Articles & Insights
Community Associations and Inflation: Strategies for Resilience and Financial Stability
Inflation is a persistent issue that wreaks havoc on the financial health of community associations. From project delays to regular assessment increases and impact on reserve funds, the effects of inflation can be far-reaching and challenging to manage. Community association boards must be proactive in mitigating the impact of inflation to ensure that they can continue to provide necessary services to their members while also planning for future capital projects.
Breaking Ground: How California’s SB-330 Law is Tackling the State’s Housing Crisis
For years, California has been grappling with a pressing issue – a severe housing shortage that particularly impacts low- and moderate-income households who struggle to find affordable homes. To address this issue, Governor Gavin Newsom signed Senate Bill No. 330
Your Go-To for DRE Public Report Processing
If you are a real estate developer in California, obtaining a public report from the Department of Real Estate (DRE) is a crucial step in your project’s success. The public report discloses important information about the development to prospective buyers, such as an overview of the community, the developer’s financial stability, the project’s legal status, the association’s monthly assessments (if any), and the estimated completion date.
Reserve Study Misconceptions: Debunked
As an owner or manager of a homeowner’s association or other planned community, it’s your responsibility to ensure that finances are properly managed. Reserve studies are vital for an association to maintain its financial health, as they are required to take place every three years in accordance with CA Civil Code 5550. However, there are several misconceptions about them. We’re going to divulge some of the most common myths about reserve studies and explain why they are untrue.
Innovations and Advances in California Homeowner’s Associations: A Look into the Future
Homeowner’s associations (HOAs) are constantly evolving and adapting to meet the ever-changing needs of residents. As California’s real estate market continues to grow and change, what can we expect to see as the next big thing in HOAs in the state?
A Guide to the Homeowner’s Association (HOA) Reserve Study
A Homeowners Association (HOA) Reserve Study is an important tool that helps an HOA plan and manage its assets, maintain its financial health, and ensure
When to Get a Disclosure Report to Sell Lots in a Subdivision
Which Subdivision Projects Do Not Need a Disclosure Report? There are a couple of subdivision projects that do not require a Disclosure Report. This includes
5 Tips to Help You Create a Balanced Annual HOA Budget
An annual HOA budget is a financial plan that outlines the estimated income and expenses for a homeowners association (HOA) for a given period, usually
The Rules Regarding Splitting a Land Parcel in California
It’s a well-known fact that the real estate market is highly volatile, and the slightest change in the economy can significantly affect property values. Of
Reserve Study: What Is It and What Information Does It Provide?
If you are a homeowner in a community with a homeowners association, you may have come across the term “Reserve Study” at board meetings or
Tips for Creating a Long-Term Financial Plan for Your HOA
Homeowners Association (HOA) budgeting is an important part of the successful management of a community. Budgeting is an essential tool for an HOA manager to
6 Budgeting Best Practices for HOAs – A Financial Guide
You’ve just joined your first homeowners association (HOA), or maybe you’re thinking about it. In either case, you’re probably wondering what an HOA is and