March 21, 2016 Margo Crummack CEO/Principal Education
I get this question often and I always start my answer with the most important fact: fines are not a money-making opportunity for an HOA.
February 17, 2016 Margo Crummack CEO/Principal Education
When some people think about reserve funds they sometimes think, “Why can’t we wait until something needs fixing, is broken, etc...” But reserve funds are an HOA’s version of a rainy-day account, even when the rain is not to blame.
February 15, 2016 Margo Crummack CEO/Principal Education
It’s easy to get confused about Bylaws and CC&Rs. They are both rules, so to speak, by which the HOA Board and Corporation of your community governs itself. But a clear difference is who the rules are governed for, and how they are applied.
January 19, 2016 Education
Each homeowner’s association has specific tax reporting and filing requirements. In order to maximize efficiency, the HOA board should contact your Association’s accounting professional for details. For your convenience, here is a summary of California HOA tax return deadlines.
January 9, 2016 Margo Crummack, CCAM, PCAM CO-FOUNDER, Co-Principal, CEO Education
I grew up taking road trips with my family every Summer. We would all load into our Ford LTD station wagon with the trailer hitched up and then headed off! I’d often ask where we were going. My Dad would show me a map and walk me through each destination, how long it would take to get to each location, and our activities once there.
November 30, 2015 By Patrick Prendiville, CIRMS Prendiville Insurance Agency Education
Water damage insurance claims are by far the most common made by homeowners, when compared to other perils such as fire or theft. With El Niño making its appearance this year, it’s important to understand that, although Crummack Huseby covers El Niño claims very effectively, it’s only part of the story when it comes to water. Policyholders need to know exactly what their homeowner or condo insurance policies may cover.
November 30, 2015 Karen A. Kannen Education
California’s drought has caused us to reconsider how we utilize our water. Whether we install a desert garden or neglect our grass, those actions are saving resources. In order to honor Gov. Jerry Brown’s state of emergency declaration, new legislation has passed to protect the decisions we make about our home. Know your rights from the environmental and drought legislation detailed in the Drought and Environmental Legislation (C0042668xDB712)
October 16, 2015 CH Site Administrator Education
HOA board meetings should be positive and productive and in most cases, conducted in two hours or less. Below are some tips for running an effective board meeting and get back on track toward achieving your mission.
August 20, 2014 Steven J. Tinnelly, Esq. of Tinnelly Law Group, PC Education
Assessment collection is one of the more confusing aspects of an association’s operations, especially when trying to understand whether your association should use non-judicial or judicial foreclosure in its assessment collection efforts. Assessment collection firms provide a wealth of information and articles highlighting the advantages of their preferred foreclosure process compared to the disadvantages of the other. However, it is rare that an association manager or board will have access to unbiased information discussing some of the primary advantages and disadvantages associated with each process and how they may be impacted by certain economic factors.
August 15, 2014 Sean Erik Andersen, RS, Association Reserves - Orange County Education
The simple answer to this question is, "Yes, you should!" The role of a board member is to maintain, protect, and enhance the assets of the association. Typically, the most significant assets and related expenses of an association are those identified within a Reserve Study. To be an effective document for planning, communication and disclosure, it is essential that the data within the Reserve Study be both accurate and current. But please read the reasons behind this answer.