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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…
5 Things to Consider When Hiring a Property Management Company
Managing a rental property can be strenuous. From collecting rent to planning for maintenance and inspection, screening tenants, and advertising the property, it is not always a walk in the park. Fortunately, a property management company can take care of these tedious and time-consuming tasks giving you more freedom, and peace of mind. A management…
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…
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…
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…
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…
