Effective HOA financial management is crucial for the stability and growth of any community association. Properly managing your HOA’s finances ensures that resources are allocated efficiently, reserves are adequately funded, and all financial obligations are met in a timely manner.
Here, you’ll find expert articles, tips, and insights on budgeting, financial reporting, reserve studies, and much more. Whether you’re a board member looking to enhance your financial skills or a community manager seeking best practices, our blog posts cover a wide range of topics to help you navigate the complexities of HOA financial management.
Stay informed and empowered with the latest insights on creating effective budgets, maintaining accurate financial records, and planning for your community’s long-term needs. Explore our collection of articles to learn how to navigate the complexities of HOA financial management and keep your association financially sound.
Every month, Community Financials hosts webinars for HOA and condo board members. The questions that come in are consistent: What are my legal obligations as a board member? How do I read my financial reports? What happens if we do not fund our reserves properly? What does a collection policy actually look like in practice?…
The comparative income and expense report is the number one report I have used to run communities for 25 years. Most boards either do not receive it or do not know what to do with it when they do. The part that matters most is a single column that most board members scroll past without…
Starting January 4, 2027, Fannie Mae and Freddie Mac are raising the minimum reserve funding requirement for condominium and HOA communities from 10% to 15% of annual assessment income. Most boards heading into budget season are not yet asking what this means for their community, and the window to act on it before the deadline…
In part one we covered pulling the right reports, reviewing your delinquency picture, budgeting with a cushion, and knowing your true accounting costs. This post covers the three steps that protect your community’s long-term financial health: getting a reserve study, protecting your reserves, and setting a collection policy that actually gets followed. Dust Off or…
Budget season has a way of sneaking up on boards. One week it is summer, and the next the calendar is turning toward fall and someone realizes the budget needs to be finalized before the new year. The boards that navigate this well are the ones that do a few specific things before they sit…
Gay Hawkins has been president of her 8-unit HOA in Riverside, California for about ten years. Before she became president, her community had already been through one full-service property management company. During her tenure, she went through two more. Three in total over 22 years. Each one taught the board something about what to look…
For many HOA boards, budget approval can start to feel like an annual administrative ritual. Someone updates last year’s spreadsheet, a few expense categories are adjusted, the board reviews the totals, and the proposed budget is approved so everyone can move on to the next agenda item. That approach may work when expenses are predictable…
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…
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.
Need to change an existing consultation? Email [email protected]
