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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…
3 Reasons Your HOA Needs Property Management
If you manage an HOA or are part of an HOA board, you may be wondering if your HOA needs a professional property management team to take over. Running an HOA takes a lot of work and requires many hats, so it may not be the right job for anyone. If you want to improve…
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…
Reserve Studies for HOAs: Understanding the Essentials, Importance, and Keys to Success!
Homeowners associations function best when they have a substantial reserve fund to rely on. This fund covers routine maintenance and unforeseen repairs, ensuring the proper upkeep of all assets. But how can you ensure everything is managed effectively? The solution lies in conducting reserve studies for homeowners associations! To effectively manage budgets and resources, it’s…
HOA Reserve Funds: Everything You Need to Know
One of the most important aspects of serving on the homeowner’s association Board of Directors is understanding your fiduciary responsibility. What this means is that Board members are tasked with doing everything in their power to ensure that the homeowners association remains financially healthy. In order to fulfill this important obligation, Board members should have…
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…
