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.
A Wall Street Journal report published this week documented something that should get every HOA and condo board’s attention. Foreclosure filings tied to unpaid HOA dues are rising sharply, up nearly 40% over two years according to real estate analytics firm Attom, with more than 6,300 properties affected in just the first quarter of 2026…
Most HOA boards assume that when they hire a property management company, the accounting comes with it. The manager handles the vendors, attends the meetings, fields homeowner calls, and produces the financial reports. Everything in one place. One relationship. One invoice. That bundled model is how most of the industry works. It is also why…
Francisco Gomez became board president of Doral Gardens HOA in Doral, Florida in 2022. What he inherited was not a community in good shape. The property manager had stolen $168,000. A special assessment had to be issued just to recapitalize the association. Two replacement managers were brought in after the fraud was discovered. Neither was…
Every board eventually faces the same uncomfortable moment. A reserve study lands on the table, the professional assessment that maps out what the community’s major components, including the roof, pavement and elevators, will cost to repair or replace and when. The numbers are higher than anyone wanted to see, and someone in the room asks…
It starts with the best of intentions. The operating budget runs short, a repair comes in over estimate, or the year just did not go as planned. The reserve fund is sitting there, the board knows the money is there, and someone suggests borrowing from it temporarily with a plan to pay it back later….
When boards come to us looking to make a change, I always ask the same question: why now? After talking with hundreds of boards over the years, the answers almost always come back to the same two things. They lost trust in how the accounting was being handled, or they were not getting responsive service….
HOA accounting should not feel like mystery math. Board members should not have to squint at reports, guess whether vendor payments went out, wonder if assessments were posted correctly, or spend half the meeting trying to figure out what the numbers actually mean. Yet for many HOA boards, that is exactly what happens. The financials…
It comes up more often than you might expect. A board is looking to reduce costs, someone does the math, and the question gets floated: do we really need financial reports every month, or could we get by with quarterly? It is a reasonable question on the surface. Fewer reports means less work, and if…
A tree trimming crew comes through the property, does their work, packs up, and leaves without anyone noticing that one of their trucks clipped an underground water pipe on the way out. The pipe does not burst dramatically. It just leaks, slowly and steadily, underground where nobody can see it. The water keeps running, the…
Russell Munz, Founder
Certified Manager of Community Associations (CMCA)
Expert Financial Oversight
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