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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…
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?…
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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…
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…