HOA Budget

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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Do HOAs Have To File Tax Returns?

A home owners association is considered a corporation by the Internal Revenue Service. Even if the association is organized as a non-profit, the IRS will treat it as a corporation. That means HOAs must file tax returns, including a state return in some states, but that does not necessarily mean an HOA may owe taxes.…

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Role of Association Management Software

Role of Association Management Software   Explaining the Role of Association Management Software On a daily basis, there is no lack of new technology being released in an effort to improve our day-to-day processes, whether it be for personal or professional use. With so many different options available, it’s easy to get confused when choosing…

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Trends in Association Management Software

Trends in Association Management Software Association management software is a very important part of taking care of business in your community. You have to have software that is going to allow you to run the association the right way, and you need to make sure that you have chosen HOA software that is going to…

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Condo Manager Tips – Budgets

Condo Manager Tips – Budgets It’s that time of year again – for falling leaves and pumpkin pie, and HOA budgets. For volunteer board members and property managers alike, creating an association budget around the holidays can be a tough endeavor. With these tips and tricks, Condo Manager can make it easy. – If your…

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Why are Reserve Studies Important?

Just as you’re planning for your retirement, your homeowners association needs to plan for its future. Both are accomplished by saving money for necessary future endeavors. While in your retirement this may mean travelling or simply living comfortably, for HOAs and condo associations it means large repairs and replacements to common elements. When planning for…

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