Category: Finance

Finance A female and a male hands holding a large bright light bulb and a dollar sign made of many money bills. Money and wealth. Profitable ideas. Financial streak.
Winter 2024 Understanding Your Monthly Financial Information

Congratulations—you’ve just been elected to your HOA’s board of directors, and given your first monthly financial packet. Maybe your first thought is, “This is all so confusing—thank goodness I’m not the treasurer, and don’t have to underst…

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Finance Project cost estimation, calculate budget or resources to finish work, financial plan, invoice or tax, expense or loan concept, businesswoman with calculator estimate cost from project document.
Understanding Your Monthly Financial Information

Congratulations! You’ve just been elected to the board of directors, and given your first monthly financial packet. Like many new board members, your first thought may be, “This is so confusing. Glad I’m not the treasurer - I don’t have to …

Read More
Finance Businessman attracting money with a horseshoe magnet concept for business success, strategy or greed
2023 Summer The Collections Process

Cash flow is the lifeblood of any multifamily residential community, be it a rental building, co-op, condo, or HOA. However, because the latter three are nonprofit entities, maintaining consistent cash flow is even more critical to their he…

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Finance Washington DC, USA - July 3, 2017: Federal Trade Commission and Housing Finance Agency seals in downtown with closeup of sign and logo
Is Your Condo on Fannie Mae’s Blacklist?

As has been widely reported lately, Fannie Mae, which is under the conservatorship of the Federal Housing Finance Agency (FHFA) has developed a secret blacklist of condominiums, HOAs and co-ops that are ineligible for “conventional financin…

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Finance Bag with dollar symbol and protection shield. Concept security of money, guaranteed deposits. Client rights protection. Compensation for losses in inflation, safeguarded investment capital.
Fall 2022 Safeguarding Your Reserves

In our current environment of steeply rising costs, it’s more important than ever to safeguard your reserves to ensure that your association has sufficient funds available for immediate and future capital projects. Unfortunately, many assoc…

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Finance The white seal and red imprint with text PAST DUE on white surface. 3D illustration
Collecting Delinquent Common Charges

A recent article on a real estate website posed a common question: What’s the best way for a condo board to collect unpaid common charges?  The author of the article - presumably an attorney - gave some pretty good advice…and some not so g…

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Finance Arrow with dollar bills pointing up. Concept shot for currency exchange rate going up, inflation, economic boom
As Costs Rise, So Do Carrying Charges

The Community Associations Institute (CAI) estimates that 74 million Americans live in communities managed by homeowners associations, of which condos account for 35% to 40%. That’s a lot of people - many of whom may be in for a nasty shock…

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Finance Arrow with dollar bills pointing up. Concept shot for currency exchange rate going up, inflation, economic boom
As Costs Rise, So Do Carrying Charges

The Community Associations Institute (CAI) estimates that 74 million Americans live in communities managed by homeowners associations, of which condos account for 35% to 40%. That’s a lot of people - many of whom may be in for a nasty shock…

Read More
Finance A Day Late, a Dollar Short
A Day Late, a Dollar Short

In a world where the cost of services and goods are generally rising, even in the absence of any substantive inflation, co-op and condominium boards and management are always looking for ways to hold the line on increasing monthly costs.  T…

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Finance Anatomy of a Condo Loan
Anatomy of a Condo Loan

As we’ve reported in previous articles, special assessments are not the only tool condo associations and HOAs have to finance common area improvements and major repairs when needed; there are also loans available in the marketplace to help …

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