7 Risks of Being a Self-Managed Homeowners Association

Many HOA boards think they have it all together and can easily manage the homeowners association on their own. But can they really? While there are various factors involved when it comes to whether or not a homeowners association can successfully be self-managed – such as how involved the board members are, the size of the Association, etc. – ultimately an HOA puts itself at risk if it tries to self-manage all the components that are part of the Association. Instead of rolling the dice on hoping for the best for your Association, learn what seven of those risks are and then consider where your Association stands.    Read the article………….


Related Articles

What Do You Do When Your HOA is a Sinking Ship? To Bail or Not to Bail.

The HOA is a sinking ship. The leaks started out small but are growing at an alarming rate as the “influx” of money (assessments) fails to keep up with the “outflux” of cash

Exploring how the “The Monthly Assessment” is determined

November’s column generated an interesting and challenging conversation with a reader about his condo’s monthly assessment and how it was

Condo Boards Take a Stand on Delinquencies

A SUCCESSFUL condominium depends, in large part, on owners’ paying their monthly fees promptly and in full. Delinquencies can mean