Funding strategy
How to move from underfunded to healthy: contribution planning, percent funded, and avoiding special assessments.
7 articles
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Jan 9, 2023
6 min
Intermediate
6 min
Intermediate
Contribution planning
5 Costly Mistakes that Board Members Should Avoid When Preparing the HOA Budget
So you’re getting ready to prepare your HOA’s budget. You and your fellow board members and homeowners are going to make big decisions that will affect the entire community. The budget preparation process can feel daunting and it is arguably the most important job of the HOA board. Budgets are more than just numbers…
Sep 29, 2022
5 min
Intermediate
5 min
Intermediate
Contribution planning
Funding for the Future: Why Financial Forecasting is Essential for HOAs
Dan Stondin CEO, homey.io On June 24, 2021, at approximately 1:22 in the morning, Champlain Towers South, a 12-story beachfront condominium in the Miami suburb of Surfside, Florida, collapsed. Ninety-eight people lost their lives. Only six years earlier, in Berkley, California, a balcony collapsed and killed six…
Jun 20, 2022
6 min
Intermediate
6 min
Intermediate
Contribution planning
A Board Member’s Guide to HOA Budget Planning
Preparing a budget for the new fiscal year can seem like a daunting task. Especially if you are a volunteer board member trying to find the time and the patience to put together your HOA budget. If you are struggling to get started with preparing your HOA budget, check out the tips in this article below! Budget…