2024 has not delivered much financial relief. Money continues to be tight and everyone is feeling the pinch. Naturally, organizations are looking for new and creative ways to save or generate money, and governed communities are no different. Condo and HOA members may be considering wealth-building initiatives including charging for visitor parking, upgrading to more […]

Communities of all sizes have challenges, and large HOA communities have challenges multiplied due to their large volume of members and size of communities. Table of contents Large HOA community challenges and solutions Poor Communication Property Management Managing Rule Breakers Managing Monies Booking Amenities Security and Safety Choosing the right solutions for large HOA communities […]

Large associations manage thousands of homeowner-related activities and massive properties with multiple neighborhoods. In fact, large-scale community associations, like master planned communities with sub-associations typically have a minimum of 1000 homes or a minimum of 1000 acres with an annual budget of 2 million dollars or more according to the Community Associations Institute. Table of […]

Large associations, also known as large-scale associations, have committee structures that reflect the size and operation of their large, planned community. Committees are important for effective operation of planned community living because they are formed to facilitate and accomplish tasks that support the HOA board and lead to a cohesive and pleasant living environment. Table […]

Many are familiar with the term homeowners’ association (HOA). HOAs started multiplying quickly in the 1960s as the Federal government encouraged large residential housing developments. Today, over 74 million Americans live HOAs, condominium communities, or cooperatives. Table of contents What is a homeowner’s association? What is a master association? Why is a master association necessary? […]

To say we are living in a digital age is no understatement. Did you know that as of 2023 there are over 310 million smartphone users in the U.S. alone? People are using their electronic devices—cellphones, tablets, laptops—for everything from arming security in their homes to voting. Yes, even casting votes. Table of contents Traditional […]

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, […]

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 […]

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 […]

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 U.S., […]

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 […]

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 […]

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 […]

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 […]

In this article, we’ll look at free HOA software that is well-designed, functional and easy for board members and property managers to use.