Choosing a property management company is one of the most important decisions an HOA board will make. A good management company can help keep the community organized, maintain financial records, coordinate vendors, and improve communication with homeowners. On the other hand, choosing the wrong company—or signing a poorly written contract—can create years of frustration, unexpected…
Receiving a letter from your homeowners association (HOA) saying that the community’s insurance deductible has increased can be unsettling. If you’ve recently been informed that your HOA is raising its insurance deductible from a few thousand dollars to $15,000 or even more, you’re probably wondering how this affects you. Does it mean you’ll have to…
If you’ve been browsing real estate listings, you’ve probably experienced sticker shock after finding what seems like the perfect home—only to notice an HOA fee of $500, $700, or even over $1,000 per month. At first glance, it doesn’t seem to make sense. Why would a decades-old condo or townhouse have higher HOA fees than…
