3 Major Laws Changing Texas HOAs and COAs in 2023: HB 886, HB 614, HB 1193

Now that another Texas legislature special session is in the books, it’s time to take a closer look at the new state laws that will affect your homeowners association (HOAs) or condominium owner associations (COAs), both also known as property owners associations (POAs). Naturally, if you serve on your board, you’re probably wondering if or…

13 Ways SB 1588 Affects Your Texas HOA

The 2021 Texas 87th Legislative Session has closed with new bills that will significantly affect property owner’s associations (POAs/HOAs) governed under Chapter 209 of the Texas Property Code (TPC). These may require adopting a new policy or an amendment to an existing policy of your governing documents.  What is Senate Bill 1588 Texas? Senate Bill…

SELF MANAGED HOA PROS AND CONS: DO YOU NEED HELP?

Homeowners associations vary greatly, with some requiring more attention than others. Although many find the idea of self-management appealing, it is not always the right call. In fact, when you become a self-managed HOA, you open your community up to certain risks. UNDERSTANDING SELF MANAGED HOA PROS AND CONS What is a self managed HOA?…

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…