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HOA Meeting Minutes Mistakes: Bad Practices To Avoid

HOA Managememt

Here’s a bad example: “Board Member A said, ‘I dont trust that contractor,’ and Board Member B responded, ‘Thats ridiculous.’ ” Here’s the correct approach: “The board discussed concerns about the contractors performance and considered alternative options.”

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HOA Summer Preparation Checklist: Getting Ready For Warmer Months

HOA Managememt

Service should include: Cleaning vents and ducts Replacing air filters Checking refrigerant levels Testing thermostat settings Inspecting for leaks or worn components For communities where individual homes manage their own HVAC systems, board members can still share seasonal reminders or contractor recommendations with residents.

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Property management accounting essentials: 6 must-have software features

Buildium

2: General Ledger Accounting Track your company financials with the same accuracy and efficiency that governs all other parts of your business. You’ll be prompted with suggestion on how to match up data and will even be notified in the rare event that a match cannot be found.

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Average Rent In Northern Virginia: Costs & Fees Explained

Bay Property Management Group

So, many people in cities like Arlington, Fairfax, and Alexandria work for federal agencies or government contractors. Then, around October , government agencies and contractors often start new projects since the federal fiscal year begins. Economic Conditions As you can imagine, the Washington, D.C.

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HOA Collection Laws In The U.S. (50 States) For Fair Debt Collection

HOA Managememt

No specific federal law governs collection practices specifically for HOA communities. Most debt collection practices are governed by state law, and your specific homeowner’s associations governing documents tackle the process. In a nutshell, this law governs how these agencies should collect debt and unpaid dues.

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Run better HOA board meetings: Tips and tools for association managers

Buildium

As the governing body, the board is responsible for making decisions that uphold the community’s governing documents, maintain financial stability, and address homeowner concerns. These materials may include financial reports, proposed budgets, contractor bids, and correspondence from homeowners.

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1099 forms for property management: Everything you need to know (2024 update)

Buildium

Property managers are required to request a W-9 from and issue a 1099-MISC form to each owner, attorney, and contractor they work with, so long as payments meet or exceed the $600 threshold. The W-9 form will give you their filing status and federal tax ID, so you can file your 1099-MISC forms accurately when the time comes.