Studies show that there are a growing number of homeowners associations that ignore reserve funding requirements and as a result, fail to maintain the required level of reserve funds to properly maintain, repair, and replace common areas within the common interest community that the association is responsible for. Such a practice is a violation of the responsibilities of the board members who make the decisions for the association and will ultimately have considerable negative effects on the association.
Inadequate reserves are typically a result of several different causes, but in most instances the problem can be traced to poor decision making on the part of those who are responsible for the preparation of the associations annual budget. Maintaining a realistic budget each year is critical to the financial success of a homeowners association. An unrealistic budget will ultimately lead to improper use and depletion of necessary reserve funds, deterioration of property that is not properly maintained, unexpected needs for special assessments on homeowners, conflicts among homeowners and board members, and a decline in the desirability and value of the property that is in the affected development.

  • To continue reading, you must have a Subscription with HOA Member Services.
  • The full article is available to Subscribers via the Articles and Cases tab in the finance category. You can also view the full article by clicking here if you already have a Subscription – Please make sure to first log into your account.

Access to Featured Articlesis beneficial, educational, and will help enhance your HOA Experience

  • A Subscription with HOA Member Services will give you access to our complete library of Featured Articles and Case Decisions, as well as many other Subscriber benefits including personal support, state resources, forms, guides, and more! – View all benefits

Ready to get started? – Choose the “Subscribe Now” option below and start exploring the many great resources, information and educational opportunities available to Subscribers

Select Your Subscription Plan

We offer three different subscription plans to receive our valuable HOA related educational information and resources – Basic Subscription, Standard Subscription, & Premium Subscription. Each plan provides unique and valuablebenefits for homeowners, association directors,management personnel, vendors, and service providers. A detailed explanation of each of the benefits is set forth below the following pricing table.

Our Plans

We offer three different subscription plans to receive our valuable HOA related educational information and resources – Basic Subscription, Standard Subscription, & Premium Subscription. Each plan provides unique and valuablebenefits for homeowners, association directors,management personnel, vendors, and service providers. A detailed explanation of each of the benefits is set forth below the following pricing table.

The Core Package
Subscriber Only Articles & Cases
Subscriber Only Resources
Subscriber Only Mailings
Subscriber Monthly Newsletter
Free Copy of HOA Living

The Core Package
Subscriber Only Articles & Cases
Subscriber Only Resources
Subscriber Only Mailings
Subscriber Monthly Newsletter
Free Copy of HOA Living
AND
Personal Support
25% Discount on Download Forms

The Core Package
Subscriber Only Articles & Cases
Subscriber Only Resources
Subscriber Only Mailings
Subscriber Monthly Newsletter
Free Copy of HOA Living
AND
Personal Support
Free UnlimitedDownload Forms
Free Additional Accounts

Unrestricted Access to Library of Educational Articles
Unrestricted Access to Library of Relevant Court Case Decisions
Over 300 Published Articles and Cases! – And Growing
View All Articles and Cases
Unrestricted Access to Library of HOA Operational Forms and Learning Guides
Easy Access to State Statutes
Direct Links to Important Government Agency Websites
Direct Links to Frequently Used Vendors and ServiceProviders
Subscriber Only Notifications of Important HOA Information
Subscriber Only Monthly Newsletter
Free Educational Guide – HOA Living ($14.99 Value)
View Preview of HOA Living

Unrestricted Access to Library of Educational Articles
Unrestricted Access to Library of Relevant Court Case Decisions
Over 300 Published Articles and Cases! And Growing
View All Articles and Cases
Unrestricted Access to Library of HOA Operational Forms and Learning Guides
Easy Access to State Statutes
Direct Links to Important Government Agency Websites
Direct Links to Frequently Used Vendors and Services Providers
Subscriber Only Notifications of Important HOA Information
Subscriber Only Monthly Newsletter
Free Educational Guide- HOA LIVING ($14.99 Value)
View Preview of HOA Living
Individualized Personal Support
View Support Ticket Information
25% Discount on HOA Forms
Over 150 Forms Available – View All HOA Forms
25% Discount on Condensed State Statutes
25% Discount on Educational “How-To” Guides
View All “How-To” Guides

