5 Tips for New HOA Board Members
Compliments to you for your new role as an HOA board member! Give yourself a pat on the back for your new position. Being an HOA board member comes with a lot of different responsibilities and requires you to wear a lot of different hats. To help you get started on your new role, Atlantic […]
Have You Started Your 2021 HOA Budget? Here Are Three Steps to Start Your Planning
The end of the year is approaching fast, which means it is time to start your 2021 HOA budget. You should start your HOA budget process now to give your HOA enough time to create an effective budget for next years. There are some essential items, documents, and steps to take to prepare for next […]
Reviewing Vendor Contracts for Your HOA in Current Times
Have you recently reviewed your vendor contracts? Revisiting vendor contracts can be very important, especially in ever changing times. There are key items you want to look for such as liabilities, how to reduce the risk of litigations, and most importantly, making sure the needs of your community are being met. With the rules and […]
Best Practices to Managing Your Vendor Agreements
We have passed the halfway point of the year, and your midyear budget review is complete. While reviewing your budget you may have noticed some expenses paid to vendors, or realized you need to hire vendors for community projects like maintenance, road and sidewalk repairs, landscaping, and more. Now is a great time to review, […]
How to Start Preparing Your Reserve Study
What is a reserve study? A reserve study outlines a stable, equitable, and proactive Annual Funding Plan to offset your community’s long- term and often costly expenditures. A study made of all the major capital systems in the association, it evaluates how much life they have left and how much they’re likely to cost when […]
TIPS FOR RECRUTING HOA BOARD MEMBERS
One of the best ways to enhance your community and make it the best that it can be is to volunteer as a member of the HOA board. Becoming a board member can take up a lot of valuable time, but it is worth the investment. Finding people willing to volunteer is challenging, especially when […]
Helpful Steps Creating Your HOA Budget
Prepare a Business Plan What do the board and residents want to accomplish, as a whole? Adding Amenities (e.g. playground or security gate) can be costly, or a luxury. Residents may instead want a budget that enhances the current property at this time Develop processes & Assign Tasks The goal and objective of the […]
Annual HOA Budget
Setting an annual budget is a crucial part of the Homeowners Association. The members on the board are in charge reviewing costs, gathering data and projecting expenses for the coming year. Communities, businesses, individuals, families, and organizations of all kinds must have a budget in place in order to navigate both everyday expenses and unexpected […]
2020 – New Year’s Resolutions for HOA Boards
As 2020 approaches, it’s tradition for many to begin thinking about New Year’s resolutions. Beyond one’s personal resolutions, this is a perfect time to commit to making changes and improving the operations of HOA Boards. Here are some tips that can help HOA Boards build stronger communities: 1 . Re-read Your Community’s Governing Documents […]
Top 3 Tips For Running Successful HOA Board Meetings
When preparing HOA board meetings, it can be hard enough getting everyone together at routine times. One of the best ways to ensure success is by focusing on organization and preparation beforehand. Here are some of the top three tips for planning for an efficient open meeting in your Homeowners’ Association. 1.Have an Agenda […]