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A Case for a D&O Policy: Why Getting One is Smart, And Tips for Choosing a Policy

HOA Board MemberBy admin February 13, 2017

Why You Need a D&O Policy

One of the most important things that a community association can do to protect itself and those on the association board is to invest in a directors and officers liability insurance policy commonly known as a D&O. Some associations make the mistake of not investing in this type of insurance, thinking that their community and board is like family and will never face these types of problems. However, this can be a grievous mistake to make. Associations should always be prepared for these situations should they occur.

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What To Do When It’s Tax Time for Your Community Association

UncategorizedBy admin February 7, 2017

It’s that time of year again. Tax time. And your Not-For-Profit Organization is no exception. Not-For-Profit organizations are considered a business and therefore obligated to file taxes like any other corporation. You can contact a Certified Public Accountant (CPA) or do it yourself. The process is simple and takes a little time if you’ve kept good records of your finances.

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Budgeting for Your HOA’s Future

HOA Budget, UncategorizedBy admin January 16, 2017

A new year has arrived, which means it is time for homeowners association (HOA) boards to start planning the annual budget. This process is complex and requires a great deal of analysis. Nine steps to make budgeting

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How To Make Your HOA Even Better

HOA CommunityBy admin January 9, 2017

There’s no doubt alway a lot going on in your homeowners association each year, from projects, to social events to regular maintenance and inspections. Plus, there are newsletters to send out, the website to keep up-to-date, committees to manage, and don’t forget managing the landscaping, the budget, elections… the list goes on and on. Sometimes…

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When a Loan Might Be a Good Choice for Your HOA

UncategorizedBy admin January 5, 2017

If your HOA board is planning a big project and looking at your financing options, what do you do if the reserves and operating budgets don’t cover the full cost? Your options could include special assessments, dividing up the project over a few years, or getting a loan. Getting a loan might seem like a…

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How to make the holidays easier in your HOA

UncategorizedBy admin December 20, 2016

Most of us have a lot things we love about the holiday season: more time with family and friends, time off work, gift exchanges, and cozy fires. If you live in a planned community or association, there are community events to look forward to.

However, if you’re on an association’s board of directors, you’re also likely facing a lot of work during the holiday time since you’re the ones planning the parties, putting up and managing rules for decorations, and and making sure all work is soon enough so you can enjoy

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How Will the New Overtime Rule Impact Charlotte-Area HOAs?

UncategorizedBy admin October 21, 2016

If your homeowners association currently people in any capacity, including for maintenance or HOA management reasons, you’ll be impacted by the new Fair Labor Standards Act (FLSA) overtime rule that will be going into effect on December 1st, 2016. If you have questions or are unsure of exactly how the new rule will impact your association, this article…

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3 Ways HOA Management is Changing With the Times

HOA ManagementBy admin October 14, 2016

While there are some ways HOA management will always remain the same, the rise of technology and online communities in the last several years is changing certain processes for how HOA management companies can increase the quality of homeowners associations. Here are three big ways you can expect property management to change and ways Cedar Management Group is…

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How to Get the Votes You Need During HOA Meetings

HOA Board MemberBy admin October 7, 2016

For most HOAs, this is the time of year for budget review and meetings. Maybe important changes are being made regarding CC&Rs that you need passed or you need to get a new board member elected. No matter what it is, it’s important to collect enough votes to get these things accomplished. So, how do…

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Should Your Condo Association Offer Short-Term Rentals?

HOA CommunityBy admin September 30, 2016

Things are being changed around in the condo association industry now that we have services like Airbnb that offer short-term rentals. With these types of platforms, it’s fairly easy for property owners to rent out their spaces to travelers who are looking for a short-term place to stay. This can be a problem because in…

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