Top 7 Benefits of HOA Online Voting Software
Carrying out the voting process in an HOA community can be sticky business if not handled properly. US law requires HOAs to hold board elections at least every four years, and most HOAs’ board terms are usually every one or two years, in addition to all the other activities that require votes from members. So, […]
Common HOA Voting Rules You Need to Understand
HOA communities are governed by regulations that are legally binding; even pertaining to the process of how voting in the community is done. So, while casting a vote might appear to be one simple act, there is a series of HOA voting rules that must be adhered to. Table of contents Which HOA governing documents […]
How Software Improves HOA Reserve Fund Management in 2024
Some HOAs still manually manage finances for their reserve fund. Tediously entering numbers into their excel sheets and trying to reconcile tens of thousands of dollars to produce an accurate reserve fund report. It’s a dated approach to a continually evolving financial HOA environment. Did you know in the USA, HOA reserves have totaled over […]
Homeowners association reserve study guide
A reserve fund is like a nest-egg for associations. Every HOA needs ones for unexpected events and major expenses. The money invested in this fund comes from owners’ monthly fees, which are split between the operating budget and the reserve fund. The money put into the reserve fund accumulates over time so that when the […]
Times Change: Why HOA Amendments Matter
There is a saying that goes, “Rules are made to be broken.” Sometimes this is true, especially when society and times are changing so fast. Some rules that were appropriate from the past no longer apply. These changes can affect individuals and certainly HOA (Homeowner association) communities where many people live in a community and […]
Top 7 HOA Property Management Trends in 2024 to Future Proof Your Business
HOA property management trends are constantly evolving due to influencing factors ranging from the housing market fluctuations to regulations to industry growth. Since its origins in the 1950s, HOA property management has grown from primarily maintaining aesthetics and structural integrity in a shared community to its present operation of enforcing rules and regulations, collecting fees […]
10 Valuable Considerations When Creating HOA EV Charging Station Policies
Electric vehicle (EV) sales have been growing year over year because consumers are showing an interest in eco-friendly mobility. In fact, in 2022 EV sales broke records reaching sales over 918,000 light electric vehicle sales. With the increase in the number of EVs, the need for charging stations has also increased. The pros of having […]
How HOAs Safely Invest Reserve Funds for Growth
The Homeowners Association (HOA) reserve fund is often seen as a safety cushion to be used for unforeseen expenses that arise for major repairs, capital improvements and maintenance in shared community areas, however, this fund has untapped investment potential. With the average HOA fee per homeowner being $200-$300/month multiplied by 365,000 HOA communities in the […]
5 examples of HOA websites (plus important features)
An HOA website acts as a secure platform for sharing and receiving essential information like announcements, forms, directories and more.
5 Key Strategies to Bolster Your HOA Reserve Fund: Everyone Benefits
Keeping HOA reserve funds strong is a must for the longevity of shared community living. Therefore, the HOA reserve fund is a lifeline that ensures the community’s well-being in the face of unforeseen challenges. HOAs are stewards of billions of dollars. In fact, reserve funds used for repair, replacement and enhancement of common property totaled […]
Top 7 Tips for Reserve Fund Management: and How You Can Increase It
Financially secure homeowner associations (HOAs) don’t just happen. When HOAs are financially secure it’s because HOA board members apply sound financial judgement to reserve fund management using the tools and information available to them. It’s easy for reserve funds to dip down when rising costs for materials, maintenance, and even legal costs are an ever-imposing […]
How to Increase Community Engagement: Creative Ideas for HOA Boards
Increasing community involvement in a Homeowners Association (HOA) leads to a vibrant community where people want to live. The HOA board, homeowners, volunteers, and managers all play pivotal roles in building a strong community. However, in today’s busy world, attending HOA meetings may not be a top priority for many. However, innovative ideas to boost […]
How to Navigate HOA Legal Requirements: What Board Members Need to Know
Homeowners Associations (HOAs) are held accountable not only by the wants and needs of its community members, but are also governed by statutes: Additionally, HOAs have their own covenants, conditions, and restrictions (CC&Rs) they must abide by. Because HOAs are responsible for so many things ranging from financial management to repairs and upkeep and beyond, […]
Top 8 HOA Conflict Resolution Tips: Build a Better Resident Experience
While conflict may be inevitable, finding a resolution should be made as easy as possible. Homeowner Associations (HOA) know only too well the many challenges that arise when people from all walks of life live together in one community. Disagreements can stem from any number of things from personal values and opinions to cultural differences […]
Ensuring Long-Term Sustainability: Best Practices for HOA Reserve Funds
Are you on the HOA community board, ready to champion the cause of maintaining reserve funds? It’s a noble task, but let’s be honest—it’s no walk in the park. It takes commitment and a set of best practices to guarantee the long-term sustainability of your HOA reserve funds, especially when the unexpected comes knocking. Join […]
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