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Self-Managed HOA Audits: What You Need to Know

Self-Managed HOA Audits: What You Need to Know

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 […]

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How to Manage an HOA: 3 Professionals Self-Managed Associations Need to Work With

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 […]

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Avoid These 7 Pitfalls Faced by Self-Managed HOAs

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 […]

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How To Run A Homeowner's Association

How To Run A Homeowner’s Association [Free eBook]

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 […]

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3 Things Every CAM Manager Should Know About HOA Resales [Free Estoppel Letter Template]

3 Things Every CAM Manager Should Know About HOA Resales [Free Estoppel Letter Template]

Note: This article has been updated since it’s original publication. An important aspect of any professional CAM manager’s job is dealing with home resales that occur in the community. Unlike the realtors, brokers and other real estate professionals who are looking out for the interests of the seller or the buyer in a sale, the […]

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Before Legal Action: How to collect past due assessments [Free Sample Collection Letters]

Note: This article has been updated since it’s original publication. Homeowner Collections is an unsavory topic. It’s no fun to be ‘THAT guy’ who is going after down-on-their-luck neighbors and demanding money. Of course, in a homeowners association, you always have the nuclear option for collections—the home lien—but that should really be a last resort. […]

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Young African entrepreneur with a vision for success

So You’re Thinking of Starting a Property Management Company

Note: This article has been updated since it’s original publication. This article, penned by TOPS founder Jeff Hardy, is an insightful look into not only what it takes to start your own management company, but also to understand the benefits a management company brings to your community should you choose the PMC route instead of […]

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Year-End Checklist for CAM Accountants

Year-End Checklist for CAM Accountants

Note: This article has been updated since it’s original publication. It’s the new year. The holidays are over and if you’re a CAM Accounting professional, now is when the real work begins. That’s because the new year also marks the beginning of a much more stressful time in community association accounting – Year End. If […]

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Businessman presenting a new strategy to his colleagues

Pitching to the Board: A Sales Presentation for Management Companies

Note: This article has been updated since it’s original publication. Pitching to the Board Getting the meeting is step one. Whether you reached out to them, or the community came to you looking for new management, you’ve managed to score a meeting to make your presentation to the board. Now it’s time to prepare your […]

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negotiating a resale contract

Here’s Looking at Resales, Kid. (Understanding HOA & Condo Resale Disclosures)

Note: This article has been updated since it’s original publication. The Home Buyer’s Friend “Of all the gin joints in all the towns in all the world, she walks into mine.” Getting a resale certificate request can make a community association manager feel like Rick from the classic movie Casablanca. While it’s good to see […]

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