An HOA has a fiduciary relationship with the homeowners within the community. As a board member, you’re responsible for maintaining that relationship and ensuring that there is trust between the HOA leadership and the homeowners you serve. So what, exactly, are the fiduciary responsibilities of HOA board members? The legal definition of a fiduciary duty, …
HOA board meetings need to be productive. Important community and homeowner matters are discussed and debated, and decisions of consequence are made during these meetings. It’s hard to run a successful HOA board without good board meetings. Drumming up attendance is important. Sticking to the meeting agenda is important. Perhaps most important, however, are the …
Is your HOA board struggling to streamline and improve communication? The way your board communicates with your HOA management company is especially important. If you find you’re not able to connect with your management partners, there may be confusion and frustration. You’ll only create additional work for each other. Your homeowners will also suffer when …
How to Streamline Communication Between HOA Board and Management Read More »
A lot of HOA management companies are available to California communities, but how do you choose one? The right HOA management partner will make a positive difference in your community. You’ll find that systems are automated and efficient, homeowners have somewhere to turn when they need help, and the board has a lot of time …
Finding the Best HOA MAnagement for Your Community Read More »
In California HOAs, renters within that association can be required to carry an HO-4 policy which protects their personal property against loss and limits exposure to personal liability claims. If you don’t already require renters insurance, you should consider amending your CC&Rs to require that tenants in your community carry insurance. To avoid potential liability, …
Navigating Renters Insurance in an HOA Community Read More »
There are several different services you should expect from an HOA management company. When you partner with professional association managers, you can expect them to facilitate all of the daily operations of your community association, as well as special projects that you need help with. You and your management partner need to lay out a …
Hiring an HOA management company is a good first step in improving the way your board and association operate. Where do you even start when you’re looking for the right HOA partner? There’s a lot of information you can learn about a company online. You can read their reviews, check out what they’ve posted that …
Questions to Ask Perspective HOA Property Management Companies Read More »
As professionals who work with a number of HOA boards throughout California, we know that time and resources are rather limited for busy board members, most of whom are volunteers committed to their communities. If you’re not already working with an HOA management company, you may find that you have more time to think about …
Responsibilities HOA Boards Should Delegate to a Management Company Read More »
When your HOA board decides that self-management is no longer sustainable, you’ll need to understand the different types of management services that are available to you. The needs of a small, 10-home association are far different from those of a 3,000-unit condominium complex. Maybe you’re hoping to delegate just about everything to a property management …
Differences Between Full Service and Remote HOA Management Read More »
Any financially healthy HOA in California has an operating fund as well as a reserve fund. How do these pools of money differ, and why is it important to have a strong reserve? Your HOA reserve funds should be used to pay for specific types of expenses over the long term. When you have enough …
