HOA News, Advice, and Tips
Throughout most of the year, a HOA President is the focal point for scheduling meetings, conducting business and setting the agenda for the association. However, around tax time the HOA Treasurer – working in concert with the board’s community association manager – becomes very important. Most community associations are set up as a corporation. However, just because these […]
Continue ReadingIn our first post on HOA maintenance projects, we discussed the right way to budget for and determine the need. The next step your association has to go through is a formal process to plan the project according to its CC&Rs. One of your HOA’s board members should serve as the de facto project manager, […]
Continue ReadingA civilized society can only function properly when the inhabitants live by a set of rules set forth by that society. If you become a homeowner or resident that is part of a community association then you will be governed by a specific set of rules spelled out in the Covenants Conditions & Restrictions (CC&Rs). […]
Continue ReadingAuthority, Structure & Responsibility The foundation for any non-profit corporation committee is typically found in the Non-Profit or Business Corporation Act of your respective state. Another source of authority is usually found in the association’s bylaws. An example of such language might be as follows: “The Board of Directors may, by resolution, designate one or […]
Continue ReadingHow to Communicate the “News” in the Best Possible Manner If you have been in the association management business for any length of time, then you most likely have been faced with the need for a special assessment (SPA). The mere words can send chills down the spine of a manager and board of directors, […]
Continue ReadingA Quick Reminder Why Are They Important An association uses funds collected from assessments to manage the assets of the community effectively and efficiently. Homeowners are legally bound to pay for their portion of the common areas in order to reside in their community. Contracts are in place between the association and vendors to maintain […]
Continue ReadingBelieve it or not, the poor economy has presented management companies with growth opportunities. Builders have cut back and—in many cases—halted new community build-outs. And while just a few years ago homeowners were quickly selling and trading up to larger properties, today they are staying in their homes until the market gets stronger. While this […]
Continue ReadingNew owners of any kind are a great addition to a community and help the association run. However, one issue that many Community Managers and Boards are seeing is that sometimes a new owner will buy a home in an Association and they not always realize what it means to purchase a home in a […]
Continue ReadingSomeone asked me a few years ago to describe a normal day in the life of a community manager and I had to laugh normality and community management seem such a contradiction in terms. Then I began to think of my normal day. As community managers, we wear a multitude of hats: We are Financial […]
Continue ReadingAs Part 1 dealt with the rights and responsibilities of homeowners, Part 2 will outline the Rights of Community Leaders and the Responsibilities of Community Leaders. This information comes from CAI’s (Community Association Institute) President’s Club. Sentry Management encourages the continuing education of both Board Members and Homeowners through on-going, positive communication. Many owners may […]
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