Inflation: How It Impacts Your HOA
Spectrum AM2022-11-30T16:58:04-06:00Whether at the grocery store or on the news, you’ve likely heard and felt the impact of this year’s inflation. With costs steadily rising, it is important that HOAs prepare
Statute of Limitations
Spectrum AM2022-08-19T08:51:56-05:00Assessments are an important factor in any HOA, funding day-to-day operations, repairs and improvements, and the association’s reserves. When homeowners pay their assessments on time, it not only helps make
Is Your HOA Management Company Worth the Cost?
Spectrum AM2022-06-09T16:39:19-05:00When it comes to selecting a management company for your HOA, one of the most important factors you’ll consider is the cost. Ideally, you want to select a company that
Capital Contributions for HOAs
Spectrum AM2022-08-19T08:56:25-05:00It happens any time you decide to buy a home or condo – you get hit with hundreds of pages of paperwork to fill out and a series of closing
Your Guide to HOA Finance, Accounting, and Budgeting
Spectrum AM2022-03-21T09:40:19-05:00Keeping the association in good financial standing is one of the most important duties of an HOA board. Poor HOA financial management can have lasting consequences, so it’s crucial for
HOA Management Cost
Spectrum AM2021-10-10T08:00:07-05:00HOA Management Cost Running an HOA requires time, commitment, and expertise. Because most board members have their own jobs, families, and lives to take care of outside of the services
Proactive HOA Budgeting
Spectrum AM2021-06-23T08:00:18-05:00Proactive HOA Budgeting Every year, the HOA board must approve an annual budget for the association. And, sometimes, because of too many busy weeks and complex personal schedules, the board
HOA Financial Statement Requirements
Spectrum AM2021-06-01T08:00:53-05:00HOA Financial Statement Requirements Among the many records that a homeowners association must keep, the financial statement is definitely an important one. Residents invest in the community through their fees
HOA Tax Returns: What You Should Know
Spectrum AM2021-02-11T08:00:59-06:00HOA Tax Returns: What You Should Know The process of filing HOA tax returns is actually simpler than one might think, and our goal is to help the board better
Are HOA Fees Tax Deductible?
Spectrum AM2021-02-01T08:00:24-06:00Are HOA Fees Tax Deductible? During tax season, many homeowners look to take advantage of any deductions they may claim to help reduce their tax bill. Unfortunately, the complex nature