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Category: HOA Finance

Should You Be Aware Of Super Liens?

September 9, 2013January 18, 2020 HOA Management News

Having a lien placed on your home is never pleasant, but when a super lien is placed, it seems unbearable. A lien automatically attaches to a property when the owner hasn’t paid the monthly fees or assessments for their homeowners association. A super lien is a much higher priority, it is similar to a property […]

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Can HOA's Buy Distressed Units?

March 27, 2013January 20, 2020 HOA Management News0

There’s an argument floating around that HOAs should purchase distressed properties in their association so they don’t get sold for pennies on the dollar later on. The thinking is that if you can invest the organization’s funds to maintain property values in your community. It looks good on paper but it’s rarely done. The truth […]

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Eight Ways to Save Money in Your Community

March 14, 2013January 20, 2020 HOA Management News0

All of us – board members, homeowners, managers – like to save money. Just as the green movement encourages us to save energy, today’s economy makes conserving financial resources especially important. Every dollar that is saved ultimately reduces pressure to increase fees in the future. There are many ways to conserve a community association’s financial […]

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Can an HOA Sell Common Areas to Generate Revenue?

March 14, 2013January 20, 2020 HOA Management News0

For many HOAs, times are tough and money is tight. In the past we’ve outlined some ways to cut your costs. Today we’re looking at possible way to boost your revenue. Let’s say for example you have a parking lot that the growing business next to your property might like a piece of. Or maybe […]

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How to Set the Right Funding Goals for Your Association

March 14, 2013January 19, 2020 HOA Management News0

Reserve studies are intended to help financially prepare an association for the inevitable necessity of major repairs or replacement of facilities, equipment and other assets in a community association’s common areas.  Since the association is required to maintain these items, it is critical that the needed funds be available when the time comes to provide […]

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Understanding Your Association's Expenses

March 14, 2013January 18, 2020 HOA Management News0

The expenses your association incurs play a vital role in the financial backbone for your community association. They affect your Net Income, Future and current Budgeting, financial standing and are planned to be spent on the betterment for all of the residents within your association. Understanding what your expenses are and the significance of having […]

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Cut your costs in 2013

January 14, 2013January 20, 2020 HOA Management News1

Happy New Year from Barrera and Company! This year, resolve to cut your costs and properly fund your reserves. Oftentimes delinquent dues and bad debt will create cash-flow problems for your Homeowners Association (HOA). Collections and liens can be costly and hard to retrieve as well. As board members and property managers, you are expected […]

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Eight Ways to Save Money in Your Community

January 3, 2013January 19, 2020 HOA Management News0

All of us – board members, homeowners, managers – like to save money. Just as the green movement encourages us to save energy, today’s economy makes conserving financial resources especially important. Every dollar that is saved ultimately reduces pressure to increase fees in the future. There are many ways to conserve a community association’s financial […]

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Vocabulary of Basic Accounting Fundamentals for Association Managers and Volunteer Board Members

December 13, 2012January 20, 2020 HOA Management News0

There are many important characteristics of a successful community association. However, the cornerstone of an association is its financial position and accounting practices. This is why it is so important for board members to understand basic accounting vocabulary.

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