3 Basic Association Accounting Concepts HOA Board Members Should Know
Making and sticking to a budget is not a hard concept for someone to understand. You bring in X amount of dollars each month and you have X amount of bills to pay. The amount of your income is spread out to cover your monthly expenses. Theoretically your income determines the expenses you can afford, although in America we tend to take this too far. But your HOA Board doesn’t have to! Read the article…………
An “exclusive use common area” is defined as a common area that an owner has the exclusive right to use.
“The best way to get people involved is to do it right when they move in,” says Debra A. Warren,