PropFusion Blog

Managing an HOA comes with its share of financial responsibilities, one of the most critical being the maintenance of a healthy reserve fund. Many board members face challenges in determining how much should ideally be kept in these reserves to cover unexpected or substantial expenses down the line.

Crafting the perfect HOA budget often feels like a tightrope walk. Board members strive to balance costs without tipping over into financial instability. One key fact stands tall - making conservative projections is foundational in effective HOA budgeting, given the unpredictable nature of expenses.

Keeping up with maintenance in a facility or community can feel like a never-ending task. Often, repairs and regular upkeep get pushed back—leading to what's known as deferred maintenance.

Deciding on the right amount for an HOA to hold in reserve funds can be tricky. Many boards struggle with finding that sweet spot—too little and they risk not covering future expenses, too much and they may overburden homeowners with fees.

Managing finances in a homeowners association (HOA) often feels like walking a tightrope. You need enough money saved for emergencies and future repairs, but figuring out just how much is enough can be tricky.

Managing a homeowners association (HOA) involves many tasks, but one of the most critical is ensuring financial health through reserve studies. Many board members find themselves puzzled by what this financial tool actually entails and its significance for their community.

As a board member of an HOA or condominium association, ensuring the financial stability and longevity of your community's shared assets is a great responsibility.