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HOA Candidate Qualifications: Not Everyone Can Run For Position

HOA Managememt

Usually, these qualifications are listed in governing documents. Vendor or contractor relationship: To avoid any conflict of interest, HOAs disqualify homeowners affiliated with vendors. However, this depends on what’s stipulated in the governing documents and board policy. This means renters or family members can’t do so.

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How to conduct an HOA reserve study: A guide for community managers

Buildium

But, no matter what you spend, it will typically cost less and be less stressful than unexpected maintenance, compliance, or financial forecasting issues down the road. If not, you can ask your reserve study professional or a licensed contractor to provide you with estimates.

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Are Housing Societies Taxable? Income Tax Rules Every RWA and Apartment Association Must Know

ADDA

Monthly maintenance and service fees are paid by members. TDS on payments to contractors and professionals If a RWA pays a professional more than ₹30,000 or a contractor more than ₹30,000 (in one payment) or ₹1 lakh (in a year), TDS must be withheld under Sections 194C and 194J, respectively.

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HOA Summer Preparation Checklist: Getting Ready For Warmer Months

HOA Managememt

HOA Summer Preparation: 11 Things to Do From maintenance works to managing financials and documents, here are 11 things that you need to include in your to-do list for the warmer months. For communities with common buildings or systems, proactive HVAC maintenance is a must.

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HOA Meeting Minutes Mistakes: Bad Practices To Avoid

HOA Managememt

Avoid doing this: (No mention of homeowner concerns in the minutes) Instead, write this as the entry: “Three homeowners expressed concerns about landscaping maintenance. Here’s a bad example: “Board Member A said, ‘I dont trust that contractor,’ and Board Member B responded, ‘Thats ridiculous.’

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Reducing Vacancy Rates in California: Proven Strategies

Real Property Management Choice

Schedule and complete the repairs and the maintenance first, and think about the sorts of updates and upgrades that might attract tenants. You can put together a great list of vendors and contractors for when maintenance is needed. Showing a home with a broken window or old appliances is pointless. Offering upgrades and updates.

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6 Ways to elevate your FM team from support function to business partner

MRI Software

By implementing a data governance strategy, FM teams can gather, analyze, and leverage data to make informed decisions, and pave the way for effective use of AI technologies that can provide even greater insights. – Survey respondent Facilities Managers dont always spend their entire day monitoring equipment or performing maintenance.