Financial Management

Most board members are not accountants — and they shouldn’t have to be. But every board member should be able to recognize when something in their financial reports doesn’t look right. A well-run management company makes that easy. A poorly run one makes it hard, intentionally or not. Here are six specific red flags that […]

A reserve study is one of the most important financial planning tools an HOA or condominium board has — and one of the most frequently neglected. At its core, it is a professional assessment of your property’s major shared components, their current condition, their remaining useful life, and what it will cost to repair or

A good monthly financial report tells you the story of how your property is doing financially. It’s not just a collection of numbers — it’s numbers with context, explanation, and a clear picture of where things stand and where they’re heading. Here’s what every board should expect to receive every month: Operating account balance Where

Reserve fund requirements are one of the most consequential — and most frequently misunderstood — areas of HOA and condominium association governance. The rules come from multiple directions: federal mortgage guidelines, industry standards, and your association’s own governing documents. Getting this wrong doesn’t just create financial risk. It can affect whether buyers in your community