Blog Articles
Self 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…
Read MoreMaking Your Self Managed HOA Appealing to Home Buyers
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…
Read MoreSelf Managing Your HOA Isn’t as Risky as You Think
Key Takeaways You may already be aware of countless worthwhile benefits to self managing your HOA. Still, it can seem like a time-consuming, intimidating venture that may not be worth the hassle. If you’re considering HOA self management, there are many factors to consider before taking the plunge. You and your board member cohort will…
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 MoreFinancial Reporting with HOA Accounting Software
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…
Read MoreSelf Managed Condo Association Software or Third Party Management Company?
Hiring a dedicated third party management company to oversee the tedium for a condo association has been a longstanding and common practice. However, with a variety of productivity tools and specialized software available, self management has become an even more attractive and achievable option for many condo associations looking to take control of their operation.…
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