Updated: Jun 23, 2022
DEFINITELY NOT YOUR ASSOCIATION MANAGER… This is a huge conflict of interest. Unfortunately, it is a growing trend for Association Managers to require they manage your HOA finances.
There needs to be a system of checks and balances which is why you should have an independent company manage your finances.
Additionally, your Association Manager SHOULD NOT be doing your Reserve Study. Again, a huge conflict of interest.
Nothing. There is no explicit requirement that HOA Dues be correct and there is no penalty if they are wrong. In our 5 years of research,...
For ALL of following statements, are we describing an HOA or the Government? They mandate how much you owe them each year. If you don’t...
If your HOA Board wants to increase monthly dues, there are very specific requirements for WHEN and HOW they must notify you. Every year,...
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