The Risks of Serving as a HOA or Condo Board Member
We hear it all the time from prospects - they just joined or are about to join the board and are concerned of personal risk for this unpaid and often underappreciated obligation. We wrote up a 7-page long form article to help you understand the risks and some ways you...
Why is “Full Management” HOA and Condo Service So Bad?
We hear from hundreds of board members and they have a universal pain point: poor service from HOA and Condo Management Companies. This is especially true for smaller communities or communities with under 100 homes. I was President and Co-Owner of a management...
Watch our Ask an Expert Video Series About HOA and Condo Community Reserves and Reserve Studies
We wanted to let you know about an exciting new resource for HOA and condo boards to learn more about how to better operate their community. We are recording our discussions with industry leaders in a new video series: “Ask an Expert”. In this video you can watch our...
Community Financials Communicates With and Educates the HOAs and Condos we Work For
Some prospective clients ask us how we work with board members from a distance? Community Financials communicates with and educates the HOAs and Condos we work for using a variety of methods. I wanted to take an opportunity to share a recent example. We work with a...
Watch our Ask an Expert Video on HOA and Condo Tax Returns
Want to find out if your association needs to file a tax return and what the pitfalls are if you don't get it right? We discuss the consequences of not filing a tax return, what form to use, what causes a HOA or Condo to have to pay tax and how reserve contributions...
Community Association Manager Accused of Stealing One Million Dollars
A new addition to our Association Greed series we have a current news story to learn from. Its about a New Jersey & Pennsylvania community association manager accused of stealing one million dollars. This case of homeowner association / condominium embezzlement...
New Welcome to the Community Financials Website Video
I just added a short video to introduce myself to new visitors to the Community Financials website. Whether you are a self-managed HOA or Condominium community or contemplating the switch from Full-Management to Self-Management you’ll get to know us a little better....
3 of the Valuable Life/ Business Lessons I Learned as an Army Officer
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...
Watch our Ask an Expert Video About HOA and Condo Vendor Insurance
Want to find out if your vendor insurance covers your Condo or HOA? We discuss cover vendor insurance coverage, insurance certificates, risks of uninsured or under insured vendors having an accident on your property and solutions in this eye opening video. Learn the...
Increase Your HOA or Condo Assessments Before the Next Recession
When times are good it is easier to increase your dues than when times are tough. Asking people to pay more for dues or common charges when their work hours get cut back or a spouse loses their job is much harder. But what is an association to do in order to keep a...
Significant Updates to FHA Policy for Condominium Approvals
The Federal Housing Administration (FHA) recently adopted new rules and policies regarding FHA loan approval of condominium units. One of the significant revisions will allow for the approval of certain individual units in non approved condominium projects. The...
Community Financials Adds BB&T Bank
Our goal at Community Financials is to make the financial management for HOAs and Condo communities stress-free. In that vein Community Financials adds BB&T Bank as a second banking option for our clients. There are about 7 banks nationally that specialize in...
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Long Form Articles
If you like our blog posts you will love our long form articles.
They are packed with useful information to help your Board.
10 Steps to Self-Manage your HOA/ Condo Community
Save over 50% of a full management fee while still receiving support from professionals with a majority of the tasks involved in operating a community.
What Laws Does the State with the Most Condos & HOAs (Florida) Have That You Can Learn From?
Florida has the most HOA and Condo Communities in the country. They have many laws that make sense to help protect owners.
Top 11 ways to Avoid Fraud Theft at your HOA Condo Community
Use this as a resource to start a conversation with your Board.
Articles
Financial Best Practices and Transparency
The Latest Tools to Help Communities Safeguard their Funds
Outsource Day-to-Day Accounting Tasks
Self-Managed Community Support or Lower Cost Option to Full Management
More Resources
Info Sheets
Large Community Brochure
Licenses & Certification
Communication
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