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HOA Community Communication: Do’s and Don’ts

HOA Community Communication: Do’s and Don’ts

A concerning issue recently arose in a colleague’s community. They received a notice about a mini horn inspection (fire alarm testing) on their doors. The notice stated, “Annual fire alarm testing has been scheduled. This is required testing to ensure the fire system operates in the event of an emergency.” ...
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HOA Insurance, Carriers, and Trends: What to Expect in 2024

HOA Insurance, Carriers, and Trends: What to Expect in 2024

With the spate of wildfires and other natural disasters in recent years, insurance companies in California have taken a beating. Many insurers are not offering new policies at all, and the ones that are have raised rates to stratospheric levels, making it unaffordable and leaving many homeowners and HOAs anxious ...
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What You Need to Know About HOA Reserve Funds

What You Need to Know About HOA Reserve Funds

In past articles, we’ve talked some about HOA reserve funds, but mainly in the context of other overarching issues, such as the difference between reserve funds and operating funds. So today, let’s dive deeper into reserve funds to answer some common questions and shed some light on best practices around ...
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Buying a Condo in Los Angeles? Check These Tips First!

Buying a Condo in Los Angeles? Check These Tips First!

Los Angeles, California, is undeniably one of the most attractive destinations for people who appreciate the finer things in life. The diversity of LA’s neighborhoods and landscapes is unmatched, and the sun shines (almost) every day. While buying a single-family home might be out of reach for some, condos are ...
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14 Tips for Writing Your HOA Newsletter

14 Tips for Writing Your HOA Newsletter

HOAs need to keep their homeowners and tenants up to speed about events and happenings in the community, and a newsletter is an excellent way to do that. Newsletters can inform, engage, and publicize and can build energy around initiatives and shared interests. If your HOA doesn’t have a newsletter ...
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Property management company repairing plumbing inside a condo

What Repairs are the HOA’s Responsibility?

In condo buildings and communities, it is generally accepted that the HOA is responsible for damage and maintenance outside the unit. At the same time, the homeowner takes care of the inside or any area under their exclusive control. But are there exceptions? And what repairs and maintenance fall into ...
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12 Ways to Increase HOA Revenue to Offset Mounting Expenses

12 Ways to Increase HOA Revenue to Offset Mounting Expenses

As costs for maintenance, insurance, and other essential services continue to rise, many HOAs are challenged to increase cash flow and put a little extra into reserve funding – ideally without being forced to raise fees. Assessments can sometimes be issued to cover ad-hoc expenses, but these can be an ...
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HOA Insurance Coverage Update: What You Need to Know

HOA Insurance Coverage Update: What You Need to Know

Obtaining HOA insurance at a decent rate has been challenging in recent years. With big insurers like Allstate and State Farm discontinuing new policies and rates for existing policies skyrocketing exponentially, many HOAs are finding the need to add assessments and increase fees to cover the additional expense. State of ...
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Security and Guard Services for HOAs

Security and Guard Services for HOAs

Security is paramount. Home ought to be the ultimate safe place. Buyers and potential tenants prioritize properties that have active security programs in place. While there are many ways to secure a building, security guard services are among the most effective. An on-site security guard is a deterrent and offers ...
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Rising HOA condo insurance premiums

Condo Insurance Premiums Are Skyrocketing. What Gives?

If you own a condominium or are part of an HOA in California, you’ve likely been shocked by skyrocketing insurance premiums. In some cases, carriers have decided to drop residential insurance entirely, leaving new home buyers, condo owners, and HOAs in a financial jam. Citing inflation, rising construction costs, wildfires, ...
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HOA balance sheet

The Difference Between Operating Funds and Reserve Funds

Homeowners Association Boards (HOAs) have a fiduciary responsibility to make decisions that are in the best interests of their homeowners. They act on behalf of the association, must put the community’s needs first, and always act in good faith. Operating funds and reserve funds are equally crucial to the community’s ...
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Woman Viewing an AI Generated Virtual Tour of a Property

Streamlining Property Management: The Benefits of Artificial Intelligence

As we enter a new era of technology, the possibilities that artificial intelligence (AI) brings are virtually endless. Lately, we’ve heard a lot about AI in the media with the widespread adoption of AI tools like ChatGPT, but in reality, we all use it every day and have done so ...
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