by Josh Hurst | May 30, 2019 | HOA Accounting and Financials, HOA Management, Homeowner Tips, Kuester Blog
One of the trickiest – and most hotly contested – parts of running an effective HOA is managing finances. This includes determining HOA fees which are what funds the association. Homeowners are often very opinionated about fees because these costs come directly out of...
by Josh Hurst | Feb 28, 2019 | HOA Accounting and Financials, HOA Management, Kuester Blog
There is a lot of work that goes into running an effective HOA, and this often involves calling upon a variety of vendors to tend to maintenance and repairs, landscaping, HVAC needs, remodeling, and more. While cost should be taken into consideration, there is a lot...
by Josh Hurst | Dec 20, 2018 | HOA Accounting and Financials, HOA Management, Homeowner Tips, Kuester Blog
Two very common reasons that homeowners associations (HOAs) seek out the services of a property management company are for rules enforcement and collections. A property manager can ensure that the expectations outlined in the HOA’s governing documents are upheld and...
by Josh Hurst | Nov 8, 2018 | HOA Accounting and Financials, HOA Management, Kuester Blog, Meetings
Keeping accurate meeting minutes isn’t optional, it’s a requirement. For any formal HOA meetings where quorum is achieved, minutes should be taken. In addition, these documents, once approved, must be retained indefinitely. They become part of the permanent records of...
by Josh Hurst | Oct 18, 2018 | HOA Accounting and Financials, HOA Management, Kuester Blog
The older a homeowners association is, the more files it accumulates. Storing all of these records can take up a lot of space and require careful organization. The board may wonder if it’s keeping too much and whether some of these files can be safely destroyed. The...
by Josh Hurst | Aug 30, 2018 | Community Governance, HOA Accounting and Financials, HOA Management, Kuester Blog
We like to believe that everyone is fair and honest, but unfortunately fraud and embezzlement can happen when individuals are in charge of or have access to large amounts of money. The HOA is no exception. Effectively managing financials is important for the future of...
