Accounting Basics for HOAs
An HOA’s board of directors is ultimately responsible for managing the association’s finances. So, it is wise for board members to be familiar with the various methods of accounting, financial documents, and budgeting techniques HOAs use. Here, we’ll provide a brief overview of these HOA accounting basics. Identifying Methods of Accounting To understand how the
How to Become a Great Community Leader
Serving your community is a fulfilling role, and one that not all are willing to tackle. Whether you’re a seasoned board member or you’ve just taken the leap and decided to serve on the board of directors for your HOA, we know taking on a leadership role in the community can feel daunting. To help
What is an HOA?
Did you recently move to a new community and are experiencing the operations of an HOA (homeowners association) for the first time? Understanding what an HOA is and how it works is important information for you to know. But not only that! Recognize and learn how an HOA can work for you in your community.
Installing Video Cameras in HOAs
Video cameras can be useful in deterring crime and providing evidence after a crime has been committed, but before installing them, an HOA should consider the possible risks and ramifications of installing cameras in an HOA. Below, we’ll cover how reviewing privacy laws, camera policies, and third-party vendors can help the board confidently decide if
As an HOA Board Member, You Can Be Sued
Some have the notion that because HOA board members are volunteers, they are free from liability for their actions while serving as a board member. The best practice is to avoid lawsuits altogether, which will be covered in another article. Fortunately, lawsuits against board members are unsuccessful in most cases, but it’s still important to
A Guide to HOA Budget, Accounting, and Finance
Understanding how to interpret your HOA management company’s financials are an important part of your role in an HOA. The management company you’re working with keeps detailed financial records and HOA members ability to read and understand them will be key in maintaining community funds. This skillset is even more important if you are a
Creating a Sense of Community in your HOA
Do homeowners in your area recognize and value the sense of community that living in a neighborhood with an HOA provides? Many residents lack the sense of community and may even feel isolated. As the HOA board and, if applicable, their management company work together, homeowners can identify the value of a community association, as
Boardline Academy Now Offering Training for HOA Board Members
San Antonio, Texas - Boardline Academy, a company with years of experience training property management professionals, has recently released content specific to homeowners association boards. HOA board members are volunteers who give hours of their time to serve their communities. They must navigate state statutes, community governing documents, and local laws to complete work necessary
Training Board Members How To Manage HOA Politics
Like it or not, there are politics surrounding the operations of being an HOA board member. In addition to the time and effort it requires to participate in the role, there are additional aspects that are important. Sometimes, this can even lead a person to resign from their board seat or other board and community
Your HOA Guide to Managing Vendor Contacts
Being a member of your HOA board means that you are taking an active role in making sure your community runs well. Some of your responsibilities include general property upkeep issues, such as pool service arrangements, lawn maintenance, gate operations, and other various projects. Association projects typically require the approval of HOA board members, and