Ways to Balance Life and HOA Board Work

Being the member of Homeowners Association Management can be a very rewarding experience that allows you to communicate daily with amazing people and do some good for the community. However, most Board members are volunteer-based and often members will have a full-time job and responsibilities outside of the Board. Members may feel overwhelmed and like they struggle to…

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Encouraging Your HOA Reserve Study

A homeowner’s association reserve study is very important, as it helps the Board set a realistic budget, maybe with Accounting Software for HOA by considering all possible extra expenses, like emergencies and repairs that weren’t anticipated. It’s not uncommon for homeowners to show some resistance to the reserve study report, though, as they have trouble justifying…

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The Life of a Homeowners Association Manager

Whether you’re considering becoming a homeowners association manager, thinking about hiring one and wondering what they do, or just curious about the process, here is some insight for you into the day-to-day routine of an HOA manager. A Little of Everything The term “HOA manager” perhaps doesn’t do the role justice, as there are many responsibilities…

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Why Your HOA Needs Accounting Software

You’ve probably heard or seen advertisements for Accounting Software for Community Associations, but you might be wondering if they could actually benefit your homeowner association. Homeowners association accounting software helps with day-to-day tasks like payments, invoices, wages payments, and regular reports like balance sheets, profit and loss accounts, and trading accounts. Here we will discuss some…

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Understanding HOA Accounting Basics

When doing accounting tasks with Homeowner Association Software, you have to think reverse of how the typical American sees their household income and budget. With HOA’s, the Board begins by determining the association budget FIRST, then the estimated expenses, followed by determining the revenue source — which is mostly the fees being charged to the property’s…

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HOA Budget Tips

Before purchasing a condominium, most potential buyers take a good look at the Home Owners’ Association (HOA) dues. Not only can high HOA dues be a deterrent to buying a piece of property, but it can also be a hindrance to finding a buyer when you decide to sell. As an owner, you can get…

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