Is Your HOA Cash Flow Negative? Here’s Are The Possible Issues
Negative HOA cash flow can trigger a domino effect in the community that ultimately results in resident dissatisfaction, diminished curb appeal, and lower property values. Board members must learn how to trace the causes of their cash flow issues and the possible measures to remedy them. What Causes a Negative HOA Cash Flow? In […]
What Is HOA Budget Variance? Tips On Budget Planning
An HOA budget variance may seem like a non-issue, but board members would be wise to monitor even the smallest of variances. Sometimes, seemingly insignificant gaps can signal a larger problem in the budget. Understanding what a variance is, how to compute it, and how to interpret it is crucial to successful financial planning. […]
What Is A HOA Loan? Will It Benefit The HOA’s Finances?
What is a HOA loan? For many association boards, taking out a loan is the first instinct when they run into funding problems. While loans can certainly address immediate needs, they are not always the right answer. It is imperative to understand how loans work and the requirements attached to them before making a decision. […]