Managing a homeowners association requires access to reliable HOA board resources that support effective governance and decision-making. Community Financials aims to provide board members with the tools, knowledge, and best practices needed to lead their communities successfully. From comprehensive training guides and governance tips to advice on managing board meetings and understanding legal obligations, you’ll find everything you need to navigate your role with confidence.
Explore articles that cover essential topics like conflict resolution, policy development, and board member responsibilities. Whether you are new to the board or a seasoned leader, these resources are designed to enhance your skills and support your efforts in building a well-managed and cohesive community. Whether you’re looking for ways to improve board efficiency or ensure compliance with financial HOA regulations, Community Financials here to support you every step of the way.
Community association boards and property managers understand how crucial it is to set fair and sustainable condominium assessments. However, knowing whether your assessments align with the market or need adjustment can be challenging. Thankfully, the Foundation for Community Association Research has developed an invaluable tool to assist you in comparing your condo dues to those…
At Community Financials, we occasionally investigate services that may benefit community boards and property managers, helping them operate their communities more efficiently. One noteworthy solution is Wayleadr Home, which simplifies parking management for any property including HOA and condo communities. Optimize Your Parking Allocation Wayleadr Home’s standout feature is its ability to create a customized…
In the fast-paced world of Homeowners Associations (HOAs) and condominium operations, consistency and reliability in accounting are essential. Interruptions can arise from various factors, including staff illnesses, vacations, or unexpected natural disasters. Implementing strategic measures is crucial to protect your accounting processes and ensure smooth operations. The Danger of Limited Staffing One significant pitfall many…
Communication with delinquent homeowners in a homeowners association (HOA) or condominium association is crucial for maintaining financial stability and ensuring community upkeep. Navigating this process requires sensitivity and strict adherence to legal guidelines. Here, we will explore common mistakes to avoid when contacting delinquent owners, emphasizing the importance of compliance with regulations and fostering positive…
We’re thrilled to announce a special upcoming event you won’t want to miss. Tune in live on July 8th at 3pm PT for an engaging episode of the HOA Insights Podcast, a podcast focused on educating HOA and Condo Board members. As part of Community Financials’ core values of We Listen, We Solve Problems, and…
Looking to learn more about being a Board Member at your community? Podcasts are a great way to learn about topics. I recently was a guest on a podcast for HOA & Condo Board Members on detecting and preventing fraud. The Podcast is called HOA Insights: Common Senese for Common Areas and the host of…
When talking with Boards looking to make a change in how they operate their community I am often asked questions related to changes that will occur. The most frequently asked questions are do we need to change our software or bank and why? Homeowners Associations (HOAs) and Condominiums may need to change systems, including accounting…
We want to share an awesome resource to figure out the collection laws for HOAs and Condos in all 50 states. Our friends at Axela have a digest of all the requirements since regulations governing Homeowner Associations and Condominium Communities vary greatly from state to state. From Axela: “Debt collection done wrong is a very…
Preparing for a year-end audit for a homeowners association involves careful organization, documentation, and attention to detail. Here are some steps you can follow to ensure a smooth audit process: Step 1 Organize Financial Records Gather all financial records for the year, including receipts, invoices, bank statements, and ledgers. Ensure all transactions are accurately recorded…
Russell Munz, Founder
Certified Manager of Community Associations (CMCA)
Expert Financial Oversight
Experience the difference with our professional financial services designed specifically for HOAs and condo associations. Simplify your finances with our expert support.
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