Misconceptions about HOA dues abound. Even Floridians who have lived in HOA communities for years still hang on to ill-conceived ideas about assessment increases. Whether you’re addressing long-standing members of the community or new unit owners who just closed...
If there’s one area sure to stir up a heated conversation within Florida HOA communities, it’s a discussion of dues and assessments. While we all want nice services and amenities, none of us wants our costs to rise. But at a certain point, the rubber will meet the...
Condo associations in Miami-Dade must have a hurricane action plan, but they should also have a broader emergency response plan (ERP) at the ready. If you don’t have an updated emergency plan as part of your HOA’s policies and procedures, get started on one now. Here...
Here in Florida, when we think of natural disasters, we think of hurricanes, but there are many circumstances in which your condo association needs to be prepared. Making an emergency response plan (ERP) and budging appropriately for it is a best practice all Miami...
Keeping an emergency fund adequately supplied is a best practice for all homeowners, and the same is true for condo associations. Although an HOA’s reserve funds only go toward the repair and replacement of common elements rather than individual upgrades, their...
Ending the fiscal year on a high note with surplus funds in your budget can be a positive situation for your Florida condo association. Though it may sound increasingly rare, it does happen, and your board of directors needs to know what to do if such a situation were...
