Let’s face it – HOA financial management is rarely why someone joins the board. But staying on top of your community’s finances is one of the most critical responsibilities you’ll have. Still, it doesn’t need to be a constant source of stress. If your board is buried in spreadsheets or playing catch-up with budgeting and…
Managing insurance costs is becoming more challenging for community associations. To help you navigate these waters, we’ve put together a guide based on insights shared by insurance expert Dave Pilon, CPA, CFA, CIRMS, at a recent Community Association Institute (CT Chapter) Symposium. This guide covers key strategies for budgeting for HOA and condo insurance in…
Many Homeowners Associations (HOAs) face a common dilemma: how to achieve effective management without incurring the significant costs associated with full professional management. While self-management can seem appealing, it often places a heavy burden on volunteer board members. Fortunately, there are viable alternatives that offer a balanced approach. This topic was discussed in a podcast…
Small HOAs, Big Financial Responsibilities A small homeowners association (HOA) may oversee just a handful of homes or a small condo complex, but its financial responsibilities are just as important as those of a larger association. While “small” can mean different things to different communities, it generally refers to HOAs and Condo Associations with anywhere…
If you are not used to looking at financial reports they can seem as confusing as a foreign language. If you have limited time as a HOA or Condo volunteer or are a busy Manager what reports should you review before your meeting and what do all the numbers mean? Join us to learn about…
Surveillance cameras are increasingly common in condominium communities, offering a layer of monitoring for various purposes. However, it’s important to differentiate these from security cameras, as the presence of surveillance video is primarily for rule enforcement, not safety. Attorney Kristie Leff of Bender Anderson & Barba P.C in North Haven, CT advises that associations establish…
Recent Update: Filing Deadline Extended – March 21, 2025 HOA and Condo Boards, take note! The filing deadline for the Corporate Transparency Act (CTA) has been extended to March 21st, 2025. This extension, announced by FinCEN on February 19th, gives community associations extra time to comply with the Beneficial Ownership Information (BOI) reporting requirements. But…
To support our clients, we’ve created The Successful HOA – a resource hub that offers essential tools and guidance for board members. Whether you’re new to the role or looking to streamline the transition between board members, The Successful HOA features general topics, demo videos, and how-to guides to help you quickly get up to…
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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