Posts by Mike Bollinger
Creating a Maintenance Chart for Your HOA
Homeowners associations (HOAs) may spend a fair amount of time taking and completing maintenance requests. Maintenance is an essential part of HOA management, in terms of keeping a well-maintained community and providing value. It keeps current residents happy and helps preserve your neighborhood’s curb appeal for potential residents. Yet for self managed associations, HOA management…
Read MoreExcel vs. HOA Accounting Software to Manage Your HOA
If your association is considering the switch to using HOA accounting software, it’s important to compare this to other common HOA management tools. Generally, self managed HOAs who don’t use HOA software end up wasting time and energy switching between different outdated tools to accomplish different tasks. Whereas, HOA software lets you streamline a variety…
Read MoreClosing out 2021 Successfully: End of Year Tasks and Closing the Books
The holidays are a time for loved ones, not hunching over accounting ledgers like a Charles Dickens character. Yet good HOA community management practices include certain year-end accounting tasks, such as processing financial documents, reconciling accounts, and balancing your ledger. All of this is important and can impact your association’s finances in the new year…
Read MoreVolunteer-Friendly Accounting Software For Homeowners Associations
For self managed HOAs, tackling complex accounting tasks may at first seem daunting to a volunteer treasurer. Managing a community’s finances places a lot of power and responsibility in your hands. The good news is that as technology continues to evolve, software tools have grown more capable than ever at streamlining and automating even the…
Read MoreSticker Shock — What Property Management Companies Really Cost
Is your association considering the switch to a self managed HOA? Are you interested in HOA management software but hesitant to make the transition? For board members who have a familiar system in place and worry about the time and effort of taking on more community responsibilities, weighing the challenges and benefits of self management…
Read MoreSelf Management 101: 10 Questions Your Governing Documents Should Answer
Every successful homeowners association has one thing in common: how well they understand and follow their governing documents. For a self managed HOA, these documents play a critical role in the daily decisions made in managing a community. The main documents governing an HOA and its residents include: · Covenants, Conditions, &…
Read MoreTips from a Self Managed HOA Treasurer
Taking on the role of treasurer for your self managed HOA is a big responsibility. The financial fate of your HOA is at your fingertips. Want to learn from someone who has been there? Read on to find out about Cheryl Cox, an HOA Treasurer and PayHOA customer, and her journey learning a new HOA…
Read MoreBudget Better with HOA Management Accounting Software
HOA management accounting software can help improve digital collection rates, boost revenue, and provide analytical insights that lead to better financial decisions for communities. One major benefit of switching to HOA accounting software is that self-managed associations can forgo hiring a third-party property manager—with a potential savings of tens of thousands of dollars in unit…
Read MoreHOA Community Management Best Practices
Those who serve on homeowners association (HOA) boards do so because they want to give back to their community. Yet those who join their board also take on a high level of responsibility. After all, the decisions you make impact your entire neighborhood and can affect the overall value of your properties for years to…
Read MoreHere’s How HOA Accounting Software Can Increase Revenue
Those who’ve managed finances are familiar with the concept that time equals money. It has become a cliché in the business world, yet it proves that some clichés persist because they’re true. As any CEO will attest, ineffective time management and poor productivity inevitably lead to ballooning costs and lost revenue. On the other hand,…
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