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HOA Expenses

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 managing reserve funds. What is […]

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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 this category? Today, we’ll discuss

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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 unwelcome surprise for residents, who

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