Homeowners Associations (HOAs) play a crucial role in maintaining and enhancing property values within communities. A key aspect of HOA management is financial planning, particularly the establishment and maintenance of reserve funds. At National Property Management...
Homeowner Associations in Santa Clarita can involve lots of reports. Here are 6 financial reports that you need to know if you are part of a Santa Clarita HOA. Balance Sheet Your balance sheet consists of assets: Cash Accounts (as in your bank accounts) – You want...
In many cases, the reserve funds are misunderstood by the members of the homeowners association, as well as the members of the Board. There are some that view the funds as a type of rainy day fund that can be used if the HOA runs low in funds, while others understand...