HOA Finances: Best Practices for Getting Your Homeowners Association through Difficult Economic Times

HOA Finances:
Best Practices for Getting Your Homeowners Association through Difficult Economic Times

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This report was created to help you make smart decisions that will in turn help your HOA weather any financial storm. We've spoken to leading condominium and homeowner association advisors across the country and distilled their recommendations down into practical, plain-English suggestions for what you can do now to best position your association for financial stability. Times are tough, but the good news is there are steps you can take today that will help.

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HOA Finances:
Best Practices for Getting Your Homeowners Association through Difficult Economic Times

Table of Contents

Can You Sell Common Areas To Generate Revenue?
Can Your Homeowner Association Purchase Distressed Units?
Should Your HOA Hire a Collection Company?
Cleaning Up Vacant Properties in Your HOA
5 Ways To Trim Your HOA's Budget Today
What To Do When Owners Go Bankrupt
6 Critical Moves for Smart HOA Management in Today's Economy
7 Keys To Collecting Assessments in Today's Economy
Sample Homeowners Association Delinquency Policy

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We at HOAleader.com believe that well run homeowner associations greatly improve the quality of life for association residents, and for the greater communities of which they are a part. If you're reading this, you probably agree.

HOAleader.com was created to support the dedicated people, like you, who work to realize the potential of their association—board and committee members, property managers, attorneys, financial professionals, insurance professionals, developers, vendors, and homeowners.

We understand the challenges you face every day, whether your association is made up of single family homes, multi-family homes, condominiums, or co-operatives, whether your association has five units or five thousand.

When you join HOAleader.com, you'll discover legal compliance help, advice on best practices, and practical tips, tools and sample forms—all in clear, plain-English.

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