Whether 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 ahead of time to avoid
Assessments 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 the board members’ lives easier
When 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 will provide excellent service at
It 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 costs that can leave you
Keeping 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 board members to understand the
HOA 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 they provide for the community,
Proactive 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 may feel like they’re just
HOA 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 and assessments, and they have
HOA 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 prepare for tax season! Here
Are 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 of the tax system makes
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