Washington State Legislative Update

Washington State Legislative Update

Author: Legislative Action Committee (LAC) The Washington State’s 65th Legislative Session adjourned on March 8th. For only the third time in the last decade, the Legislature did not go into Special Session. This is no small feat, finishing on time has only occurred...
Let’s Play 20 Questions: Taxes and Audits

Let’s Play 20 Questions: Taxes and Audits

One thing is certain for community associations: An annual federal tax return. Another thing MAY be certain: an annual Certified Public Accountant (CPA) audit. If this is surprising to you, read on. If this is not surprising to you, read on anyway; as community...
5 Tips for Running an Association Board Meeting

5 Tips for Running an Association Board Meeting

Running an effective homeowner’s association (HOA) board meeting is like mastering the zipper merge. When it’s performed properly, everyone knows what they’re supposed to be doing and it looks effortless. It just takes preparation and some practice to get it right....
A Checklist For Selling Your Condominium

A Checklist For Selling Your Condominium

You’ve been reading countless articles in the paper about overwhelming demand for real estate and, after much thought, you have decided to take advantage of the strong seller’s market and sell your condo. While many local media stories suggest that selling anything in...
Uncollected Assessments: HOA Budgeting for Bad Debt

Uncollected Assessments: HOA Budgeting for Bad Debt

Budgeting for bad debt is something that associations should consider doing even in the best of times. Saying that associations need only budget for uncollected assessments in a down economy would be as shortsighted as… well, not budgeting for uncollected assessments....
Strategic Planning for Condos and HOAs

Strategic Planning for Condos and HOAs

Basics of Strategic Planning Strategic planning is a systematic planning process involving a number of steps that identify the current status of the association, including its mission, vision for the future, operating values, needs (strengths, weaknesses,...