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Homeowners and Management Personnel Must Understand Their Association’s Finances Read More »
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A New Year Brings New HOA Budgets Read More »
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Understanding the Proper Use of Homeowners Association Reserve Funds Read More »
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7 Steps HOA Boards Can Take to Minimize the Risk of Fraud & Embezzlement Read More »
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HOAs Beware: Inadequate Reserves + Deferred Maintenance = Big Problems Read More »
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“Red Flags” that Signal Potential Reserve Account Problems Read More »
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14 Warning Signs that Signal Homeowners Association Reserve Problems Read More »
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An Overview of the HOA Reserve Study Process Read More »
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8 Steps HOA Boards Can Take to Minimize the Risk of Fraud & Embezzlement Read More »
Homeowners associations are required to maintain an appropriate level of HOA reserve funds in order to have sufficient funds available for the repair, restoration, replacement, maintenance of, or litigation involving the repair, restoration, replacement, maintenance of, major components that are part of the association’s common areas that the association is obligated to maintain. The officers and directors of associations that have control over the association’s funds frequently deal with issues concerning the use of reserve funds for other purposes such as the payment of unexpected legal fees for the defense of litigation that has been commenced against the association and/or its management personnel and which is not covered by insurance.
Reserve Account Expenditures Require Proper Procedures and Authorization Read More »
HOA member or manager duties and responsibilities can be overwhelming. At HOA Member Services, we provide the education, tools, and resources you need to simplify your HOA experience and help your community thrive.
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