How HOA Management Companies Can Help Your Community Financially
Some association-governed communities hesitate to hire HOA management companies to save money. However, when you consider...
Financial Facts Condo Buyers Need to Know
Buying a condo can have several advantages over buying a house. Unlike owning a freestanding residence that occupies a plot...
Special Assessment Fees vs Reserve Fund Contributions
Because community expenses are privately funded, HOA communities and similar types of planned neighborhoods must develop an...
HOA Management Companies | How They Help HOAs Manage Costs
When assessing your planned community’s cost management plans, you may find that the community is overpaying for services it...
How Can a Reserve Study Benefit Your Community?
Financial advisors to HOA communities recommend that their clients perform a reserve study at least once annually to ensure...
Establishing a Fair Collection Policy for Assessment Fees
Assessment fees support services that distinguish association-governed communities from conventional ones. When assessment...
Creating the Annual Budget
In just a few months, association-governed communities will need to have their budget mapped out for the new year. If your...
The Importance of Auditing Under SAS 99
In December of 2002, the American Institute of Certified Public Accountants (AICPA) instituted tougher auditing standards...
Options for Generating Reserve Funds
Maintaining a reserve fund is a part of sound community association management. Without the fund, a community has one option...