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...
by Josh Hurst | Jun 22, 2017 | HOA Accounting and Financials, Kuester Blog
Part of living in an HOA community is paying the fees that go along with it. These costs are something that homeowners should consider when buying a home to ensure that they budget accordingly. Finding the HOA community with the lowest fees is not always the best...
by Josh Hurst | Mar 9, 2017 | HOA Accounting and Financials, HOA Management, Kuester Blog
Joining the HOA Board can be exciting, but also a little bit daunting. After all, an HOA is a real business with a real budget, and its decisions impact all the homeowners within the community. Your work matters, and there isn’t always a lot of time to ease into your...
by Josh Hurst | Jan 13, 2017 | HOA Accounting and Financials, HOA Management, Kuester Blog
Proper funding is essential for the operation and upkeep of any HOA community. While dues can be a dreaded subject, ensuring that members are paying enough to cover everyday functions as well as major projects and repairs is critical. When fees are not adjusted...
by Josh Hurst | Aug 11, 2016 | HOA Accounting and Financials, HOA Management, Kuester Blog
Do a quick Google search, and you’re sure to find plenty of complaints about homeowners associations. However, the stories that pop up only represent a small fraction of those who live in HOA communities. There are thousands of people living in HOAs who love where...
