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Subdividing Land: What You Need to Know
As the world population continues to grow, the demand for land will only increase. By subdividing land into multiple usable lots, the possibility of reaping additional profits is highly likely. This has led many people to ask the question, “How do I subdivide land?”
Red Flags that Signal Potential Problems with Your Reserve Fund
As a homeowner, board member, developer, or community manager, you bear a significant responsibility of ensuring that your community is always in top-notch condition, well-maintained, and prepared for any unexpected situations. One of your primary duties is managing your community’s reserve fund, which serves as a financial buffer to cover any unforeseen expenses or significant repairs.
Making Your HOA more attractive for Insurance Companies
There are fewer insurance companies willing to write policies for HOAs due to perceived risk. In the events that have taken place in 2022, such as floods and fires, there is a massive deficit in insurance for HOAs. Community association insurance plays a significant role in budgeting for HOAs. Insurance premiums are a necessary expense that HOAs must include in their budget to ensure that the community is protected.
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.
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
By the time our clients work with us, they’ve already subdivided the land and have started a project. Even though we don’t offer engineering or
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
The 4 Steps of the Eviction Process in California
To evict a tenant in California, landlords must follow a specific process that can take anywhere from two weeks to four months. The time frame
