Finance

August 5, 2019

What Associations Need to Know about Collecting on Delinquent Accounts

Uncollected assessments and other HOA fees are the source of concerns and questions from many board members. Federal and Texas statutes detail the conditions and procedures […]
January 14, 2019

Five Things Your HOA Accountant Should Be Doing in January!

Accruals, IRS forms, and more! Besides closing out the books for 2018, HOA accountants perform some other important tasks to keep your financials in good order […]
December 6, 2018

Before Considering an Association Loan, Know These Do’s and Don’ts

Coming out of the Great Recession, many HOA communities realized that they had deferred maintenance which required urgent attention. Some projects that had been viewed as […]
October 1, 2018

What Do Experts Say about Maintaining HOA Common Area Assets? {Video Series}

Board members understand the benefits and value of maintaining community assets.  They also know the negative impact deferring required maintenance can have on property values and […]
June 25, 2018

Why Accrual Accounting Is Preferred for HOAs

The following comparison of two commonly used financial reporting methods illustrates the benefits of accrual accounting. Cash Accounting Method If you have ever run a small […]
June 4, 2018

Using Your Reserve Study as a Guide to Asset Maintenance

Reserve studies are vital in ensuring that homeowners associations have the resources to maintain, protect, repair, and replace common assets not covered by homeowners’ obligations. Your […]
May 8, 2018

How to Select an HOA Management Company

When an HOA board chooses a management company, it enters into a relationship with a long-term partner that should provide invaluable guidance. The right management company […]
January 18, 2018

Don’t Let Short-Term Rentals Put Your Association in Legal Limbo!

Short-term rentals, or vacation rentals, vary in both type and duration, but are typically defined as the rental or lease of a furnished home, apartment, or […]

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