A condo reserve study can help associations prepare for future repair and replacement costs. Board members must understand why this […]
Condo Reserve Studies: What’s Included and Why They Matter Read More »
Associations must comply with the Fannie Mae condo reserve requirements. Beginning in January 2027, Fannie Mae will increase its minimum
Chicago Fannie Mae Condo Reserve Requirements Read More »
While HOA surplus funds don’t arise frequently, board members must know how to handle them if they do. Surplus funds
How HOA Surplus Funds Should Be Used And Reported Read More »
Here are ways that a condo property management company can improve your condo association’s financial health.
How A HOA Management Company Help With HOA Finances Read More »
Every community should have appropriate HOA reserves to ensure healthy and stable finances. Of course, reserve requirements can differ depending
Build Your HOA Reserves To Cover Unexpected Expenses Read More »
Board members often have a hard time navigating HOA taxes, especially when they don’t have an accounting background. While technically
HOA Taxes vs Nonprofit Status: What’s The Difference? Read More »
Those who serve on their association’s board of directors should become highly familiar with their condo financial statements. These documents
What To Look For In Condo Financial Statements Read More »
Knowing how to read condo financial statements is a valuable skill for condo owners and board members. These statements provide
How To Read Condo Financial Statements Without A Finance Background Read More »
Do HOA fees include property taxes? Board members and owners alike often ask this question. Understanding what is and isn’t
Do HOA Fees Include Property Taxes? Read More »
The condo association budget is where smart financial planning and spending begin. It is the condo board’s job to plan
How To Plan And Manage The Condo Association Budget Read More »
