Self-Managed Associations

Get the Best Software for a Self-Managed Association Being part of a self-managed community association offers a different set of challenges that normal property management companies don’t have to deal with. As a self-managed association, you are putting the responsibility of running a community on your own shoulders. This means you are probably working with […]

HOA Documents Can Be Confusing, but They’re Needed to Avoid Disputes and Misunderstandings As a Board Member or Property Manager, it’s critical for you to know what’s included in the documents and to have a working understanding of their purposes. You don’t need to remember every detail of your governing documents, nor does it have […]

Part of your responsibilities as an HOA accountant or HOA Board member is to keep sufficient funds in your HOA reserves. Residents are not fond of special assessments or fees due to poor accounting by the Board members and others who handle their monthly association payments. But What Exactly Is an HOA Reserve Fund? While […]

Audit. The word alone is cringeworthy for a lot of people. Similar to an audit from the IRS, a homeowner’s association audit is a lengthy process. An audit can take three to five weeks. So, investing in the best HOA management software can make it easier to move through any financial review processes required of […]

Sustaining a Business Requires Proper Reporting An understanding of the money coming in and the money going out is necessary for planning, not to mention for staying in good graces with the Internal Revenue Service (IRS). The same rings true for running a homeowners association. Completing different types of HOA audits allows you to keep […]

When it comes to how to manage an HOA, you’ll need to work with more than the homeowners and committee and board members. Your self-managed HOA will require some professional assistance, too. Once you’ve decided whether or not to self-manage or hire a property management company (PMC), consider these factors before running out to enlist […]

There are a lot of ways a community association can handle social and legal affairs, including the option of self-managing the community. Before your community chooses to self-govern (either as a newly developed community or by stepping back from a management company), consider these common pitfalls of HOA or condo association self-management. 1. Reluctance to […]

Everything You Need to Know About Self-Managing Your Condo or HOA Many condos and homeowners’ associations are or have considered becoming self-managed HOAs, also referred to as self-governing HOAs. Regardless of what you call it, a community association governed by its residents can represent monetary savings, more freedom to make decisions, or both when properly […]

The setting is Ancient Rome, in the Colosseum. After two gladiators have fought, the winner looks to Caesar to make a decision. Should the loser live, or die? The crowd goes wild. Holding out their thumbs with their vote—up to say live, down to say die. Caesar raises his arm, and makes the gesture. Just […]