RealManage Insight

The Case for Adequate Reserve Contributions | But... That's all we can afford!

The Case for Adequate Reserve Contributions | But... That's all we can afford!

HOA | Condo Financial

What’s better - $50/mo Reserve contributions (as part of your condo’s total monthly assessment) or $100/mo? All other things being equal, I’d rather pay the $50 monthly bill. Why would any board, able to set the budget at their association, choose the higher amount for the owners?

By Guest Blogger on Jul 16, 2019 8:25:00 AM
   
The Case for Adequate Reserve Contributions | But... That's all we can afford!

What’s better - $50/mo Reserve contributions (as part of your condo’s total monthly assessment) or $100/mo? All other things...

By Guest Blogger on Jul 16, 2019 8:25:00 AM
Financial Management of Community Associations | Assessments and Bankruptcy

Part 3 : Bankruptcy Actions

Part 1 | Part 2 | Part 3

Be Prepared for Bankruptcy Petitions by Owners

A community association...

By Mary Arnold, CMCA®, AMS® on Jun 25, 2019 8:36:00 AM
Financial Management of Community Associations | Assessment Collections

Part 2 : Collections and Remedies for Assessments

Part 1 | Part 2 | Part 3

COLLECTION PROCEDURES AND REMEDIES

Enforcement of...

By Mary Arnold, CMCA®, AMS® on Jun 18, 2019 8:15:00 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
A Closer Look at Conveyance Fees: Are They Really Out of Control?

Conveyance fees are a part of doing business. When it comes to transferring HOA fees, the amount charged can vary depending...

By Holly Bunch on Jun 4, 2019 8:02:00 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
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
Financial Management of Community Associations | Budgets and Replacement Reserves Part 2

Part 2 : Budget Preparation

Part 1 | Part 2 | Part 3 | Part 4

A budget usually applies to a 12-month period (Jan 1 to Dec...

By Mary Arnold, CMCA®, AMS® on May 14, 2019 10:16:00 AM
Financial Management of Community Associations | Budgets and Replacement Reserves

Part 1 : Introduction to The Budget

Part 1 | Part 2 | Part 3 | Part 4

What is a Budget?   A budget is an annual financial...

By Mary Arnold, CMCA®, AMS® on May 7, 2019 9:23:00 AM
Why Does Your HOA Board Need to Maintain Reserve Funds?

HOAs experience unexpected expenses from time to time just as all homeowners do. To have money on hand for rainy day...

By Amanda Causey on Mar 19, 2019 8:08:00 AM