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HOA vs. POA: What’s the Difference?
A Homeowner Association and a Property Owners’ Association sound similar, and they can be, but they can also function very differently depending on the situation. The following outlines the main differences between an HOA and a POA. HOAs Defined In an HOA, homeowners become members of the association board and work to better the particular…
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…
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…
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…
7 Reasons to Hire an HOA Manager This Year
How is your homeowner’s association doing? Is everything running easily and smoothly? Do you have interested members at each HOA board meeting? Is your reserve fund fully funded? What would you do if you were faced with a lawsuit or an unexpected project? If you answered no to any of these questions or don’t know the…
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…
