Posts by Jesse Hitt
Everything You Need to Know About HOA Accounting
Volunteering for your HOA is more than going to meetings, approving requests, enforcing violations, and planning events. It’s also about being responsible for the organization’s money. As an HOA volunteer, you’re entrusted with fiduciary duties. You and your fellow board members must ensure the HOA uses its funds wisely, and you have to keep track…
Read MoreMultigenerational Households: A Growing Trend in Self-managed HOAs
Key Takeaways: Neighborhoods governed by homeowners associations aren’t only for single individuals, couples, or retirees. It’s becoming more common for large families to reside in self-managed HOA communities, A gradual lifestyle shift has occurred in American households over the last several decades. From 1971 to 2021, the number of individuals living in multigenerational homes quadrupled…
Read MoreNextGen Homebuyers: Very Demure, Very Mindful
As you embark on the exciting journey of purchasing your first home, you’re joining a growing number of next-generation homebuyers stepping into the real estate market earlier than ever. Whether you’re driven by a desire for financial independence or simply looking to plant roots in a community that reflects your values, your approach to homeownership…
Read MoreBeyond Living Next Door—Building Real Connections in an HOA
An HOA is a unique setting. Even though residents live in the same community, they might not feel connected. If they don’t know what’s happening in the neighborhood, like which events are being planned, they’ll feel like the HOA is just somewhere they live and not an association to which they belong. Unlike typical neighborhoods,…
Read MoreSoftware Your Self-managed Condo Association Can’t Ignore
Key Takeaways: What’s In It For Me? The Benefits of HOA Software for a Self-managed Condo Association Living in a condo community is a unique experience. It’s a place to call home and so much more. Condos allow residents to connect, share experiences, and build a peaceful, communal environment. However, it’s up to the condo…
Read MoreRetiring Soon? Condo Management May Be in Your Future
Key Takeaways: From House to High-Rise: Exploring the Appeal of Condo Life for Retirees Americans are reaching the retirement age in record numbers. It’s the crest of the silver tsunami—the wave of baby boomers turning 65 and either retiring or staying in the workforce. Those choosing retirement are also making major lifestyle changes. They’re relocating…
Read MoreCondo Management Comes Easy with PayHOA
Condo associations can choose to hire a property management company or to self-manage. Property management companies bring experience, handle day-to-day tasks, assist with compliance, and often have established systems for managing maintenance, accounting, and vendors. This makes them a reliable choice for condo associations seeking additional support. Self-managed condo associations are on the rise. This…
Read MoreSimplify Your HOA Finances, Simplify Your Life
Key Takeaways: Remember how your mom always told you not to bite off more than you could chew? (This comment was likely paired with a reminder to keep your elbows off the table.) If you’re a volunteer helping run your HOA finances, you might occasionally hear the echo of Mom’s voice in your mind, whispering,…
Read MoreWhat to Expect When Your HOA Hires a Bookkeeping Service
Key Takeaways: Homeowners associations are like businesses in that they must maintain accurate, up-to-date financial records. When this responsibility falls on board members or volunteers, it often leads to stress and uncertainty. Most people get involved with their HOAs to help residents, not perform financial admin. That’s why many communities hire a professional HOA bookkeeping…
Read MoreHow Self Managed HOA Software Makes HOA Elections Simple
Key Takeaways: HOA elections are a critical part of any homeowners association, especially in self managed HOA communities. Elections allow new people with fresh ideas and energy to step into leadership roles, keeping the community moving forward in exciting directions. But organizing elections can be a daunting task for HOA board members if you don’t…
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