In a perfect world, homeowners would live up to their obligations and pay HOA dues on time and in full every month. Unfortunately, this utopia does not exist and homeowners may find themselves in delinquency for any number of reasons, from job loss to poor personal finance management. In most cases, resolving delinquencies is just a matter of negotiation, and with open dialogue the matter...
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As a member of an HOA board, you’ll generally be tasked with working with a management company (unless your community relies on the board to manage independently). Together you’re responsible for meeting federal and state laws, upholding the Covenants, Conditions, and Restrictions (CC&Rs) of your community, maintaining common areas, collecting fees, and making decisions in the interest of the community and all of its homeowners....
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According to the U.S. Census Bureau, annual homeowner’s association fees for condos average out to about $2,400, while owners of single-family homes in HOA communities can pay more than twice that amount. While many homeowners are aware of these costs when they move into an area with an HOA, others don’t seem prepared to pay the piper. This could leave HOAs looking for ways to...
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Whether you are in San Francisco, San Diego, or anywhere in between, you are sure to find a neighborhood that you absolutely love. So, what is it about these areas that are so desirable? Often, it is the presence of a safe, clean, and fun environment where anyone from large families to singles can enjoy living. If you are one of the lucky people who...
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Maintaining a condominium complex or neighborhood is no small feat—there are landscapes to be preened, repairs to be made, beautification projects to be undergone, and more. To perform these tasks, your homeowners association (HOA) will need to hire contractors, skilled professionals who can keep your community clean, safe, and inviting. As their title implies, contractors work based on contracts, key documents that outline what they’ll...
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Running a homeowner’s association is a bit like a juggling act—you have to keep your residents happy, come to decisions as a board, and budget for common expenditures like maintenance, pest control, insurance, and more. Unfortunately, as with any aspect of life, unforeseen circumstances can get in the way of your HOA. In these cases, your association might need extra money to cover the damage...
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