Required Training for Community Association Board Members

Several states have already passed laws regulating the licensing of association managers and other states have been considering legislation. Now, one county Maryland is taking things a step further. Effective January 1, 2016, Montgomery County is requiring that board members receive training and certification. All residential common ownership communities, including homeowners’ associations, condominiums, and cooperatives…

In Depth Look At HOA Accounting

In-Depth Look at HOA Accounting When you’re on the Board of Directors for your homeowners association and you’re involved in HOA accounting, you carry a big financial obligation on your shoulders. If you’re not prepared for the job, the financial reports and records you’ll have to go through, many of which will be inaccurate, can…