by Josh Hurst | Apr 13, 2018 | HOA Accounting and Financials, HOA Management, Kuester Blog
It’s recommended that HOA communities have regular reserve studies—but what happens once your study is complete and the final report is generated? Frankly, it can be daunting to sit down with this imposing document, especially if you don’t have a background in...
by Josh Hurst | Mar 29, 2018 | HOA Accounting and Financials, HOA Management, Kuester Blog
One of the biggest concerns many homeowners have when moving into an HOA community is what the cost of dues are. This can vary greatly from one association to the next depending on the number of homes, types of services provided, amenities available, and more. While...
by Josh Hurst | Feb 1, 2018 | HOA Accounting and Financials, HOA Management, Kuester Blog
As an HOA Board member, you have legal, fiduciary responsibilities to your Association. You’re one of its main overseers, and it falls to you to shield your HOA community from any undue risk. Even so, there are some significant ways in which the actions of the Board...
by Josh Hurst | Sep 28, 2017 | HOA Accounting and Financials, HOA Management, Kuester Blog
One of the most uncomfortable decisions an HOA Board makes is the decision to raise fees. Hopefully, this is something you can avoid—but sometimes, your Association’s financial state might demand it. And when that happens, it’s wise to anticipate some of the common...
by Josh Hurst | Aug 31, 2017 | HOA Accounting and Financials, HOA Management, Kuester Blog
HOAs have two major accounts: the operating fund and the reserve fund. The operating fund – as its name states – is used for keeping up with day-to-day expenses and maintenance of the association’s assets. This is where the most transactions take place. The reserve...
by Josh Hurst | Aug 9, 2017 | HOA Accounting and Financials, HOA Management, Kuester Blog
Many HOA community leaders are unclear on the merits of professional management; after all, can’t their community be self-managed? The short answer is yes. It is absolutely possible to self-manage your HOA. Doing so invites several significant risks, however—and...
