Self-Managed Associations

 

What COVID-19 Has Taught Us About Community Management

The start of the pandemic and the shutdowns that ensued sent many businesses scrambling to figure out how to keep everything running. Everyone has learned something during this time, including those of us in the community management space. Luckily, the community management lessons learned can be an ongoing part of your strategy. It’s fair to […]

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How to Streamline Your HOA Financial Reporting

How to Streamline Your HOA Financial Reporting The first step in streamlining anything is to clean up and get organized. HOA boards still working on spreadsheets or multiple systems are prone to face issues with incorrect data in their HOA financial reporting. Multiple users and many versions of similar files could be putting your association […]

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How to Run Your HOA Board Meeting

Let’s Face It In general, meetings are not a lot of fun. Meetings are the source of frequent complaints in both the professional and personal worlds. Some of the usual grievances people express are that no one is paying attention, the conversation went way off topic, the issue could have been handled by an email, […]

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Community Management Software

The Advantages of Software for a Self-Managed Association

Becoming, or remaining, self-managed is a difficult choice for any association regardless of size. Each new board election or budget period is often the best time to ask the question, if self-managing the community will allow the community to thrive? The professional management fees may give an inexperienced board sticker shock at times, but those […]

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What You Need to Know About Resale Disclosure Documents

What Are Resale Disclosure Documents? Whether you are a property management company or a self-managed homeowners association, you will at one point need to handle resale disclosure documents. Depending on the type of community you have, this will impact whose responsibility the resale documents fall under. Resale documents, also known as estoppel letters or closing […]

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Community Management Software for Your Self-Managed Community

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 […]

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Everything You Need to Know About HOA Documents

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 […]

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What Is an HOA Reserve Fund?

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 […]

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Top 3 Things To Know About A Homeowner’s Association Audit

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 […]

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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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