Why is the average yearly revenue of HOAs that your Association Manager oversees important?
While your monthly HOA dues probably feel more like taxes collected by an inefficient government bureaucracy, they are in fact revenue....
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Amber
- 3 days ago
- 1 min
Why is the type of HOAs that your Association Manager oversees important?
One size fits all does not apply to HOA Management. A multi-story condo building is much more difficult to manage than a community of...
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Amber
- Jul 5
- 1 min
Why is the average size of HOAs that your Association Manager oversees important?
If there was a rapper named “The Notorious H.O.A.” they would write a song called “Mo People Mo Problems”. The lyrics would explain how...
79 views1 comment
Amber
- Jun 28
- 1 min
Why is the average age of HOAs that your Association Manager oversees important?
Buildings are like people… New buildings are usually very healthy and don’t require much maintenance and repair. As buildings get older,...
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Amber
- May 18
- 2 min
Which is worse: a Special Assessment or Higher Monthly Dues?
When (not if) your HOA gets into financial trouble, your board basically has two options: raise dues or issue a Special Assessment. So...
130 views1 comment
Amber
- Apr 18
- 2 min
Is it better for your HOA to cover more or less of your monthly expenses?
The fewer expenses the HOA covers the better. Here’s why… Your HOA pays more for services than you would on your own Most Boards do not...
77 views1 comment
Amber
- Mar 2
- 2 min
Is ADA Parking Fraud being ignored by your Board and Association Manager?
The Federal Fair Housing Act, 24 CF 100.205 requires that covered multifamily dwellings, built during 1991 and thereafter, have 2% of...
52 views1 comment
Amber
- Feb 15
- 1 min
Which is the Most Volatile Monthly Expense for Homeowners?
Mortgage Payment? NO You can choose your own volatility. With a fixed rate loan, your mortgage payment will never change. If you choose a...
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Amber
- Aug 14, 2021
- 1 min
Are Reserve Contributions and Social Security Paycheck Deductions essentially the same thing?
The government wants to make sure people have money for when they retire. They know most people won’t save enough money for retirement on...
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Amber
- Aug 8, 2021
- 2 min
Is 50% funded Reserves good?
For simplicity, let’s say your HOA only has 1 reserve item, the roof. The Reserve Study company predicts the roof will need to be...
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Amber
- Aug 5, 2021
- 2 min
Should your HOA return unspent Reserves when you sell?
Good luck getting that to happen! Here’s why it makes sense in theory… Let’s say you buy a brand new home where there is no HOA. Now...
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Amber
- Aug 2, 2021
- 1 min
Where are REAL reviews of HOA Managers?
Here’s the current order of credibility Yelp - At least they try to filter out fake reviews. Google - While they don’t filter out...
376 views0 comments
Amber
- Jul 30, 2021
- 1 min
Are Association Manager, HOA Manager and Property Manager all the same thing?
No. But many people use these terms interchangeably, even us sometimes. There is a difference. While Association Manager and HOA Manager...
25 views0 comments
Amber
- Jul 29, 2021
- 1 min
Is your HOA Manager controlling access to your Association Attorney?
Your Board should never allow this to be the case. The Board President or another Board Member should always be able to communicate...
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Amber
- Jul 29, 2021
- 1 min
Who should manage your HOA finances?
DEFINITELY NOT YOUR ASSOCIATION MANAGER… This is a huge conflict of interest. Unfortunately, it is a growing trend for Association...
26 views0 comments
Amber
- Jul 27, 2021
- 1 min
Is your HOA Manager creating fake 5 Star reviews on Google or Yelp?
When you look up your Association Manager on Google or Yelp are you shocked that they have anyone giving them 5 Star reviews? Most of...
22 views0 comments
Amber
- Jul 26, 2021
- 1 min
Who hired your Association Manager?
If your Association Manager was put in place by the Builder, your Board should replace them ASAP. Why? This Association Manager typically...
27 views0 comments
Amber
- Jul 7, 2021
- 1 min
Is your HOA Manager giving you legal advice?
HOA Managers are NOT attorneys and are NOT allowed to give ANY legal advice. That is why you have an Association Attorney. In California,...
25 views0 comments
Amber
- Jul 1, 2021
- 1 min
What if your Association Manager is unlicensed?
It’s a trick question! In California, there are no licensing requirements to be an Association Manager. There are more licensing...
60 views0 comments
Amber
- Apr 9, 2021
- 1 min
Did your Board fail to send out the annual Financial Statement?
The Financial Statement is the only way for current owners and prospective buyers to verify if a Board spent within their budget. Any...
1,947 views2 comments