Does an HOA have to conduct a reserve study?

First off, let’s briefly uncover what a reserve study is and what it entails. It is merely a report that reflects the useful life each common area component has remaining. Also, the report assigns dollar amounts associated with each component. These amounts reflect the amount needed from each owner to replace each item when it’s [...]

By |2021-04-29T18:09:40-07:00April 29th, 2021|News|Comments Off on Does an HOA have to conduct a reserve study?

Paying too much for your monthly HOA dues?

Paying too much for your monthly HOA dues? A lot of homeowners think that paying a high amount for their HOA dues is bad. However, it is better to pay a higher amount rather than have low reserve funds. Every HOA has a budget and a reserve study report. Those tools determine what the [...]

By |2021-06-09T09:08:37-07:00April 22nd, 2021|News|Comments Off on Paying too much for your monthly HOA dues?

What is considered common area?

In the property management world, common area is a widely talked about topic, especially in the HOA space. Within Homeowners Associations, a maintenance issue either falls under the umbrella of common area or the homeowner. Every HOA has a set of CC&Rs (Covenants, Conditions & Restrictions). Within this extensive document lies all the rules [...]

By |2021-04-15T18:24:32-07:00April 15th, 2021|News|0 Comments
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