Politicians talk about it, regulators embrace it, and associations are affected by it. No matter whether you believe that climate change is manmade or not, reducing energy use and going “green” is good for both the environment and the budget of associations. It is also a trending topic in communities everywhere. Read More...
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Monthly fees are your HOA’s main source of income. When they go unpaid, it can turn into a monumental financial problem, not to mention a pain in the neck for you. So how can you motivate homeowners to pay their fees -- and do it on time? Read More...
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Start with amenities that can bring in the most money to the association for the lowest up front cost. This way, the first added amenity can pay for the next one; and so on. Adding advertising in the form of signs or billboards can be revenue generators, but are not allowed in many residential areas. However, ATM machines bring in revenue, can be thought of as an amenity by some, and do not take up a lot of room. Read More...
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HOA Managers and Board Members are constantly struggling with increasing costs, which they have to pass on to HOA members. For this exercise, the reason why costs are increasing isn't that relevant. The important point to remember when it comes to increases is that they usually increase, on average, at a rate greater than inflation. Read More...
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