, accounting and community
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.
Read MoreIn last week's post, we explored practical tips on how to start an HOA social committee and the social committee roles it occupies. Social committee guidelines also call for a social chairperson, so we will focus on social chair responsibilities this week.
Read MoreIn this two-part guide, we'll explore practical tips on how to start an HOA social committee and the social committee roles it occupies. Social committee guidelines also call for a social chairperson, so next week, we will focus on social chair responsibilities.
Read MoreOne 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.
Read MorePets can be integral members of a family and, thus, integral members of a community. The average homeowners association, or HOA, welcomes four-legged residents with open arms. HOA pet restrictions can help ensure that all residents of the HOA feel safe and comfortable while also creating safeguards against things like excessive barking and noise.
Read MoreGoverning homeowners associations include documents, including the bylaws and the CC&Rs. However, there will come a time when you will need to amend those documents. Continue reading to learn how to change HOA bylaws and CC&Rs.
Read MoreMost states have laws that establish a homeowner's right to inspect HOA documents. Based on the hierarchy, these laws will precede any stipulation you may have in your governing documents. As such, homeowners can request copies of official records for whatever purpose.
Read MoreHOAs are governed by many rules and regulations — to a point where it may confuse board members and homeowners alike. To avoid a misunderstanding, familiarize yourself with the homeowners association documents and which HOA documents take precedence in your community.
Read MoreHere are some tips to help managers and their communities effectively deal with this hectic season and the conflict that often arises.
Read MoreReserve studies serve many purposes. Read on to learn more about the purposes that a reserve study provides to an HOA community.
Read MoreAn 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.
Read MoreA set of board members elected into office make up the Homeowners associations. When it comes to elections, members typically have a few options, one being an HOA secret ballot.
Read MoreIn every homeowner's association, there will be homeowners who break the rules accidentally or intentionally. That's why HOA boards must take non-compliance seriously.
Read MorePotential homeowners must consider the level of safety before purchasing a new home. In a homeowners association, one way to make residents feel safe is to start an HOA neighborhood watch.
Read MoreNavigating rentals in a condo association is already hard enough; adding insurance can be maddening. Yet, condo rental insurance is a significant asset every condo rental owner should get.
Read MoreHalloween is such a wonderful, festive time for children and their families. However, it can also be scary for HOAs to deal with the excess activities it brings.
Read MoreIt's essential to remember that there's a proper way to go about this. The secretary should record HOA meeting minutes for any meeting the HOA board holds. Here, we discuss that and provide you with a helpful HOA meeting minutes template.
Read MoreMaintain lines of communication with residents for as long as possible during a storm. Even if members don’t receive messages until after the fact, they let individuals know that the board cared and attempted to reach out.
Read MoreWorkers' 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.
Read MoreThe 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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