Remove Compliance Remove Contractors Remove Government
article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Advertising to influence government legislation, however, is never deductible. Employees and Contractors If you hire one or more employees, your payroll, as well as costs such as health insurance and other benefits are fully deductible. When you hire an independent contractor, that cost is deductible, too.

article thumbnail

The Top 10 Mistakes Colorado Springs Property Owners Make (And How to Avoid Them)

Muldoon Associates

Ignoring Maintenance Issues There are so many mistakes that can be made with maintenance, from ignoring preventative services to hiring the wrong vendors and contractors. Fair housing, habitability standards, eviction procedures, and security deposit returns are all governed by state and federal laws. Consulting Experts.

article thumbnail

Roles and responsibilities of condo boards vs. property managers: Key differences

MRI Software

households living in communities governed by condo associations, their efficiency directly impacts resident satisfaction and property value​. One of their main tasks is setting bylaws and ensuring compliance. The board is also responsible for hiring and managing external contractors for maintenance and repairs.

article thumbnail

HOA Electric Car Charging Policy: Why Have One?

Mem Property Management

In this article: The Importance of an HOA Electric Car Charging Policy Understand Your Governing Documents Who Pays for Electric Car Charging Stations? As a result, these communities lack the guidance and provisions they require to govern the installation and management of charging stations.

article thumbnail

Maximizing Rental Property ROI with Property Management in Dublin, Ohio

RL Property Management

From rent collection to legal compliance and maintenance, property management services free up your time and energy while ensuring your property remains profitable. They also respond promptly to tenant repair requests, coordinating with licensed and insured contractors to resolve issues quickly.