Putting off maintenance will always cost your HOA or COA more in the long run. You’re only prolonging the inevitable and it will certainly have a negative impact on your community. Not only that, but it can also be dangerous in the present. It could...
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Unexpected association expenses happen. One of the ways you can go about paying for them is a special assessment. These are special fees you charge your members on top of their usual monthly fees to cover deferred maintenance or unexpected repairs or replacements. Here’s what...
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Are you wondering about the best way to allocate reserve funds for your homeowners’ association or condo association? Here is what you need to know about two of the most common reserve funding methods: pooled funding and component funding. Why You Need Reserves Managing a homeowners’ association...
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Few things are more frustrating for your association than dealing with unexpected repair and replacement costs. Repairs and replacements can eat away at your carefully-budgeted association funds, so it’s important to budget for these things. That’s why we recommend that you schedule a reserve study....
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Performing an audit of your association’s finances is crucial to keeping your HOA running smoothly. It can definitely be stressful and expensive but it will protect your association in the long run. Here’s what you need to know about the HOA audit process. What is an...
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A pool is a fantastic attraction for any association, especially in Florida where it can be used year-round. But keeping the pool in top shape can be a challenge. Here are some pool guidelines to follow on safety and maintenance so that all your COA...
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Are you looking for an added level of security for your association? Security cameras are a great way to ensure that your association stays safe and protected. Security cameras can monitor behavior, help stop theft, and make your residents feel safe. Before installing security cameras,...
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We frequently throw around the term “Safe Harbor” in our industry, but often forget to explain what it means. We asked our friends at Business Law Group to write an article explaining what it is and how it affects collections. Let us know if you...
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You may have heard of blockchain, the technology that’s at the root of cryptocurrencies such as Bitcoin—but have you heard about how blockchain could help with association recordkeeping? If you’re tired of the time-consuming, complex process of maintaining digital records for unit owners, blockchain may...
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Summer is quickly approaching, and that means hurricane season! Hurricane preparedness comes as second nature for most Floridians. Even so, HOAs and COAs have certain responsibilities when it comes to keeping communities safe from natural disasters. Keep reading to learn more about hurricane preparedness! Your Top...
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