Blog Articles
3 Tips for Switching from QuickBooks to Homeowners Association Software
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,…
Read MorePutting Off the Transition to HOA Accounting Software? Here’s How It’s Costing You
Many self managed associations agree: HOA accounting software costs less than hiring a third-party property manager and makes community management easier. Yet some HOA treasurers may still hesitate to make the transition. You may be looking at the cost-benefit of integrating a whole new management software system and wonder if it’s just too much work.…
Read More8 Things Your Self Managed HOA Board Should Review Every Year
Self managed HOAs and the volunteers who run them have a lot on their plate. Between pursuing new projects, keeping up with collections, and building reserves, it can be difficult for HOAs to raise their nose from the grindstone and re-evaluate key documents and contracts that may cause bigger issues down the road. Self managed…
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 More5 Digital Registration Tips for Smoother Event Organization
Barbecues, birthday parties, fundraisers — community events are a bonding experience that bring the members of your homeowners association together. Whether your event is large or small for the sake of saving money, you’ll need a structured process for staying organized and keeping track of your event’s attendees. Online and digital registration technology has come…
Read MoreSelf Managed HOA Accounting Fundamentals
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…
Read More5 Fun and Easy Community Fundraisers for All Year-Round
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…
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 MoreCan Software Help You Self Manage Your HOA Community?
Key Takeaways Looking for homeowner association management help? Is self-management software or a property management company best for your HOA? While many think paying a third-party manager to run your HOA will leave your days worry-free, the elected board members are ultimately any management company’s bosses. As such, they must faithfully review their work to…
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