Just like for-profit businesses, association boards should work diligently to develop annual budgets that estimate revenue and expenses for the upcoming fiscal year. A properly drafted budget can help prevent reduced services, deteriorating property, or special assessments.
The post Crunching numbers: What goes into a community association’s budget? appeared first on Ungated: Community Associations Institute Blog.
Community associations fall victim to theft and embezzlement too frequently. Board members should know the warning signs and institute preventive measures before the community is left with a difficult recovery.
The post Safeguarding finances: 9 steps to prevent fraud and embezzlement in your HOA appeared first on Ungated: Community Associations Institute Blog.
Community associations fall victim to theft and embezzlement too frequently. Board members should know the warning signs and institute preventive measures before the community is left with a difficult recovery.
The post Safeguarding finances: 9 steps to prevent fraud and embezzlement in your HOA appeared first on Ungated: Community Associations Institute Blog.
Between student loan debt, the high cost of living in large cities, and rising housing prices, buying homes has become less practical for young people. Crowdfunding could be the means to make owning a home a reality for millennials.
The post Kickstart saving: Millennials turning to crowdfunding to buy homes appeared first on Ungated: Community Associations Institute Blog.
CAI's new site provides practical advice on common issues in the community association housing model.
The post Homeowner education: Be resourceful with CAI’s HOAResources.com appeared first on Ungated: Community Associations Institute Blog.
When Michael Shucart took the helm as president of Leisure Town Home Association’s board more than five years ago, financial disarray and outdated amenities plagued the 1,150-home community in Vacaville, Calif. Now, the retired banker is credited with putting Leisure Town back on a path to success.
The post Turnaround leader: How a board president revitalized a community in financial disarray appeared first on Ungated: Community Associations Institute Blog.
Nobody wants to foreclose on a home—not a mortgage banker and certainly not a community association. Countless Americans lose their homes when lending institutions are unable to collect mortgage payments. In a perfect world, no one would ever face foreclosure—for any reason. That’s why foreclosure should always be used as a last resort, applied only […]
The post A community’s last resort: Foreclosing on a home appeared first on Ungated: Community Associations Institute Blog.