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Start Your HOA Budget Year Off Right

January marks the beginning of a brand-new fiscal year for many HOA boards. Now is the chance to take stock of how your board is operating and implement your budget – two things that are easier said than done. But these tips should help you get off on the right foot. Set expectations The budgeting process, which you should already have completed, is a chance for the board to set expectations for the community. Have a conversation with your management team about how the board wants the year to go [...]

2023-01-12T12:21:22-10:00Financial, LC Featured, Learning Center|
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The Reality of Serving on an HOA Board

Serving on an HOA board is an eye-opening experience. Whether you’ve never been a member of an HOA board or previously served on one for a few years, you will gain a new perspective when joining an HOA board. You may be surprised at the work it takes to maintain an association. Previously, you may have been content to pay your dues and let others take care of everything else, or may have had a negative view of board decisions and HOAs in general. However, living in an association and becoming in [...]

2022-12-18T02:01:08-10:00HOA Rules and Regs, LC Featured, Learning Center|
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Upcoming Legislation Supporting Owners and HOAs in 2023

The Community Association Institute's  Federal Legislative Action Committee is carrying momentum from 2022 into the 118th Congress, which convenes in Washington, D.C., on Jan. 3. This past year saw important legislation introduced in Congress to help condominium homeowners finance major building repairs, a CAI-led coalition working to support mortgage credit for condominium and cooperative homeowners, and renewed interest in disaster assistance for community associations. Safe Buildings & Sa [...]

2022-12-08T13:09:43-10:00Community, Financial, LC Featured, Learning Center|
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Six Great Holiday Party Ideas for Condo Owners

The difference between a so-so party and an outstanding one could hinge on planning a theme and a few simple activities in advance. These activities are easy to plan and execute at your condo. 1. Gingerbread House Decoration Contest: The tradition of decorating a gingerbread house for Christmas may seem like a kiddy treat, but it adults get incredibly creative (and competitive) with this fun activity! Many grocery stores have small gingerbread kits right now, which eliminates baking or hunting f [...]

2022-11-30T12:04:15-10:00Community, LC Featured, Learning Center|
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More Legislation in 2022 Affecting HOAs

Last month we reviewed Legislative bills that amended Chapter 514B specific to condominium regimes. There are a few other legislative actions that did not directly affect Chapter 514B, but they will nonetheless influence the governance decisions and life in a condominium association. The following information was summarized by the Hawaii Chapter of the Condominium Association Institute. The legislature considered climate and energy conservation measures that will impact condo associations. As th [...]

2022-11-28T08:33:18-10:00HOA Rules and Regs, LC Featured, Learning Center|
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Our Concern for Your Data Privacy

A question comes up from an owner about once a quarter: Why didn’t I get your newsletter? That’s an excellent question, because we want all members of the HOAs we serve to get this information. The answer has to do with not sending unsolicited email under data privacy laws, and aligning current policies with more stringent regulations that are coming soon (and many states have already been adopted). Your association collects owner names, addresses, emails and phone numbers for efficient communic [...]

2022-10-12T15:25:42-10:00Community, HOA Rules and Regs, LC Featured, Learning Center|
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Are Your Association Pool Rules FHA Compliant?

Maui County experienced a record-breaking heat wave this past summer, making community pools more popular than ever. An increase in activity may prompt associations to consider new pool rules. But tread carefully- associations often violate the Fair Housing Act by adopting well-intentioned, or what might be considered “common sense” rules for pools and other property amenities. A better understanding of the Fair Housing Act will help associations understand where they have gone astray, and hopef [...]

2022-10-10T11:11:20-10:00Community, HOA Rules and Regs, LC Featured, Learning Center|
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Create Bonds Between Your HOA and Residents

Fall is a great time of year to focus on our interpersonal relationships. Call it a warm-up to the holidays. During the summer travel season, homeowners can develop a sense of disconnect within their neighborhoods and miss the value their HOA provides. Ultimately, this may cause grumbling about paying dues or other association related things. If that is happening in your community, it could be because your HOA is missing the boat on sharing what is really important–people connections. The goal o [...]

2022-09-27T20:10:54-10:00Community, LC Featured, Learning Center|
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Top 5 Reserve Study Misconceptions

A professionally prepared reserve study is a guide for associations towards having sufficient funds for major common area repairs and replacement projects in the future. However, somewhere in between completion of the plan and implementation, a host of misconceptions can take hold, resulting in costly errors. Read on to identify the five most common errors to avoid. 1) Contributing 50% of the recommended amount to the reserve fund –Cutting reserve contributions will leave your association short [...]

2022-09-22T22:09:00-10:00Financial, LC Featured, Learning Center|
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What is a Condominium and What Can Be Condo-ed?

A condominium is simply a form of ownership that divides a property into areas that are exclusive to one or a number of owners, with a community organization to oversee the entire property. The type and size of what can be a condominium are not subject to any state limits. However, all county zoning, ordinances, regulations, permits, and rules must be followed by the owners and developers in how they develop or use the property. Single family homes, residential skyscrapers, agricultural pasturel [...]

2022-08-27T09:41:18-10:00Financial, LC Featured, Learning Center|
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