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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…
What Do Property Managers Do?
If you’ve ever considered real estate as a source of income, you’ve probably wondered if you could handle the ins and outs of day-to-day management. Rental properties can provide a substantial income, but if you want to take a hands-off approach, you should consider hiring a property manager to take care of your tenants for…