Archive for May 2025
Where Does My HOA Fee Go?: HOA Software Brings Financial Transparency to Your Community
Key Takeaways: When homeowners pay their dues, they want to believe their HOA has their best interests at heart. When it comes to finances, people grow suspicious at the slightest lack of transparency. Even if the board manages HOA finances responsibly, trust breaks down when residents can’t easily see where their dues go. If your…
Read MoreLate Fees, Lost Checks, and Confusion: A Guide to Stress-Free HOA Payments
Key Takeaways: Homeowner’s association dues aren’t arbitrary expenses imposed on residents. They’re essential for the upkeep, maintenance, and quality of life in a community. This puts a lot of pressure on self-managed HOAs to collect dues on time, impose and enforce late fees, and make deposits—not an easy task for volunteers with limited time and…
Read More‘Why Can’t I Ever Reach My HOA?’
Key Takeaways: Not-So-Golden Silence Imagine at the monthly meeting of an HOA—let’s call it Hickoryhurst HOA, just for fun—the board approves a rule prohibiting trash cans being left curbside the night before pickup. At the same meeting, board members turn down the treasurer’s proposal to convert bookkeeping and communications from paper and email to self-managed…
Read MoreTop 10 Things to Avoid in HOA Financial Management
Key Takeaways: HOA Finances 101: Avoid These 10 Common Mistakes With some forethought and purposefulness, serving on your homeowners association board can be a positive experience, but the job does come with some definite fiduciary duties. Automating most of the tasks of HOA finances means more useful and accurate records, more convenient transactions and communications,…
Read More