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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…
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…
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…
Windy Hill Development Completes Sale of First Lots to Lennar Homes
Windy Hill Development Completes Sale of First Lots to Lennar Homes, M/I Homes in Indian Springs Community; Enters Strategic Alliance with Southern Property Management Group First Phase Offers Affordable Family Living: Three-Bedroom Homes from $240K with Community Park, Playground Managed by Southern Property Management Group February 12, 2025 09:00 AM Eastern Standard Time HOUSTON–(BUSINESS WIRE)–Windy…
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 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 you…
