The Quick Guide on What to Look for in HOA Financial Statements
HOA Management Solutions Blog
by Spencer Brod
1y ago
As a member of the board, your ability to understand your community’s financial situation is critical. Without a proper understanding of your HOA financials, you run the risk of managing an inaccurate operating budget that could prove detrimental to your community ..read more
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Breaking Down the Duties of HOA Board Members
HOA Management Solutions Blog
by Spencer Brod
1y ago
Whether you’re brand new to the board or a staple in your community, it’s critical that everyone on the board understands the role they play in building a great community. Though specific roles and responsibilities vary by position, there are some overarching principles that every board member should adhere to ..read more
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How to Select the Best HOA Vendors and Ensure Great Outcomes
HOA Management Solutions Blog
by Spencer Brod
1y ago
One of the most important things every HOA board must consider is its vendors. Partner with the right vendors and your community is set up for great success; partner with the wrong vendors, though, and you add another layer of difficulty to managing your community and relating to your members ..read more
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HOA Bank Account Reconciliation: What to Look for and Why it's Important
HOA Management Solutions Blog
by Spencer Brod
1y ago
HOA bank statements are one of the most important tools for assessing the financial health of your organization. From budget allocation to discretionary spending, so many financial decisions come from your reconciliation ..read more
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The Quick Guide on What to Look for in HOA Financial Statements
HOA Management Solutions Blog
by Spencer Brod
1y ago
As a member of the board, your ability to understand your community’s financial situation is critical. Without a proper understanding of your HOA financials, you run the risk of managing an inaccurate operating budget that could prove detrimental to your community ..read more
Visit website
How to Select the Best HOA Vendors and Ensure Great Outcomes
HOA Management Solutions Blog
by Spencer Brod
1y ago
One of the most important things every HOA board must consider is its vendors. Partner with the right vendors and your community is set up for great success; partner with the wrong vendors, though, and you add another layer of difficulty to managing your community and relating to your members ..read more
Visit website
Overcoming Unique Challenges as a Self-Managed HOA President
HOA Management Solutions Blog
by HOA Management Solutions Team
1y ago
Self-managed HOAs are associations run entirely by members of the association. Many condo groups and neighborhoods may start their HOAs as completely self-managed groups to retain control of the community, stay involved in the day-to-day operations of the HOA, and ensure association fees are spent based on the community's preferences.  ..read more
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