Monthly Archives: February 2012
Accounting Basics From the Pros
Learn about the basic accounting principles used by Homeowner Associations and non-profit corporations. Cash versus Accrual methods, Reserve funding, etc. Cash Method of Account -income and expenses are only recorded when cash changes hands. Financial reports only reflect cash … Continue reading
Natural Disasters: How Community Associations Protect Themselves
The U.S. Citizen’s Corp, a FEMA program, has stated that, “Following a major disaster, first responders who provide fire and medical services will not be able to meet the demand for . . . emergency services they have come to … Continue reading
Minutes of an HOA Meeting
How should you take minutes for a meeting? What is required? Who is responsible? What are the laws? How can we find a common sense approach to Board Meeting minutes? Here are some helpful facts and information to guide … Continue reading
Pet Policies: How Community Associations Maintain Peace and Harmony
Pets has been described by reviewers as “a blueprint for how to deal with one of the most troublesome issues.” It offers practical suggestions, helpful alternatives, and information on societal issues that impact your association’s approach to pets. Learn how … Continue reading
Payments and Collection Policy (sample resolution)
Your HOA should establish a payment policy to be fair to all members in when payments are due, what the charges are if you pay late, describe when an attorney will get involved and what happens next. Collection Policy … Continue reading
Property Taxes and Homeowner Associations
Learn more about Property Taxes If your association holds title to common areas and facilities there’s a possibility they may be taxed twice. You may be surprised to learn that small mistakes in the original subdivision process can go unnoticed … Continue reading
Rental Restrictions (sample resolution)
Read this article to determine if your community should consider imposing restrictions on renting homes in your community. Get a sample Board of Directors Resolution to deal with rental properties. Community Associations help retain and improve the standard of … Continue reading
Reserve Funds: How and Why Community Associations Invest Assets
A Guide for Association Practitioners The USA Patriot Act has changed the financial industry and had an impact on community associations’ investments. This updated GAP explains what associations need to know to comply with new regulations. The revised text also … Continue reading
Rules – Things to Consider (sample policy statements)
Here are a few suggestions regarding the creation of rules and a fine policy for your homeowners association. The Association reserves the right to make and enforce such other reasonable rules and regulations as in its judgment may be … Continue reading
Posted in HOA Leadership, HOA Members, property management
Tagged HOA, HOA Policies, HOA Rules, Home Owners Association
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Risk Management: How Community Associations Protect Themselves
Manage risk by using a five-step decision-making process and implement a risk-management program by engaging in four key activities. Find out when and to whom it’s appropriate to delegate risk-management tasks. Learn why insurance alone isn’t enough to control risk. … Continue reading
