HOA Initiation Fees: Everything You Need to Know
Spectrum AM2022-05-05T17:46:10-05:00An HOA initiation fee, also known as a buy-in fee or a contribution to working capital, is a set amount charged upon the transfer of a property within an HOA
An HOA initiation fee, also known as a buy-in fee or a contribution to working capital, is a set amount charged upon the transfer of a property within an HOA
Assessment collection is imperative to keep an HOA running smoothly. Too often, HOAs find themselves facing a high delinquency rate. This affects both individual homeowners and the community as a
As a legal business entity, your HOA must file taxes. Filing is an important thing to do, and there is one form in particular that you should know about, and
An HOA is an organization that runs on money, similar to other businesses and agencies. And similar to those other organizations, when the HOAs money runs out, they, too, can
Homeowners may not always understand how much work goes on behind the scenes when they receive the association’s assessment. The annual billing process can seem mysterious to many homeowners, who
One of the most challenging experiences a board member faces is deciding when it’s necessary to assign a special assessment. Homeowners may not always immediately understand how critical it is
This article is the third in a series on reserve studies. In the first article, we discussed what a reserve study is and why conducting one is important for the
When the holiday season approaches, many homeowners begin preparing for the year ahead. Contemplating New Year’s resolutions is common during this time, and a popular resolution is to become more
This article is the second in a series on reserve studies. Last week, we addressed the importance of getting a reserve study done. This week, we’re going to discuss how
One of the most common issues HOA board members deal with is the inappropriate use of funds and embezzlement. This is because committees are usually made up of volunteers who
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