New rules from FNMA went into effect this month. Is your community prepared to handle the new HOA reserve contribution requirements, or deal with the fallout they may bring?
Legal Matters Association Budgets
Insight and Guidance on Condo & HOA Collections and more for the community association industry
When assessments go unpaid, the immediate impact is obvious: less money coming into the association. But the slow burn side effects are declining HOA property values and community discontent.
Best Practices As the first half of the year comes to an end, HOAs should be closely assessing expenses and budgets. Evaluating the AR aging report and community delinquency trends now can help HOAs prepare for the ...
Best Practices, _Featured Posts The FNMA blacklist: real or myth? How about just the truth: condo communities have a lot of hoops to jump through if owners want to sell.
Financial Management, Community Associations Can an unpaid utility bill send you to foreclosure? If your condo submeter water costs are distinguished as part of your monthly assessments, the answer might be tricky.
Association Governance, Association Management Companies Special assessments should be exactly that–special. But many boards make the mistake of relying on them for standard funding. Here’s why that’s a problem.
Association Governance
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