As homeowner association annual budget items go, those related to the association’s swimming pool, when totaled, are typically the largest expense category. Individual budget categories, such as pool chemicals, pool furniture and lifeguards can add up substantially. While the pool management contractor expense is often thought off, obscure other expenditures may not be so evident.…
Board members resign from HOA boards of directors for a myriad of reasons. The predominant reason usually revolves around the member’s other pressing personal commitments. Another common cause is the board member selling their home and moving out of the HOA. Whatever the reason, the first step is to review the HOA’s bylaws for…
We learned, one hopes and expects, from the 2008 Subprime Mortgage Crisis and the resulting deep recession known as the Great Recession. The ramifications of this crisis were so dramatic to the overall economy that one would believe this would resonate for generations to come. This crisis impacted all homeowner associations. If the overall home…
Water rates between 2010 and 2015 increased by 41% according to circleofblue.org. Reasons for this increase vary from the replacement costs of the aging water infrastructure to that raising water rates is less controversial than raising property taxes. Another reason for increases is reportedly the reduction in water consumption by the government-mandated water reduction regulations.…
Reserves for homeowner associations are funds set aside for future capital improvements or repairs. The purpose of reserve funding is to ensure that the future expenses are paid by those who enjoyed the benefit of the capital item. A reserve study is a formal review of the capital items and related infrastructure of the HOA.…
There is no typical homeowner association irrigation system. Some homeowner associations will have systems at their front entrance. Others will have irrigation systems at their clubhouse and other common areas. Some homeowner associations even have their entire property covered by an irrigation system. Compounding this, there are different system configurations with different types of sprinkler…