5 Points About the HOA Reserves

Reserves are a crucial aspect of all HOAs.   1 – The Internal Revenue Service considers general maintenance items not appropriate use of Reserve funds. For example painting may not qualify as a Reserve item.   2 – Reserves have to be allocated for a specific purpose. Contingency Reserves, General Reserves, Rainy Day Reserves could…

HOA Retention Ponds Don’ts

DO NOT mow detention pond too close to the surface; height should be 4 to 6 inches to maintain healthy grasses.   DO NOT apply landscaping chemicals in pond area, or in areas where the residue could make it into the pond during a storm event.     William Douglas Management, providing excellent management services…