Many boards confuse HOA bookkeeping with accounting. While these two may seem similar, they address very different issues. It is important to understand the role of each practice so that the board can hire the right support and keep the association on track. ...
When homeowners violate the rules, they can face HOA fines. Can a homeowners association charge fines in the first place? What does the HOA do with the money it collects from these fines? It is important to understand the legality of fines and the requirements that...
HOA reserve funds are an essential part of financial planning and stability. These reserves act as the association’s savings, set aside for major expenses in the future. Understanding the ins and outs of HOA reserves is essential for all members. What are HOA...
