Can an HOA Accept Donations?
Spectrum AM2021-09-09T12:54:41-05:00When 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
Identifying Conflicts of Interest in Your HOA Community
Spectrum AM2021-09-09T12:54:42-05:00As 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
How to Avoid HOA Fraud
Spectrum AM2021-09-09T12:54:43-05:00Here 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
What Should be Included in the HOA Budget?
Spectrum AM2021-09-09T12:54:45-05:00Thoughtfully 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, the board is
What is an HOA Estoppel?
Spectrum AM2021-09-09T12:54:46-05:00Estoppel 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
10 Tips for HOA Insurance
Spectrum AM2021-09-09T12:54:47-05:00When 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
What Are Special Assessments, and Can They be Enforced?
Spectrum AM2024-11-12T14:05:02-06:00If 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
Who Pays for the HOA Resale Package?
Spectrum AM2021-09-09T12:54:50-05:00If you’re in the market of buying or selling a home within an HOA, you’ll most likely come across the requirement for a resale package as part of the process.
What to Do with HOA Operating Surplus Funds
Spectrum AM2021-09-09T12:54:51-05:00Even with their many expenses, an HOA board may reach the end of the year and discover they have an operating funds surplus. This occurs when all revenue or receipts,
How to Change Your HOA Bylaws
Spectrum AM2021-09-09T12:54:53-05:00Community associations are legal entities governed by bylaws and codes, covenants, and restrictions (also known as CC&Rs), which are enforced by an elected board of directors. It is the board’s