Community Association News

HOA Accounting and Management Articles and Advice

Featured Articles

Recent Articles

What Is The HOA Reserve Funds FDIC Limit?

What Is The HOA Reserve Funds FDIC Limit?

Homeowners associations would do well to stay within the reserve funds FDIC limit. Doing so can help the community protect their funds and remain financially healthy. But, what exactly is this limit and is it truly important? Let’s find out.   What Is the FDIC? The Federal Deposit Insurance Corporation (FDIC) is an independent agency…

Read more
corporate transparency act

What Is The Corporate Transparency Act? Does It Apply To HOAs?

The Corporate Transparency Act is a relatively new law that has just taken effect. It has major implications for corporations across the country. Does it apply to community associations? Moreover, does it matter whether they are incorporated or unincorporated? Let’s find out.   The Corporate Transparency Act Explained In 2021, Congress passed the Corporate Transparency…

Read more
buggiest state in the U.S.

What’s the Buggiest State In The U.S.?

Knowledge of the buggiest state in the U.S. is crucial in pest control, particularly for homeowners associations. This information is pivotal for shaping effective pest control strategies and addressing specific bug problems within communities. Which states have it the worst? And what kind of pests are the most undesirable among Americans?   What Is the…

Read more
hoa saves money

10 Realistic Ways An HOA Saves Money

Typically, an HOA saves money by cutting back on all expenses, but this is not always practical. It is essential to look at the HOA’s budget, identify items where the association is overspending, and adopt strategies to ensure financial health. Saving money is essential in current times when inflation and costs seem to be rapidly…

Read more
hoa fines

HOA Fines: What Are You Paying For And Should You?

Homeowners will often face HOA fines when they violate the community’s rules, but are these fines necessary? What are they for, and should homeowners pay them? In this article, we break down everything you need to know about these monetary penalties.   What Are HOA Fines? Homeowners associations typically collect HOA fees to pay for…

Read more
hoa fees increase in 2024

Buckle Up: Possible Huge HOA Fees Increase In 2024

As the new year rolls around, one thing is on everyone’s mind: Will HOA fees increase in 2024? Homeowners are likely gearing up for what’s ahead, planning their finances, and drawing a budget, especially after spending a lot over the holiday season. Similarly, HOA boards are set to prepare an annual budget for their associations, but…

Read more
hoa demand fee

What Is A HOA Demand Fee? How Does This Affect Selling A Home?

Selling your home can be long and arduous, especially if you belong to a homeowners association. There are several things you must consider, including the HOA demand fee. This fee is vital in any real estate transaction involving an HOA community. Homeowners should familiarize themselves with this fee and what it entails for a smooth…

Read more

Get Started With a Free Community Assessment