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Blog/News
The Best 4 Financial Reports For HOAs & Condo Communities
I hear it all the time, the board gets a stack of paper reports but doesn’t look at them. The reason why? I suspect information overload and not knowing what to look for in each report. It can be overwhelming for a community board member that isn’t used to looking at financial reports.
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Practical Tips for Delinquent Account Reconciliation
Anyone who has worked in the community association industry knows that not all owners pay their assessments in a timely manner. Sometimes, boards need the assistance of a lawyer to collect delinquent amounts. But when the file is ready to be closed, what if the amounts recovered by the law firm do not match the management company’s ledger?
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Hitting a Moving Target: How to Stay on Budget this Fiscal Year
Year after year, many associations struggle with the same concern: staying on budget. While there are certainly times where unforeseen expenses arise that send your budget into a tail spin no matter how proactive you were, there are a few steps your association can take to help your budget stay in the black by the end of the year.
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Commonly Ignored Best Practices of Commercial Landscape Maintenance
How you care for your plants makes all the difference in the lifespan and overall look of them. Written by Tim Hawkins, this blog article discussed often ignored/overlooked best practice tips for commercial landscape maintenance.
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Washington State Legislative Update
Washington State 2018 Legislative Update: WSCAI’s Legislative Action Committee (LAC) provides a Summary of the 2018 WA State Legislative Session, impacts on community associations, and what to expect in 2019.
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Federal Tax Law Changes in 2018 for Community Associations
Qualifying residential homeowners and condominium associations have the unique option in Federal taxation to file one of two tax forms. (This discussion does not include nonresidential, timeshare, cooperatives, commercial or exempt associations).
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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 associations are so unique in their tax treatment!
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5 Tips for Running an Association Board Meeting
[ Blog/News ] unning 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...
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Boundary Issues: Associations and Owners Often Face Problems Involving Damage and Repairs that Straddle or Cross Property Lines
[ Blog/News ] defining moment in many people’s lives is when they purchase their first home. The promise and potential as a new homeowner feels unlimited. What many don’t realize is that the issues you may face as a homeowner—or indeed as a...
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A Checklist For Selling Your Condominium
[ Blog/News ] ou’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...
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Reserve Study Washington: “The Top Six Components”
[ Blog/News ] reserve study is a budget and disclosure document, supplementing operating & maintenance budgets for the large expenses that don’t occur each year. In this busy world, focusing on a handful of key items in your reserve study may...
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