Staying updated on the latest HOA news is essential for effective community management and governance. This section offers timely articles and updates on industry developments, legislative changes, and community success stories. Learn about new laws impacting homeowners associations, emerging trends in community management, and innovative solutions to common challenges faced by HOAs and Condo associations.
By keeping up with current events and changes in the industry, board members and residents alike can make more informed decisions that benefit their communities. Whether you’re looking for insights on regulatory updates or seeking inspiration from other successful associations, this blog provides the information you need to stay informed and engaged in the ever-evolving world of HOA management.
Community Financials, a Business Partner member of Community Associations Institute, is pleased to share the latest information with our network. In June 2024, the Community Associations Institute Board of Trustees voted to file a lawsuit seeking an exemption for community associations from the burdensome provisions of the Corporate Transparency Act. This action further underscores the…
There is a new development regarding the Corporate Transparency Act. A Federal court ruled the Corporate Transparency Act is unconstitutional. See below from the Community Associations Institute (CAI): Resources:CAI Corporate Transparency Act ResourcesCall to Action = Contact your Senator TodayFederal Court RulingNational Small Business Association Announcement Forbes Article For the time being compliance with the CTA…
Community Financials is growing and we continue to add the best personnel to ensure you receive great service. We’re pleased to introduce Shannon McGuire as our newest Client Manager on the Tops Team! This role provides Boards with a primary point of contact to work with. She will answer questions related to financial reports, help…
At Community Financials, one of our core values is delivering WOW Service. WOW Service stands out from the industry average service. A core value helps us make decisions as a company on where to make investments. Over the last few months, we’ve made some blog-worthy investments. Upgraded phone system & call handling for Community Financials…
Over the last month, we finished improving our website to make it easier to navigate and understand how we help boards make self-managing easier and how we also help managers make accounting easier. To show the services we handle we added a Services and Tools page for Board Members that outlines what we do and…
Community Financials works with a few banks that specialize in HOAs and Condominiums, one of those banks is Truist. Truist is the bank created from the merger of BB&T and SunTrust and created a large banking footprint in the southeast and mid-Atlantic states. Community Financials met up with BB&T now Truist Association Services to look…
I served five years as an Army Lieutenant and then Captain from 1995-2000. It was an awesome education – I refer to this experience as my real-world MBA. I learned a lot (from some of the best senior officers and sergeants) that makes me a better person and leader today but wanted to share 3…
One of Community Financials biggest services is to collect homeowner’s association dues payments. About half of these payments are paid online and the other half are paid by check (this varies by community). However, when an owner decides to mail in a payment it takes extra time in the postal service to go from the…
Although we are a remote based service, we are opening an office in Florida this fall. Starting in October we will have an office in Sarasota Florida. This is in addition to our Boulder, Colorado and Alexandria, Virginia office locations. Stay tuned for additional information.
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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