How To Get Your HOA Budget Right
The HOA budget serves as an association’s financial guide for the year. Without it, association boards would have no way of anticipating expenses and calculating regular dues. That said, communities can’t just use the same annual budget over and over again. It requires careful planning and oversight. What is the HOA Budget? The homeowners association […]
Wildfire Preparedness Checklist For Texas HOAs
Wildfires are a growing threat across Texas, making a wildfire preparedness checklist crucial. With rising temperatures and dry conditions, HOAs must take precautions. A proactive plan can help protect homes, lives, and property values. The Importance of a Wildfire Preparedness Checklist Texas ranks among the top states for wildfire risk. Drought, high winds, and overgrown […]
A Breakdown Of The Texas Residential Property Owners Protection Act
The Texas Residential Property Owners Protection Act plays a major role in how homeowners associations operate across the state. It offers structure, rights, and safeguards to both homeowners and HOA boards. Understanding this Act helps all parties navigate their responsibilities and avoid disputes. What is the Texas Residential Property Owners Protection Act? The Texas Residential […]
Big Changes For Texas HOAs: What’s In SB 1588?
The Texas SB 1588 introduces significant changes to how HOAs operate across the state. It clarifies homeowner rights and updates association duties under the current Texas Property Code. Both homeowners and board members need to understand what these changes entail. What is Texas SB 1588? The Texas Senate Bill 1588 is a law that updates the powers […]
Vacant Lot In HOA: Mowing And Maintenance Responsibilities
If there is a vacant lot in the HOA, who is responsible for maintaining it? This is a question many homeowners and board members ask. Since no one is living on the lot, should the responsibility fall under the association? Who is Responsible for Maintaining a Vacant Lot in an HOA? Homeowners living in an […]
HOA Financial Statements: What Every HOA Has And Who Can Access Them?
The HOA financial statements are an essential part of responsible association management. Every homeowners association and condo board needs them to stay transparent and financially sound. These reports enable the board to monitor income, expenses, and the overall financial health. Understanding HOA Financial Statements Homeowners association financial statements are records that show how an HOA […]
Are You Legally Required To Do A Yearly HOA Audit?
An HOA audit is a useful tool that ensures the accuracy and completeness of an association’s financial statements. It essentially helps maintain the long-term financial health of the association. That said, many boards struggle with audits and their requirements. What is an HOA Audit? An HOA financial audit is an in-depth investigation of the association’s […]
Best Practices In HOA Collection Of Delinquent Accounts
HOA collections play a significant role in the operational and financial stability of a community. Board members are responsible for collecting dues from homeowners. When these dues go unpaid, it can result in severe consequences for the HOA, making collection strategies all the more important. The Importance of HOA Collection A homeowners association relies on […]
13 Ways To Celebrate 4th Of July In Your Community
Homeowners associations are always looking for ways to celebrate the 4th of July. These celebrations not only commemorate the meaning of freedom but also bring communities closer together. From budget-friendly options to more lavish events, there are plenty of opportunities for associations to plan. Event Ideas to Celebrate the 4th of July Independence Day is […]
Everything You Should Know About HOA Fines
When homeowners violate their community rules, they can face HOA fines. These fines, when left unpaid, can lead to a host of other potential consequences. Both homeowners and board members should understand how fines work to avoid incurring them and breaching legal limits, respectively. What are HOA Fines? In a common interest community, such as […]
