Navigating HOA compliance and adhering to HOA regulations are fundamental responsibilities for any board member. Community Financials helps by providing up-to-date information on legal requirements, compliance best practices, and regulatory changes that impact homeowners associations. Stay informed about the latest laws, understand how they affect your community, and learn how to implement policies that keep your HOA compliant.
Whether you need guidance on amending governing documents, enforcing community rules, or understanding state-specific regulations, these articles offer practical advice and resources to help your board maintain legal integrity and avoid costly compliance issues. Enhance your understanding of the legal landscape and ensure your community’s operations align with current laws and regulations.
HOA reserves are the money an association sets aside for major future repairs and replacements. Most boards adopt a budget with a reserve contribution in it and assume the rest takes care of itself. But just because the contribution is in the budget doesn’t mean the money is actually sitting in the reserve account. Year-end…
Accounting for condominium associations is not just regular bookkeeping with a property address attached. While both involve tracking income, expenses, bank balances, and vendor payments, condominium association accounting has a very different purpose. A regular business uses bookkeeping to understand profitability, manage cash flow, and support tax reporting. A condominium association uses accounting to manage…
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…
Every budget season, boards face the same uncomfortable conversation. Costs are up, insurance is higher, maintenance is more expensive, and somewhere in the room someone says what everyone is thinking: if we raise assessments again, homeowners are going to be upset. So the board holds the line, the budget stays flat or goes up less…
Insurance premiums have been one of the fastest-growing line items in HOA and condo budgets for the past several years. According to a study by ICE Mortgage Technology, premiums rose 70 percent between 2019 and 2025, and for associations dropped by their carriers, the jump was far worse, with many ending up in the excess…
A homeowner stops paying dues. Months pass. By the time a lien is filed, the window to collect may already be closing. The board absorbs the shortfall. Everyone else pays more to make up the difference. For some associations, the answer has been a special tax district for HOA and condo communities. It is not…
A homeowner stops paying dues. Months pass. By the time a lien is filed, the window to collect may already be closing. The board absorbs the shortfall. Everyone else pays more to make up the difference. For some associations, the answer has been a special tax district for HOA and condo communities. It is not…
If you’ve heard that new rules from Fannie Mae and Freddie Mac are affecting condos and HOAs, you’re not imagining things. On March 18, 2026, both agencies announced significant updates to the standards communities must meet in order for buyers to use conventional mortgages to purchase homes in your community. The good news: these changes…
If you have ever opened your monthly financial package and stared at the HOA balance sheet wondering what you are actually looking at, you are not alone. Many board members feel confident reviewing budgets and expenses, but the balance sheet often feels more technical and harder to interpret. Understanding this document is not optional. It…
Russell Munz, Founder
Certified Manager of Community Associations (CMCA)
Expert Financial Oversight
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