HOA Budget Planning: Operating Budget vs Reserve Budget

HOA Budget Planning: Operating Budget vs Reserve Budget

  As a board member, it’s your fiduciary responsibility to make sure association members’ dues are well accounted for in the budget. To do that, the HOA can use two vital budgets: operating budget and reserve budget. Both budgets are crucial for the smooth and effective running of the association and community operations. To help…

8 Common Myths About HOA Management Companies Debunked

8 Common Myths About HOA Management Companies Debunked

Hiring an HOA management company is beneficial for your association as it ensures smooth operations, streamlines communication, and enforces rules and guidelines. It also safeguards the best interest of your community without compromising the board’s authority. Regrettably, several misconceptions surround HOA management companies, making homeowners and board members perceive them negatively. Let’s debunk eight common…

5 Things to Consider When Hiring a Property Management Company

5 Things to Consider When Hiring a Property Management Company

Managing a rental property can be strenuous. From collecting rent to planning for maintenance and inspection, screening tenants, and advertising the property, it is not always a walk in the park. Fortunately, a property management company can take care of these tedious and time-consuming tasks giving you more freedom, and peace of mind. A management…

5 Skills Property Managers Add to Your Association’s Toolkit

5 Skills Property Managers Add to Your Association’s Toolkit

Property management is a difficult challenge for owners and boards. You must be skilled and effective in many different areas as vastly different as accounting and negotiation. One easy solution is to create a toolkit of these skills through the use of a property management service. What tools does a quality property management company provide…

Southern Property Management Group Spring Cleaning Tips

Southern Property Management Group Spring Cleaning Tips

Southern Property Management Group Spring Cleaning Tips Spring is here and that means lots of changes are in the air.  In an effort to continually improve your property, we would like to remind everyone of a few things. We have several units that are being listed in the month of April.  As everyone knows, new…