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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Bitcoin has been steadily on the rise in recent years. What began as more of a niche currency has now made its way into everyday life for some people and industries. If you’re on the board of directors for an HOA or COA, you may...
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