Tag Archives: Policies

Prepping Your Home for Winter

Now that fall is here, it’s time to start thinking about prepping homes for winter. At first, it may seem like it’s too early, but then you realize that winter isn’t really that far away. The weather is already starting to cool, the leaves are changing color, and the harsh weather will be arriving soon. In order not to get caught off guard (and to avoid expensive repair bills), it’s time to start taking steps to prepare for the winter season.

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The Pros and Cons of Term Limits

shutterstock_188881994Should the community set term limits for board members? While most associations have given up on the idea these days, some states do still allow for communities to amend their bylaws to limit the number of consecutive terms a board member can serve. What are the pros and cons of adopting term limits? Are term limits something that your HOA should consider adopting?  Continue reading

Why Reserve Funds are Necessary

shutterstock_113313148No one likes to spend their hard-earned money on community association dues. Just like taxes, everyone complains about having to pay them and resents it when they go up. Sometimes an HOA will try to please their residents by avoiding fee increases and dipping into their reserve funds to cover a rise in costs. As attractive an option as this may seem, it is one that sacrifices long term planning for short term comfort. Not only that, but depleting the reserve fund in the name of saving residents money is often a road to costing them even more money when an emergency happens.  Continue reading