Tag: HOA

Borrowing from Reserves
Blog

Borrowing from Reserves: The Right Way

Budgeting is a critical aspect of managing a homeowner’s association. It helps ensure that the community’s financial needs are met while maintaining financial stability. However, some common budget mistakes can hinder the smooth operation of an HOA. One such mistake is borrowing from reserves. In this blog, we will discuss the potential pitfalls of borrowing from reserves and explore the legal implications of this practice.

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Overcoming Resistance to HOA Budget Contributions
Case Studies

Overcoming Resistance to HOA Budget Contributions

In every Homeowners Association board, there’s often one member who passionately opposes any increase to the budget. Regardless of justifications, this individual consistently votes against it. We were contacted by a Condominium Association that had never conducted a reserve study in its 18-year history.

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The Perfect Recipe for the Start-Up HOA Budget
Blog

The Perfect Recipe for the Start-Up HOA Budget

Are you in the early stages of forming a Homeowners’ Association (HOA) for your new residential development? Crafting the ideal HOA budget is a crucial step toward ensuring the smooth operation and long-term financial health of your community.

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Reserve Study Misconceptions: Debunked
Blog

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.

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HOA development photo of house under construction
Blog

HOA Dues Increase: What You Need to Know

In recent years, the amount of new community associations has experienced a remarkable surge in numbers. However, community associations have not been immune to the far-reaching effects of the pandemic, like surging sale prices and inflation. Both developers and homeowners have encountered their fair share of challenges. In today’s landscape, everything comes at a higher cost, and HOA budgets need to reflect these price increases accurately.

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property What You Need to Know About Subdividing Land Today
Blog

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?”

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