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 […]

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 […]

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, […]

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 […]

HOAs can ban short-term rentals, but they must be clear about what a short-term rental is, and why the ban has been implemented.

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Homeowners living in Oregon may soon get the opportunity to farm their own eggs, produce honey and grow vegetables.

A competent financial committee can be instrumental in providing clear financial oversight to a board of directors.

When it comes to condo finances, the fewer mistakes you make, the better. Read about these money mistakes now to avoid making them later on.

Generally speaking, boards can advocate for a special assessment or an amendment to rules. However, boards cannot tell members how to vote.

When it comes to condo or HOA affairs, should members have their own website to conduct business, pay bills and find information?

In this article, highlight some specific examples of conflicts of interest, and offer some suggestions on how to avoid them.