Budget season often feels like a balancing act for homeowners’ associations. Rising costs, aging infrastructure, and homeowner expectations collide as board members try to build a plan that funds community needs without overburdening residents. The truth is, successful HOA budgeting doesn’t come down to luck or guesswork – it comes from following proven HOA budget…
Every HOA or condo board eventually faces a big financial challenge: a roof replacement, structural repair, or major insurance-driven upgrade that can’t be postponed. These large-scale projects—often costing over $100,000—are essential for keeping your community safe, functional, and compliant. But when your reserves fall short, the big question arises: How do we pay for it?…
Why Management Companies Are Popular… and Problematic Choosing the right HOA accounting services can make or break your community’s finances. Many boards are tempted by lower prices, but as our experience shows, quality HOA accounting services save time, money, and stress in the long run. Poor accounting accuracy, delayed reports, and unresponsive service can quickly…
Every homeowner association (HOA) or condominium board is ultimately responsible for running its community. Many boards hire HOA management companies to handle day-to-day operations like bookkeeping, staffing, and property oversight. For many communities this is the preferred management method. However, larger scale communities, which require onsite staff, may not benefit as much from having a…
When you purchase a home in a community governed by a homeowners’ association (HOA), you’re committing not only to your mortgage but also to recurring fees that keep the community running smoothly. These HOA dues help cover everything from landscaping and road maintenance to pools, gyms, and long-term reserve funds. But how much should homeowners…
HOA rules are designed to keep communities safe, attractive, and consistent – all of which help protect property values and maintain a good quality of life for residents. In Florida, these rules are shaped not only by each community’s covenants and bylaws but also by state laws that set clear standards for how HOAs must…
Feeling the pinch of skyrocketing insurance premiums? You’re not alone. Community associations, homeowner associations, condos, and co-ops across the country have been facing higher costs and tougher coverage, leaving boards and managers wondering how to navigate these challenging times. Why Insurance Costs Are Soaring Experts point to several factors behind the steep rise in premiums….
Owning a condo has long been an attractive option for those seeking modern, low-maintenance living in the heart of the city. But recently, many potential buyers are finding it increasingly expensive—and soaring Homeowners Association (HOA) fees are a major reason why. In states like Florida, HOA fees alone can reach $1,500 to $2,000 a month….
Community Financials would like to share an important update from our trusted banking partner, Pacific Premier Bank. Since 2018, Pacific Premier has been a key part of our operations, supporting our homeowner association (HOA) clients nationwide with no-fee bank accounts, easy signature card updates, check lockbox processing, fraud prevention mechanisms, visibility through software integrations, competitive…
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 info@communityfinancials.com