Unrestricted Access to Library of Educational Articles
Unrestricted Access to Library of Relevant Court Case Decisions
Over 300 Published Articles and Cases! And Growing
View All Articles and Cases
Unrestricted Access to Library of HOA Operational Forms and Learning Guides
Easy Access to State Statutes
Direct Links to Important Government Agency Websites
Direct Links to Frequently Used Vendors and Service Providers
Subscriber Only Notifications of Important HOA Information
Subscriber Only Monthly Newsletter
FreeEducational Guide- HOA LIVING ($14.99 Value)
View Preview of HOA Living
Individualized Personal Support
View Support Ticket Information
FREE UnlimitedHOA Forms
Over 150 Forms Available View All HOA Forms
FREE Unlimited Condensed State Statutes
FREE UnlimitedEducational “How-To” Guides
View All How-To Guides
FREE Additional Profiles for All Board Members & Managers

Features and Benefits

Features

 
 

Benefits

Unrestricted Access to Library of Educational Articles

Subscribers have unrestricted 24/7 access to our extensive library of educational articles that are conveniently organized by subject matter topics. Descriptive words can be searched by subscribers to quickly locate articles that pertain to a desired topic of interest. Relevant forms and learning guides relating to the subject of an article are linked to the article.

Unrestricted Access to Library of Relevant Court Case Decisions

Subscribers have unrestricted 24/7 access to our extensive library of court case decisions that are conveniently organized by subject matter topics. Descriptive words can be searched by subscribers to quickly locate case decisions that pertain to a desired topic of interest. Each decision has a summary prepared by an attorney that has reviewed the decision along with a link to the full case decision rendered by the court.

Unrestricted Access to Library of HOA Operational Forms and Learning Guides

Subscribers have unrestricted 24/7 access to our extensive library of HOA operational forms and learning guides that are conveniently organized by subject matter topics. Descriptive words can be searched by subscribers to quickly locate forms and guides that pertain to a desired topic of interest. In addition to generic forms that can be used statewide, there are state specific forms, all of which can be downloaded in PDF format and easily completed as needed by the subscriber.

Easy Access to State Statutes

Subscribers can easily access the laws of every state which apply to condominiums, homeowners associations, common interest developments, and nonprofit corporations. Many of these statutes are also available in the form of a condensed booklet that can be downloaded by subscribers.

Direct Links to Important Governmental Agency Websites

Subscribers will benefit from the direct links to governmental agencies in each state that provide important information relative to vendors and service providers concerning licensing, insurance, and the status of business entities.

Direct Links toFrequently used Vendors and Service Providers

Subscribers will benefit from direct links to businesses that provide products and services that are frequently utilized by homeowners associations and their members.

Subscriber Only Notifications of Important HOA Information

Subscribers receive personalized email notifications of new articles, case decisions, and otherimortant HOA relatedinformation that is posted on the HOA Member Services website.

Subscriber Only Monthly Newsletter

Subscribers receive our virtual email monthly newsletter that contains featured articles written by HOA industry experts, popular HOA operational tips, and other important HOA related news and information.

Free Educational Guide- HOA Living ($14.99 Value)

Subscribers receive a free downloadable copy of our informative educational guide entitled, “HOA Living” – a $14.99 value.

25% Discount on HOA Forms, Learning Guides, and Condensed Statutes

Subscribers to our Standard Plan receive a 25% discount on the cost of all downloadable forms, learning guides, and state statute booklets.

100% Discount=FREE HOA Forms, Learning Guides, and Condensed Statutes

Subscribers to our Premium Plan receive unlimited free downloadable HOA operational forms, learning guides, and state statute booklets.

Individualized Personal Support

Subscribers to our Standard and Premium Plansreceive FREE Individualized Personal Support through the submission of request forms transmitted via email.

Includes ALL Board Members

Homeowners association subscribers to our Premium Plan can add individual directorsto their subscription atno additional charge.