Understanding how to properly manage reserve funds is crucial for HOA boards, particularly when considering loans for major projects or determining what components to include in reserve studies. This guide explores key considerations for reserve fund management and their tax implications.
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Recent Posts by Mike Wall
The Top 5 Benefits of Hiring a Professional HOA Management Company
Homeowners' Associations (HOAs) play a crucial role in maintaining and managing communities, ensuring their well-being and preserving property values. While some HOAs may consider self-management, hiring a professional HOA management company offers numerous advantages. In this blog post, we will explore the top five benefits of enlisting the services of a...
How to Maximize Your HOA Budget
Maintaining a well-managed budget is crucial for the success and stability of a homeowners' association (HOA). By maximizing the HOA budget, communities can effectively allocate resources, improve financial sustainability, and enhance the overall quality of life for residents. In this blog post, we will explore key strategies to help HOAs optimize their budgets...
How to Boost Property Values in Your HOA Community
Living in a well-maintained and thriving homeowners' association (HOA) community offers numerous benefits, with one key advantage being the potential increase in property values. In this blog post, we will explore various strategies that can help boost property values in your HOA community. From enhancing curb appeal to promoting community engagement, enforcing community...
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