How Well Do You Understand Your HOA’s Financial Health?

One of the key challenges of being a board member is understanding how HOA and community association financials work. Between budgets, income statements, balance sheets, bank reconciliations, reserves, and other documents, you’re presented with an almost overwhelming amount of information each month. Unless you’re a CPA with HOA experience like me, this can be daunting for even those with a decent amount of financial experience.  Below are some of the most important financial details that you should be aware of as a board member (or property manager). Please take the “quiz” to see how much you already know as well as what you’ll need to learn more about from your treasurer or property manager.    Read the article…………..

Related Articles

What Community Associations Should Know About the Fair Housing Act

Community association board members and managers are often so preoccupied ensuring compliance with state and local laws that they can

8 Alarm Fire on Summer St. in Boston (MA) & Important Fire Safety Info

Earlier this morning there was an Eight-Alarm fire that ran through a South Boston commercial building undergoing renovation, just next

3 Tips for Friendly Neighbor Relationships

One of the best ways to promote a happy, friendly community is to boost neighborhood relationships. In a community where neighbors know each other, you’ll see less problems because everyone is watching out for each other instead of just themselves.