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

Condo Control

If there are insufficient funds in the reserve to cover the cost of repairs, the bill authorizes an association to obtain competitive financing to commence repairs or replacements without a vote, and to levy an emergency assessment to repay the loan if certain conditions are met. The bill does not apply to condominiums or cooperatives.

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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business. You have to keep your money separate from your owners, and youll need a trust account to handle tenants security deposits, all of which is regulated by the state in which you operate.

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Building Your Colorado Springs Dream Team: Essential Professionals for Investors

Muldoon Associates

Lenders facilitate access to various financing options that cater to different investment strategies and property types. They can help you understand the terms, interest rates, and repayment schedules of each option, ensuring that you choose the most advantageous and sustainable financing method.

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Making Money in Multifamily: Tips and Tricks for Smart Investors

American Apartment Owners Association

LEARN MORE Leveraging Technology In today’s digital age, technology can streamline property management make sure to hire a PM that uses Tech to your advantage: Property Management Software: Use software to keep track of finances, lease agreements, and maintenance requests efficiently.

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Dealing with Difficult Tenants: When and How to Enforce Eviction Procedures

Real Property Management Evertrust

When to Enforce Eviction Procedures Eviction is a last resort, but sometimes it’s necessary to protect your property and finances. Review Local Laws Eviction laws vary by state and locality, so it’s essential to understand the specific regulations in your area. Stay calm, communicate clearly, and follow the terms of your lease.

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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.