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Understanding HOA finances: A practical guide for association managers

Buildium

One of the biggest responsibilities you’ll have as an association manager is keeping your HOA’s finances in good shape. In this guide, we give you the full HOA finances picture. What are HOA Finances? Finances are the backbone of any association, and managing them well is a large part of protecting a community’s longevity.

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HOA Transition Checklist: Onboarding The New HOA Board

HOA Managememt

The same goes for the governing documents, including the CC&Rs, bylaws, and operating rules. The incoming board should also receive the contact information of the association attorney. It is equally essential to ensure that all digital and physical records are updated.

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The Corporate Transparency Act – should your association wait to file a report?

Condo Control

The Corporate Transparency Act (CTA) aims to help detect and combat money laundering and terrorist finance, facilitate tracking money that has been sourced through criminal or terrorist activity, and safeguard national security and the U.S. The federal government appealed the decision​​​ on March 11. financial system.

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New 2025 condo and HOA laws for U.S. states

Condo Control

Owners living in California can elect directors and amend governing documents using electronic secret ballots as of January 1, 2025. Condos are eligible to receive commercial property-assessed financing HB2801 HD1 SD1 CD1 makes it possible for condominiums to receive commercial property-assessed financing.

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Scam Ahead

American Apartment Owners Association

Fundraising new debt was the company’s business,” an attorney representing some investors told a judge, the Seattle Times reported. Ponzi operators rope in even seasoned investors with promises of real property and guaranteed returns before cash vanishes, leaving victims’ finances devastated and diminishing trust in the industry.

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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Advertising to influence government legislation, however, is never deductible. Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business. Having property management software with accounting features can help you do that.

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Navigating the Landscape: Discover Multifamily Property for Sale with Expert Insights

American Apartment Owners Association

Financing Options Explore diverse financing avenues, including insights on how to buy a multifamily property with no money down, to kickstart your investment journey. Evaluate traditional financing methods, government-backed loans, and private lending options.

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