HOAs have two major accounts: the operating fund and the reserve fund. The operating fund – as its name states – is used for keeping
Being part of a homeowners association means agreeing to pay annual dues. These dues cover day-to-day operational expenses, but a portion is also set aside
Despite the coronavirus pandemic, houses are still flying off the market with demand often exceeding supply. That’s good news for sellers. But even so, buyers
The board plays an integral role in managing the HOA, and it can take time for everyone to work together effectively. But a solid board
Running an effective homeowners association is a huge undertaking. The board has many responsibilities to uphold and rules to follow. In addition, it must ensure
In many states and counties, there are still restrictions in place when it comes to large gatherings of people due to higher than desired rates
Running an effective homeowners association takes a lot of work. HOA boards are made up of volunteers who often have other responsibilities outside of their
The summer heat has come in full force in the Carolinas with temperatures consistently hitting the ‘90s and heat indices making it feel even warmer.
One of the trickiest – and most hotly contested – parts of running an effective HOA is managing finances. This includes determining HOA fees which
Every HOA is run by a series of governing documents that outline rules and regulations for the community. However, the specifics will vary between associations.
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