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HOA Finance

HOA FinanceHOA Reserves

How HOA Reserve Funds Protect Your Community’s Future

HOA reserve funds are an important tool for the long-term financial stability of any association. While HOA managers can help maintain and budget the reserves, it is the primary responsibility of the HOA board to manage this fund.   What are HOA Reserve Funds? A reserve fund is essentially a savings account that an HOA sets aside for future major expenses, such as repairs and replacements. This fund is not the same as an operating fund, which is used to…
jivko
January 22, 2025
HOA FinanceHOA Insurance

Rising HOA Insurance Costs And The Impact On HOA Fees

Rising HOA insurance prices prevent some associations from securing the coverage they need. Even worse, many homeowners are increasing dues to cover the additional costs. Board members must understand the reasons behind these increases and how to deal with them effectively.   What is the Cause of Rising HOA Insurance? For many homeowners associations, insurance is a major expense. In addition to the master policy, HOAs need to acquire various coverage types, including D&O insurance, workers' compensation insurance, liability insurance,…
jivko
January 22, 2025

We will be closed Friday April 18th at 2PM for the Easter Holiday.

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