What is a Hydrostatic Valve

Swimming pool maintenance can, many times, be one of the largest items on an HOA’s budget. It is beneficial for a board to have an understanding of the pool and the related expenses. One of those possible expenses can come from a malfunctioning hydrostatic valve.   A hydrostatic valve is one of those things that…

Life Expectancy Planning

While HOA boards should rely on professional reserve studies for long term planning, having a general idea of product life cycles can possibly assist with annual budgeting. Even with a professional reserve study there are no guarantees on life cycles. This is because of extenuating circumstances such as environment, use, installation, and a myriad of…

Why Are Our Dues…?

“Why are our dues higher than the HOA next door?” Or perhaps: “My sister’s HOA dues are less than our dues.” No matter what the one-dimensional analysis of another HOA’s dues are, a great deal of further research is needed. As with many situations, the answer to this may appear to be straightforward, but the…

Net Income/Loss & Retained Earnings

Questions arise from HOA boards about Net Income/Loss and Retained Earnings as found on their monthly financials. Net Income is the total of excess income over expenses, while Net Loss is the excess expenses over income.   Retained Earnings, by definition, is the balance of net income less losses over the years the association has…

Delinquencies and the Desire to be Neighborly

William Douglas Management has a collections process that was reviewed and structured by attorneys who specialize in HOA collections. Because of the harsh consequences for violating one of the vast and complicated collection statutes, this approved collection process is necessary to protect our client associations and our company.   One of the many challenges of…