Blog Articles
Staying On Top of Tasks With Homeowners Association Software
For self managed HOAs, the paperwork you handle day in and day out plays a critical role in running an organized and efficient association. Yet, an accurate paper trail does more than just keep the management wheels spinning. Documentation of everything from finances to insurance coverage, to governing documents and more keeps an HOA compliant…
Read MoreTax Tips for HOA Community Management
Tax season happens every year, yet as the due date approaches, it can completely catch your HOA board by surprise if they haven’t been anticipating it all year. Taxes are one of the most important aspects of HOA management. Some HOAs think since they aren’t operating for profit, they’re exempt from filing tax returns. This…
Read MoreConsultants Every Self-Managed HOA Needs
A self-managed HOA has many important responsibilities to contend with. Between managing finances, keeping up with community needs, and communicating with homeowners, a self-managed association will have their hands full. Yet self-management can be a rewarding and enriching experience with the right tools, such as HOA accounting software—and the right approach. It will also potentially…
Read MoreTips For Managing HOA Board Turnover
HOA community management for self-managed associations means dealing with the turnover of board members. Some level of turnover may be anticipated, as self-managed HOAs are run by volunteers balancing association and life responsibilities. Sometimes the unexpected happens and, for one reason or another, these volunteers must resign. While a third-party management company would handle their…
Read MoreThe 4 Biggest Advantages of Accounting Software for Homeowners Associations
As more HOAs consider self management, they may be overwhelmed by the perceived workload. Using outdated tools and methods contributes to this perception, as they create tedium that, by using the right software, can often be automated and streamlined. HOA accounting software allows organizations to manage all aspects of the community with a tool designed…
Read More4 Myths About Becoming a Self Managed HOA
A self managed HOA may seem daunting at first, especially for communities that have previously relied on property management companies. These companies often bring valuable expertise and can offer convenience and structure, making them a suitable option for many neighborhoods. However, for some HOAs, self-management can be a highly rewarding alternative. For those HOAs, self…
Read MoreCreating 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 MoreUsing HOA Management Software to Reconcile Bank Accounts
Overseeing the finances of your self managed HOA is one of the most time consuming and detail oriented responsibilities necessary to keep your organization afloat. Reconciling your HOA’s bank account comprises an important part of supervising the organization’s finances. Performing a regular bank reconciliation will benefit your HOA by checking the accuracy of its financial…
Read MoreShopping For HOA Accounting Software? 4 Things to Look For
Many associations have started to realize the benefits of self-management and are making the switch. Statistics show that in recent years, 30% to 40% of HOAs have made the transition to self-management. Self-managed HOAs often save tens of thousands of dollars per year on the cost of third-party management fees. Self-managing means volunteers will handle…
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…
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