Category: HOA Finance

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]