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.
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…
Looking to learn more about being a board member at your community? Or do you want to improve how your HOA or Condo operates? Good news there is a new podcast for HOA & Condo Board members. I love podcasts as a great way to learn something new or go deeper into a topic I…
Historic Increases in Email Volumes Eating Up Your Time? According to a survey done for over 7,000 communities, the volume of communication with property managers has increased by 40% in the past 24 months. If you extrapolate this, the data is showing that the HOA Boards are also experiencing an increased volume of communication. As a…
Poor Service is a Common HOA Issue Have you ever been disappointed with the quality or service of something you have paid for? You aren’t likely to spend your money on that item again. Whether it was poor quality or poor service that caused your disappointment really doesn’t matter. The same is true for your…
Is your HOA or Condo having a hard time finding replacement board members? No one wants to volunteer? Read this to see how to make it easier to attract homeowners to volunteer and find your next replacement.
Are you currently working with a management company but don’t want the poor service or cost? Are you currently self-managing your community but looking for an easier solution? There is a solution and it is self-managing with support from industry experts – where the community doesn’t have to do it all themselves. If you are…
How do you ensure best practice bookkeeping is done correctly on a consistent basis at your Homeowners Association (HOA ) or Condo community? You standardize your process, document it, add checklists and then inspect that your accounting team is following the system. The Value of Checklists in All Vocations Earlier in my career, I was…
One of the core issues of the HOA & Condo management industry is poor communication rooted in a lack of responsive service. Years ago, as a Management Company Owner & Executive, I met hundreds of Board Members that complained that along with terrible financial information the main reason they were changing managers was awful communication. …
Over the last few years we have been busy writing blog posts, articles and other information to make operating or self-managing your Homeowners Association or Condominium Community easier. Our Goal is to make the Community Financials website a Board resource. In addition to the Resources page of our website we also have other places to…
Russell Munz, Founder
Certified Manager of Community Associations (CMCA)
Expert Financial Oversight
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