Is your homeowner’s association (HOA) facing unexpected expenses? Do you have a large improvement project not covered by the reserve fund coming up? If the answer to either of these questions is yes, then you may need a special assessment. While the topic of special…
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One thing that all homeowner’s associations (HOAs) have in common is fees. HOA fees are essential for keeping your community running smoothly, as they are the source of most of the association’s funds. HOA fees can help cover a range of expenses, including landscaping, snow…
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Long-term financial planning, utilizing reserve studies, is one of the best things you can do for your community. These financial reports allow your Board to plan long-term maintenance and community improvement projects. In fact, reserve studies are so helpful that twelve states—California, Colorado, Delaware, Florida,…
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