HOA and Condo Reserve Planning: Why Every Board Must Prioritize It
What Are HOA and Condo Reserves? HOA and condo reserves are funds set aside for the repair and replacement of major community assets like roofs, elevators, HVAC systems, parking lots, and pools. These are not everyday maintenance costs, but large, predictable expenses that will eventually come due. Without a reserve plan, Boards risk financial stress, […]
When a Board Member Steps Down: What Happens Next?
Board member resignations happen for many reasons – personal obligations, professional commitments, or simply the natural end of a volunteer’s service. While it may feel like a sudden disruption, the good news is that your association doesn’t have to lose momentum. With the right steps, your Board can transition smoothly and continue serving the community […]
Budget Training for Beginners
Budgeting is one of the most critical—and often most daunting—tasks boards face each year. CAMbrands recommends the video “Preparing Budgets for Your HOA” by CAMS Training as an excellent resource to guide board members through the process with clarity and confidence. From the outset, the video reframes budgeting as a strategic tool, not just line items and […]