The HOA’s board is usually responsible for the organization’s finances and it oversees the collection and management of funds. Along with setting dues and assessments, the board can slap fines on homeowners who break the rules or damage the common areas. HOAs can also place alienon a prope...
The financial responsibilities of HOA boards are far-reaching and wide. While some of these responsibilities are obvious, others may surprise you. Let’s break down the many financial duties you, as a board member, must fulfill. Remember These Financial Responsibilities of HOA Boards As a member...
How an HOA Works A board of directors is responsible for the operations of an HOA. Newer communities may still have boards controlled by builders and developers. Board members are volunteers who work to enforce governing documents, manage financial aspects, and maintain common areas. Essentially the...
HOA board members are given the authority to fulfill their duties and responsibilities. In exchange, they accept a fiduciary duty on behalf of the homeowners. As fiduciaries, board members have a legal duty to promote the wellbeing of the association, make sound and informed decisions, and act...
Your Fiduciary Duties: A Practical Guide for Condo and HOA Board Members Special Report Thank you for taking on a leadership role in your condo or HOA. It's a big job that has the potential to truly benefit your community. And it carries a lot of responsibilities—including legal responsibil...
Volunteer for the HOA Board! The Reserve HOA is looking for a volunteer to serve as Secretary starting in 2024. Duties are very manageable (one meeting/month) and fun -- it's a great way to keep on top of neighborhood news and developments. NO experience necessary! To learn more please...
Board Members Govern your association with confidence Lead your community With AppFolio's HOA management software you can confidently lead your community and complete all of your association duties from anywhere, on any device, so you can: Stay in the loop on decisions and carry out approvals...
1. Adopt a “code of conduct” for the Board. This document, signed by each Board member, sets the standard of what the appropriate tone of discussions will be in meetings; reminds everyone to mutually respect differing viewpoints; commits Board members to fulfill their duties and assignments;...
Board member Owner Security executive Developer Resident Use Cases Property management can bechallenging and time-consuming Our data-driven system empowers and helps you identify and organize around critical areas. Learn more Improving communication ...
Property managers tend to have a variety of duties, serving as customer service professionals and advisers to the board, as well as monitoring the condition and operation of the community. This may include helping the board prioritize possible expenses and dealing with financial questions, assessing ...