HOA News, Advice, and Tips
The first three months of 2012 were 6 degrees higher than average in the lower 48 states, according to the National Oceanic and Atmospheric Administration. It’s great to be able to wear shorts in February but there are some potential negative effects. According to Science Daily global temperatures in May were the second warmest on […]
Continue ReadingIn order to operate a successful community association, there are many important facets of association governance that must be understood and implemented by its board of directors. One of the most important is the budgeting process. Most associations are “multi-million dollar non-profit corporations.” This means that the board of directors of an association is often […]
Continue ReadingBudgeting is one of the most important tasks property managers perform for their community Boards. Dealing with rising costs for everyday service, delinquent assessments, examining the common elements to assess need for repair and attempting to maintain adequate reserve amounts for the Association is a balancing act and a challenge. Property managers have typically already […]
Continue ReadingRenters occupy approximately 4 in 10 homes in suburban America. If your unit is one of those homes—or about to become one—here are a few tips that will help you, your renters, and the association. Talk to the Manager The association manager can give you important information about what the association requires of owners and […]
Continue ReadingThere is an old adage that “all politics are local.” Basically this means that government works best when it works at the grassroots level, and community associations that foster positive relationships with these government officials will find that navigating through government bureaucracy will be a lot easier when you know someone on the inside. The […]
Continue ReadingAs a newly elected Board member, you may not be aware of how the Officers of your Association (President, Vice President, Secretary, Treasurer) are selected and what powers and duties each Officer possesses. Unless your Association’s Articles of Incorporation or By-Laws state otherwise, the California Corporation Code states, “Officers shall be chosen by the Board […]
Continue ReadingGaining a competitive edge in today’s real estate market is vital to homeowners’ equity interests. Owners want to feel secure that the money they invest in their home increases in value. Many communities are a co-op or are age-restricted and, in the case of all HOAs, amendments are made to the governing documents and new legislation […]
Continue ReadingWhat does 5 Star mean? You can ask 10 different people and receive 10 different answers. For the homeowner and association, it should mean expecting the absolutely highest level of service. And for the vendor and manager, it should mean delivering the finest, the best, the most impressive and unparalleled service. But what does customer service really […]
Continue ReadingReceiving a financial statement on a monthly basis can be one of the most important management tools in helping you oversee your association’s daily operations. The financial information, when complete, will create a road map for ongoing decision making. Finance Committee meetings of the typical association can be intimidating. Many managers and board members alike […]
Continue ReadingRegardless of whether you are located in a high-rise building or one that is less than 75 feet in height, the sound of someone yelling the word “evacuate” or the sounding of an alarm should immediately yield action. What type of action depends upon the preparedness of the occupants and the severity of the situation. […]
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