As an HOA Board member, your commitment plays a crucial role in the management of your community. Understanding and overseeing the HOA's insurance policies are fundamental aspects of this responsibility. This guide is designed to provide a solid foundation in HOA insurance, enabling you to make informed decisions about the insurance requirements for your community. . Key Takeaways . Importance of Coverage: Discover how HOA insurance, or the master policy, plays a pivotal role in protecting homeowner’s associations from disasters and liability. Coverage Types & Responsibilities: Unravel ..read more

Transitioning an association from a developer-controlled Board to a homeowner-controlled Board can be a complex process with various challenges. However, with careful planning and execution, it can be a smooth and successful endeavor. In this guide, we'll explore the essential steps and considerations for the newly elected HOA Board members to ensure a seamless transition, along with insights on how partnering with AAM, LLC, a professional HOA management company, can streamline the process. . Understanding HOA Transition Transitioning control from the developer to the homeowners marks a signif ..read more

Mastering HOA Finances: 8 Signs You Need an Expert Management Company Effective financial management is a cornerstone for the success of any Homeowners Association (HOA). Often, HOA Board members, despite their commitment, may need more expertise for the intricate financial responsibilities these associations entail. Recognizing when professional financial management is needed can be pivotal for an HOA's financial integrity and smooth operation. This article highlights eight key indicators that your HOA might benefit from the financial expertise of a professional community (HOA) management com ..read more

Master-planned communities are large housing developments that typically feature various neighborhoods, sub-divisions, recreational facilities, amenities, and possibly multiple builders. They also usually represent a blend of lifestyle, convenience, and quality living, offering residents a variety of housing options. Whether you are settling into a townhouse, a single-family home, a condo, or an apartment, these master-planned developments ensure you enjoy amenities tailored for different life stages, all under one community roof. Below, you will find detailed descriptions of the components t ..read more

The HOA budget serves as the financial blueprint of a homeowner’s association (HOA). The budget gives a detailed estimation of the association’s revenues, expenditures, and allocations toward reserve funds over a set time frame, typically a year. Generally, the association's Community Manager collaborates with the HOA Board Treasurer to formulate a preliminary budget. Alternatively, some associations opt to form a Budgetary Committee involving community member volunteers. This approach not only divides the responsibility but also boosts understanding and approval of the budget, enabling reside ..read more

When it comes to effectively managing a homeowners’ association (HOA), hiring a professional HOA management company can provide numerous benefits. This article will explore the top 10 benefits of hiring an HOA management company and how they help run day-to-day operations smoothly and effectively. . Expertise and Experience When you choose to partner with a professional HOA management company, you're not just hiring a service—you're harnessing a wealth of industry-specific expertise and an abundance of hands-on experience. The experience professional HOA management companies bring to the tab ..read more

As a homeowner or Board Member living in an HOA, you may have heard the terms Resolutions and Amendments but may not fully understand the differences between the two. These terms refer to how homeowner associations document decisions made by the Board of Directors, and it is essential to understand the nuances of each to navigate the complexities of community association management with ease. . HOA Resolutions vs. Amendments: Defining the Terms When to Use HOA Resolutions vs. Amendments Types of Resolutions The Process: How to Implement HOA Resolutions and Amendments What should be included ..read more

As a homeowner in a community governed by a homeowners association (HOA), commonly referred to as a Community Association, you may be curious about the roles and responsibilities of the Board of Directors. The Board of Directors are elected by the association members to serve as their representatives and make decisions on behalf of the community. The Board is made up of several positions, each with specific roles and responsibilities. In this article, we will outline the key Board positions and primary assignments and take a closer look at the functions of an HOA Board and how a management com ..read more

As a Board member of an HOA, you have an important responsibility to ensure that the association is running smoothly and effectively. Your fiduciary duty is to make decisions that reflect the best interests of the community and its membership. In this article, we will provide 10 tips for successful HOA Board members that will help you fulfill this duty and ensure the success of your community. Tip #1: Be Consistent Consistency is key to the success of any community association. By consistently enforcing rules, maintaining Board meeting expectations, and communicating regularly with residents ..read more

Homeowners Association (HOA) management companies handle a community's day-to-day operations. Their services generally include maintaining common areas, managing financials, and enforcing rules and regulations. Though, the level of service provided is not always created equal and may not satisfy the needs of the community, residents, or Board. Sometimes, the Board is faced with the task of switching HOA management companies, whether due to poor communication, lack of transparency, or simply a change in priorities or needs of the homeowner's association. In this article, we'll discuss the main ..read more