Finance – General

How Much Money Is Recommended to Keep in a HOA or Condo Operating Bank Account

We frequently are asked about how much money is recommended to keep in a HOA or Condo operating bank account.…

1 year ago

HOA Financial Fraud Prevention: Protecting Your Community’s Assets (CA)

It’s 2023, and Homeowner Association (HOA) fraud is on the rise. With more and more HOAs formed each year, it’s…

1 year ago

Does Recession Affect The HOA? How And What To Do?

One of the last things any homeowners association needs is a recession. But in what way can a recession affect…

1 year ago

HOA Bad Debt: How Does This Affect Your HOA’s Funds?

Like many other organizations, homeowners associations can also encounter a bad debt. But, what is HOA bad debt anyway? And…

2 years ago

Bankruptcy Basics for Condominiums (MA)

During the COVID-19 pandemic, both the federal government and the Commonwealth of Massachusetts imposed foreclosure and eviction moratoriums. Due to…

2 years ago

A Guide to HOA Budget, Accounting, and Finance

Understanding how to interpret your HOA management company’s financials are an important part of your role in an HOA. The…

2 years ago

HOA Accounting Reports You Should Know That Are Not Financial Reports

Many homeowners associations focus on the operational side of community management. But, the financial aspect is just as important. And…

2 years ago

Investing Association Reserve Funds—A Historical Perspective

When we discuss the best practices for investing association reserve funds in today’s world, it is probably best to review…

2 years ago

Telling Your Association’s Financial Story: How to Read Monthly Financials Properly

Have you ever found yourself looking at a set of association financials that appear to be a bunch of codes…

2 years ago

Increases from Insurance, Inspections and Reserves Rattling Many Condominium Communities (FL)

A recent article in the Palm Beach Post chronicled the early signs of the financial strains that Florida condominium associations…

2 years ago