NOTICE: This article is important to the health of your HOA! As Board Members you have more than likely heard the term fiduciary duty more than you care to remember. However, fiduciary duty is of the utmost importance, especially as a Board Member. As a fiduciary your obligation to the association is to act in […]
You’ve probably heard that there’s no such a thing as a stupid question, and that’s especially true in regards to HOA insurance. The only foolish move would be NOT to ask. Asking questions like, “Is our HOA covered?” or “What kind of insurance do we need?” are essential to ensuring that your HOA is fully […]
Can the HOA improve relationships within the board, and with the community? If Board Members aren’t communicating, you’re doomed from the start. Strive for respectful, responsible communication. Communicate with homeowners and residents through the HOA website, email blasts, newsletters, and social media. Be sure to read our series on Social Media in the HOA to […]
Can it be done? Absolutely. Here’s how to cut costs in the HOA (also known as Community Association) and get out of debt: Review the HOA collections policy. Can the policy be revised to allow a shorter timeframe between collection letters while upholding state statutes? Review current vendor contracts. Are the Community Association vendors providing all […]
Arizona is known for being a warm getaway for snowbirds that want to escape the freezing temperatures that much of the United States experiences in winter. “New” neighbors are moving back into their community associations every day since fall has commenced. As a result, it’s not uncommon for residents in Arizona HOA communities to have […]
If you are like any one of us, it’s tough to put down the smart phone or tablet after a long day of work. And it sure doesn’t take long to find any article, whether in mainstream media or self published bloggers, to discover the staggering statistics of how more and more we are disconnected […]
Every HOA has rules. Every HOA Board has to create rules, and get compliance from community members. Seems easy, right? Usually never. Why? Because communication falls through or falls flat. Hopefully, when HOA rules are written they are not overly intrusive to begin with. But, more importantly they are clearly communicated. When the rule is […]
“The hardest thing in the world to understand is the income tax.” That statement, attributed to Albert Einstein, is widely thought to be true. But we find that the financials of a community (or homeowners) association – most of which are nonprofits – can be just as confounding as those pages upon pages of personal […]
Hot and cold, work and play, sour and sweet – most things in life work better in harmony and balance. It’s no different for members of a homeowners association: community is simply more enjoyable for everyone when homeowners embrace their rights and responsibilities with equal vigor. First, some responsibilities for homeowners: Maintain your property according […]
Moving to a new home may have only rated a 20 on the Holmes and Rahe Stress Scale – that 70s-era psychological study in which researchers related common life stressors to illness – but anyone who’s moved knows that it’s never easy. Packing and unpacking, new schools, new jobs, upended schedules and routines, too much […]