There are many reasons to transition to a self managed HOA. Your third-party management company may not be meeting your association’s needs. They may be a bad fit for your community. Or maybe you’ve weighed the cost versus benefit of paying tens of thousands of dollars in unit fees and other expenses your property manager …
Fostering a sense of community is an important yet often overlooked responsibility of an HOA. Maintaining an updated and informative website and distributing a regular newsletter are two simple ways HOAs can promote this camaraderie. HOA accounting software with website and print mailing capabilities supports these endeavors in addition to facilitating more obvious tasks like …
Making the Most of Your Newsletter and HOA Website Read More »
As an association board member, HOA management experience can make you an asset to your self managed community. An effective manager can make all the difference in the association’s success. Once you gain experience, you may decide you want to expand into managing multiple HOAs. HOA management software can help you manage multiple communities, by …
Your HOA’s annual audit provides valuable information to assess and improve the financial health and longevity of your organization. HOA accounting software maintains a thorough record of your HOA’s finances, providing you with a clear portrait of its financial past and projections for its future. Some states require an annual audit for HOAs (for example, …
3 Ways HOA Accounting Software Can Help Prepare for an Audit Read More »
QuickBooks is a giant among bookkeeping solutions and HOAs often buy a subscription because of its universality. However, many HOAs find that using this software as their system of financial record isn’t sufficient for the routine business required of HOA management. An HOA must not only bill its homeowners for dues, but manage communications, violations, …
3 Tips for Switching from QuickBooks to Homeowners Association Software Read More »
If you already have experience accounting or bookkeeping, you may feel completely prepared to volunteer as your HOA’s treasurer. As you learn the role, however, you may find that not all accounting is created equal. The right HOA accounting software can help with the steep learning curve of managing your HOA’s finances. Managing the finances …
Managing a homeowners association requires strong communication skills, a solid understanding of community management best practices, and the right technological resources. However, to foster a sense of community, your homeowners association also needs a bit of fun. Community fundraisers are an opportunity to bring your homeowners association’s members together to socialize and raise funds for …
5 Fun and Easy Community Fundraisers for All Year-Round Read More »
If you think you are paying your property management company too much and not getting enough in return, a self managed HOA may be the right option for you. While many think paying a third-party management company to run your HOA will leave your days worry-free, often the HOA finds itself doing just as much …
Can Software Replace Your HOA Management Company? Read More »
For self managed HOAs, the power to bring new home buyers into the community is in your hands. With a younger demographic of tech-savvy Millennials interested in buying homes in the suburbs, how you attract new homeowners is more important than ever. After all, this newer generation of buyers is doing their real estate research …
Making Your Self Managed HOA Appealing to Home Buyers Read More »
After your organization has set up its HOA accounting software and created a budget, the next step to a well-run, streamlined operation is to create financial reports. While a budget is a set of goals for your HOA, reports help your organization stay on track to meet those goals. Even if you don’t have an …
Financial Reporting with HOA Accounting Software Read More »