Finance – General

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

Not My Building Not My Problem: Special Assessments, Cost of Repairs, and Who Has to Pay (FL)

Condominium associations exist in high concentration throughout Florida, many of which are made of a collection of buildings, and not…

2 years ago

4 Ways Inflation Can Impact Your Condo and HOA

Condominium, homeowner (HOA), and townhome community association board members and property managers prepare budgets to cover operational costs. These expenses…

2 years ago

HOA purchasing policies

Members of HOAs and condo communities pay fees that are used to maintain the development. A lot of that money…

2 years ago

How to Investigate Suspicious Financial Activity in Your HOA

Today, a homeowners’ association’s (HOA’s) board of directors depends on technology to store contracts, banking information, and other confidential documents.…

2 years ago

Can your association pay all its bills during the 2022 inflation storm? (FL)

Most condos and homeowners’ associations prepared their 2022 budgets in the fall of 2021. At that time, the expectation was…

2 years ago

Money Laundering – What to Watch For

In 2020 the Foundation for Community Association Research discovered that community associations in the U.S. handle $96 billion dollars in…

2 years ago

Your Guide to HOA Finance, Accounting, and Budgeting

Keeping the association in good financial standing is one of the most important duties of an HOA board. Poor HOA…

2 years ago

Condo Column: Access to your money (NH)

An issue arises occasionally at condominium associations that arose lately at an association I am fortunate enough to represent, and…

2 years ago

Understanding the Basics of Board Financial Reporting

As a property manager or community association board member, sometimes it’s tough to remember that associations are businesses. Some of…

2 years ago