In a recent article for Crisis Management Update, Employment Law Attorney Stephen Scott warned that businesses who ignore or misapply federal guidance on COVID-19 mitigation may be making a costly mistake. While CDC guidance
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Crime can happen anywhere, at any time, so it’s important to stay vigilant. While there are safety measures your association may take to deter crime, it’s crucial for each individual homeowner to contribute to their
When running an HOA, there’s always a need for more funds. Even the most financially stable HOAs can always find ways to put more funds to good use. So, you may be wondering: Can HOAs
As a board member, you strive to make the choices that protect your community and create a neighborhood that homeowners are proud to be a part of. You follow your obligations to complete your duties
Here at Spectrum Association Management, we love helping our customers navigate every aspect of HOA management. One topic that doesn’t get talked about enough is how to protect your association’s finances from fraud. While the
What Should be Included in the HOA Budget? Thoughtfully planning and preparing for the annual HOA budget is not easy, but it is crucial to the day-to-day and long-term success of the community. Each year,
How to Reconvene an Annual Meeting Have you ever been in a situation where you planned and prepared for your important HOA annual meeting, but then did not meet quorum? If so, or if
Estoppel is a legal concept meaning that someone certifies the accuracy of certain facts as of a specified date. A lender or bank requires an estoppel letter or certificate from the homeowners association prior to
When you research insurance as a homeowner, your decision only impacts you and your family. However, when you research insurance as a board member, it impacts all your neighbors and their families. So, it’s
If you’ve ever lived in an HOA, you’re most likely familiar with the term ‘special assessment,’ or have at least heard the term in passing. There are two types of assessments associated with homeowners’ associations: