EVENTS AND NEWS

Annual Meetings – They’re Worth Your Time

Most of us do not have time for another meeting, but your upcoming HOA annual meeting is worth attending if you can make it. While your HOA Board meets monthly, at this time of year things like new Board members and budgets are being approved and often need a quorum to do so (meaning that…

How Does HOA Budget Ratification Process Work?

Budget ratification may sound scary but it is actually a very good thing. Let’s start here: what is budget ratification? A budget ratification meeting is a meeting of the owners of the association to review the proposed budget that has been adopted by the executive board.  OK, great – but what does that actually mean?…

Board Budget – What Should Be Top of Mind This Time of Year?

Even if you’ve done your reserve study and don’t have any large-scale assessments for the coming year, there are other factors that can impact the effectiveness of your budget year-over-year. For more information on a reserve study check out our overview here. What factors can impact budget/dues increases? Budgeting is hard. There, we said it.…

Why do we have HOA dues & what do they cover?

WHAT AM I PAYING FOR? The HOA uses the money it collects to help maintain or improve your community. Fees are in addition to your mortgage, property tax and homeowners’ insurance payments. Even if your mortgage is paid off (lucky you!), you’ll have to continue paying HOA fees. Most community assessments and dues cover some…

Large Scale Assessments

It’s Board budget season. Have you thought about any large-scale assessments that may need to be added? Not sure what that means? Check out our blog here on why you may need a reserve study, which typically helps identify large -scale assessments. But, essentially, it’s as the name sounds; we’re looking at the big stuff…

What is a reserve study and when do I need one?

Budget problems don’t go away, they just get bigger… just like a slow leak if left unattended you could find yourself in some pretty fast-moving water.You need to always consider your association’s reserves. Your reserve fund is there to cover future needs and should always stay at an optimal level.At this time of year, we…