Detecting and preventing HOA fraud in your community

Every association board is primarily responsible for preserving, protecting, and maintaining the association's assets. That requires careful financial management, which is where your board treasurer comes in.

When a property transitions from developer control, it typically means that the developer, who initially owned and managed the property, is transferring ownership or control of the property to another entity, such as a homeowners association (HOA), property management company, or individual property owners. The specific process and outcomes of this transition can vary depending on the type of property, its purpose, and the governing documents in place.

Becoming a board member is a great way to engage with your neighbors and create positive changes in your community. But sometimes, new volunteers have little to no experience and must learn the community's rules, the board’s responsibilities and the demands of their roles as they go

Homeowner's associations (HOAs) have many responsibilities that can be difficult to keep up with. One of the main ones is selecting community association insurance. HOA’s should carefully consider the type and extent of coverage they purchase from an insurance provider. The right policy can help protect your investment while minimizing risk.

Creating and executing a comprehensive building maintenance plan for your high-rise community should be a top priority for your board and property management company.

Owning a home in a community association carries both advantages and obligations. Many individuals find a reassuring sense of structure and harmony in residing within a neighborhood overseen by a Homeowners Association (HOA). However, this structured way of life typically entails a collection of guidelines and regulations known as the HOA bylaws.

Homeowners' associations (HOAs) play a crucial role in maintaining and enhancing the quality of life within a community. One of the pivotal positions within an HOA is that of a board member. Serving on an HOA board comes with responsibilities, challenges, and opportunities to make a positive impact in the community.

Owning a home within a homeowner's association (HOA) comes with the advantage of having a supportive association that takes care of maintaining common areas and promoting a sense of order within the community.

When it comes to residential living in luxury communities, homeowners are looking for properties to push the envelope regarding innovation, luxury, and convenience. This is evident in metropolitan high-rise properties catering to an affluent demographic through unique amenities and elevated service offerings.

When a property manager presents you with their business card, you might have observed a series of acronyms following their name. These abbreviations, such as CAM, PCAM, CMCA, and others, represent property manager certifications obtained, indicating their level of education and expertise in the field.

Learning from other board members’ experiences is a great way to avoid making some of the more common mistakes. Here, we discuss four of the common mistakes that board members make and offer recommendations for handling the issues differently.

A master homeowners association is an entity that governs a community comprised of multiple sub-associations, such as condominiums, townhomes, or gated communities.