condo owners association

10 Ways for Your HOA Board to Kickstart the New Fiscal Year
Most Homeowners Associations operate on the fiscal year starting January 1st. So, welcome to a new year in the adventures of shaping your community’s future. The decisions you make in the these early days of the year will carve a path to a successful and well-managed year ahead. Steer your HOA toward a year filled…

Navigating HOA Dues Increases
Following is a transcript of this episode of the Two Minute Treasurer’s Tip Podcast from MoneyMinder, with audio/video below. Welcome to the Two Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel, and we’re talking HOA reserves today. Ed writes: I feel my HOA needs to conduct a reserve study, but homeowners are concerned thatif we…

HOA Board Minutes
The HOA Board Minutes: What are they? What should be included? HOA Board minutes can be invaluable. Oftentimes it is done by a voted-in Secretary, and since Board terms are generally a year (sometimes more) there is a certain amount of turnover in the position of the minute takers. Anyone reviewing the minutes should have…

How to Handle Conflict if You’re on the HOA Board
Conflicts are not uncommon for any HOA. Since the recession, finance issues with developers, foreclosures and other unfortunate deals have left many HOA’s having a tough time getting their functionality on track. It is understandable that owning a home is a huge investment and when owners of a similar asset come together with different ideas…

What is the Function of a Homeowners Association?
Homeowners Associations (HOAs) are legal entities that are formed for the maintenance of common areas. Majority of townhome societies, condominiums and now single-family subdivisions have appointed Homeowners Associations, which are elected after the development is built to completion and most residents have moved in. When homeowners have finalized their residential documentation, they are provided Covenants,…

How to Collect and Manage Homeowners Fees
Note: NonProfit Central does not offer legal advice. These are simply options to consider with your HOA team and legal counsel. A Homeowner’s Association (HOA) is an organization created by the real estate developer during the process of property development. During the property development stage, The Homeowners Association is responsible for directing structural standards, design…