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What Happens To An HOA With No Board?

HOA Managememt

They can also plan training sessions and educational seminars to help equip new board members. Without an HOA board, these tasks would fall by the wayside. Additionally, an HOA management company can help attract interest in board membership. The HOA manager can set up initiatives and programs to entice owners into joining the board.

Education 247
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Managing HOA Reserve Funds: Best Practices For Board Members

HOA Managememt

Anything lower raises concerns about financial risk and may limit access to loans or insurance. Remember to also consider state laws regarding how reserve funds must be held, including FDIC insurance requirements and investment limitations. Use FDIC-insured accounts or government-backed instruments.

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Important Factors for Real Estate Investing

Nest DC

Legal and Regulatory Compliance Compliance with local, state, and federal laws is essential to protect your investment and avoid legal issues. Property Inspections: Regular property inspections help ensure compliance with safety and habitability standards. We highly recommend becoming a NARPM member.