Preserving market values with sound financial management and informed budgets is a critical task for any board of directors. It’s common for board members to wonder which reserve funding method is best; should they use cash flow or component funding? Properly planning out your Homeowners Association’s budget ensures that you’re prepared for significant repairs and […]
At first glance, it’s tricky to see the dangers of an underfunded HOA reserve. Many HOAs often don’t understand the value of an adequate HOA reserve fund — until it’s too late!
Naming a residential subdivision is never easy. You’ve not only got to make sure your name ticks all the right legal boxes, but you’ve also got to find a name that sells and markets your subdivision in the best way possible. This means that there’s a lot of factors to consider — and not a […]
Reserve fund studies are a crucial long-term financial analysis tool for any Homeowner’s Association (HOA). Why? Well, a reserve fund study provides valuable long-term financial information. In California, reserve studies are also required by law — and must be kept up to date with relevant costs and prices. Reserve studies are also helpful for property […]
Last night, before going to bed, I saw the S&P Homebuilders Index (XHB) was up over 8% in after-hours trading. This morning, I checked and the Index was holding up over 4%! Why the jump? That’s after the NAHB and Wells Fargo released worse than expected housing data showing the effects of the […]
What crazy times we’re living in! As if we all didn’t have enough going on this year already, Covid-19 has brought HOA communities throughout California to sheltering-in-place. Reaching community members has come to another level. While we must always be mindful of personal health, and exposure to unhealthy possibilities, HOA business must go on. As […]
We recently had an interesting case that brought real life issues to the forefront of our Reserve Study services. Every single HOA board has at least one of these owners….the Member who doesn’t want to add one cent to the budget. No matter how many ways the increase might be justified, this person always votes […]
Making headlines this month was the story of an HOA being successfully sued for $20-Million Dollars because of a faulty swing set. The Nevada court jury agreed that the playground equipment was improperly maintained and not inspected regularly. When the swing set finally broke, it caused a serious head injury to one of the tenant’s […]