HOA News, Advice, and Tips
Budget season is upon us and one of the most controversial subjects that boards face when budgeting is budgeting for bad debt. What exactly is bad debt? It’s those assessments that are not collectible from the homeowner. When budgeting for the association the goal is to have a zero budget, meaning not planning for income […]
Continue ReadingIn a homeowners association, the enforcement of the architectural standards in the community is the primary function of the Architectural Control Committee (ACC) and the Board of Directors. The governing documents for a homeowners association will dictate: The requirement of the board to appoint a standing architectural committee, The number of volunteers required to serve […]
Continue ReadingPlanned communities can be large or small, upscale or average, urban or rural, or somewhere in between. However, they share a common thread because they are all inhabited by people who are members of the world at large. Community Managers can encourage a sense of community by offering programs within the association as well as […]
Continue ReadingWith the holidays approaching, a newsletter is a great way to keep the community informed of upcoming events. However, equally important, is a communication tool that offers information and updates to all homeowners. With many owners having online access and email, a newsletter can be easily sent as an attachment, within the body of an […]
Continue ReadingIt is important for boards of directors to be aware that conflicts of interest or dualities of interest sometime occur in the course of conducting the business affairs of the homeowner association. The appearance of same can be troublesome – – even if there is in fact no conflict whatsoever. Conflicts occur because the many […]
Continue ReadingWe all know that whenever a vendor is on-site to address an HOA issue, certain homeowners like to take advantage of the opportunity to add their two cents about other things around the community, or even their own property, that the vendor could address “just so long as they’re in the area.” This is a […]
Continue ReadingAs an individual homeowner you have the right to rent out your property. However, if you live in a community governed by a homeowner’s association those rights might be limited. Not everyone in a complex can simply rent out their unit. In fact, most HOAs will have a percentage of units that are allowed for […]
Continue ReadingThe fall season is in full swing and while we are all surely enjoying the cooler temperatures, leaves changing color and pumpkin spice lattes, in the back of our minds we know the infamous Chicagoland winter is approaching. Community associations should waste no time in beginning preparations for the winter season. For your property to […]
Continue ReadingAs we look ahead to November this election season, HOA Management (.com) has decided to shed some light on a hot topic in the HOA community. Now is the time when political signs start popping up in the yards and windows of many homeowners. If you own a home in a community association institute such as an […]
Continue ReadingA homeowners association can be beneficial to owners of condominiums, houses and other residential properties, but problems often arise when internal disputes are brought to the attention of the association. Effective dispute resolution is an essential pary of any successful HOA. The Need for a Dispute Resolution Plan As noted by law firm Swedelson & Gottlieb, most […]
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