Six tips for effectively managing your HOA’s budget

/ Owner - July 9, 2021

There are three key items that determine the success of any HOA: communication, management, and money. In this article, we will focus on the last point.  While HOAs may hire professionals to help them manage the association’s finances, it is ultimately up to the board to make sure the HOA is in good financial health. Boards work hard to ensure there is enough money available to keep the development clean and safe, but many of these volunteers don’t have experience working with such a large and complex budget. From assessing current expenses, to analyzing historical data, to making realistic projections, there is a lot that goes into managing a budget, and there is little room for error.    Read the entire article……………………………….

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