RealManage Insight

Financial Management of Community Associations | Assessments

Financial Management of Community Associations | Assessments

HOA | Condo Board Responsibilities and Education, HOA | Condo Financial

Part 1: Assessments Defined

Part 1 | Part 2 | Part 3

What is an AssessmentAn assessment (sometimes referred to as a Maintenance Fee) is an Owner’s financial obligation to a community association during a given period of time (typically one year).  It covers the owner’s share of the common expenses.  An annual assessment may be paid on a monthly, quarterly or annual basis.  An assessment is a binding legal obligation based on the community association’s governing documents.  In condominiums and planned communities, assessments are binding obligations that the owner cannot avoid.

By Mary Arnold, CMCA®, AMS® on Jun 11, 2019 8:42:00 AM
   
Financial Management of Community Associations | Assessments

Part 1: Assessments Defined

Part 1 | Part 2 | Part 3

What is an AssessmentAn assessment (sometimes referred to as a...

By Mary Arnold, CMCA®, AMS® on Jun 11, 2019 8:42:00 AM
Hurricane and Monsoon Season is Here - Is Your Community Prepared for a Disaster?

Hurricane and monsoon season officially starts in early June, which means now is the perfect time to make sure that your...

By Amanda Causey on May 30, 2019 8:52:00 AM
Financial Management of Community Associations | Budgets and Replacement Reserves Part 4

Part 4 : Reserve Account/Reserve Funds

Part 1 | Part 2 | Part 3 | Part 4

The reserve account consists of funds put aside in...

By Mary Arnold, CMCA®, AMS® on May 28, 2019 8:06:00 AM
How to Make Your Pool More Sustainable

For many community associations the pool is a key amenity where neighbors can gather and enjoy the sun.  However, pools,...

By Staff Writer on May 23, 2019 8:45:00 AM
Financial Management of Community Associations | Budgets and Replacement Reserves Part 3

Part 3 : Budgetary Roles and Responsibilities & Budget Presentation

Part 1 | Part 2 | Part 3 | Part 4

The roles and...

By Mary Arnold, CMCA®, AMS® on May 21, 2019 8:12:00 AM
Cumulative Voting for Community Associations

Electing the right people to the leadership board of your community association is essential for success. Board elections...

By Daneen Reinke on May 16, 2019 8:24:00 AM
What You Need to Know About Mixed-Use Condo Associations

Mixed-use development remains a popular trend as U.S. cities strive to revitalize downtown areas. The implications for condo...

By Staff Writer on Apr 30, 2019 8:53:00 AM
HOA Board Team Building Ideas

Team building activities are a great way to make your HOA board of directors function in a more cohesive and harmonious way....

By Amanda Causey on Oct 4, 2018 9:00:00 AM
Quick Start Steps for New HOA Board Member Training

New board members bring fresh ideas and perspectives to a HOA Board. Along with the new ideas comes new responsibilities...

By Amanda Causey on Aug 28, 2018 8:00:00 AM
Tips for Preventing HOA Election Fraud

HOA governing boards resemble small democracies. A community elects representatives to oversee the daily interests of the...

By Staff Writer on May 3, 2018 8:09:00 AM