HOA budget

If your HOA insurance premium went up this year, you’re not alone—and you’re not imagining it. Across the country, community associations are facing a sustained surge in insurance costs, with many seeing significant increases year after year—and some even experiencing premiums that have doubled in just a few years. This isn’t the result of a [...]

In September 2012, the California Department of Real Estate (DRE) was sufficiently concerned about the number of Homeowner’s Associations (HOAs) experiencing financial problems that they decided to issue a special consumer warning.  That alert read, in part: “The California Department of Real Estate (DRE) has issued this warning as a result of the growing number [...]

Saving money is an admirable goal and one that many of us try to accomplish, but when you are running an HOA, it can be challenging to know the best way to cut costs without sacrificing your community's well-being. No HOA wants to increase its assessments, and owners would be happier if that never needed [...]