Remove townhomes-hoas
article thumbnail

Proposed NC Law Changing Declaration Amendments Would Harm Associations and Owners

AMG

As described in my recent NC Community Association Legislative Update , an HOA/condo bill moving through the NC General Assembly is Senate Bill 553/House Bill 551 “Landlord/Tenant and HOA Changes.” We have assisted many older condos or townhomes where the association’s insurance has simply become unaffordable.

Proposal 105
article thumbnail

The Role of an HOA Management Company: A Comprehensive Guide

AMG

Many Americans live in common-interest communities, such as homeowner’s associations (HOAs) and condominium associations. In fact, in 2022, about 26% of Americans lived in HOAs alone. Your community may need an HOA management company to reach its full potential. But what are HOA management companies, and what do they do?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Is Your Community Association at Risk for Fraud? (IL)

Community Associations Network

Condominium, homeowner (HOA), and townhome community associations are not immune from fraud. Recently in the news, multiple members of a homeowner’s association were arrested for suspected theft, money-laundering, and other charges.

article thumbnail

HOA Reserve Expenses: What Gets Funded with Reserves

Association Reserves

For the HOA board members striving to master the intricacies of reserve expenses, let’s dive into the guiding forces behind it. So, let’s take this journey guided by the very principles that define your HOA’s reserves. The Role of Your HOA Reserve Study Reserve studies are pivotal. Talk to a Reserve Study Specialist!

Cost 52
article thumbnail

Why Hiring a Community Management Company for Your HOA Will Save You Time & Money?

AMG

Managing your HOA can be a strain on your time and money. Because most HOA boards are run by volunteers, it can be hard to find the time to get everything done efficiently. Hiring a community management company can be one of the most important things you do for your HOA. It takes money to perform all of these tasks as well.

Raleigh 52
article thumbnail

Should You Compare HOA Assessments To Other Communities?

HOA Strategies

As a management company, when budget season rolls around every year we get board members asking us, “Can we compare HOA assessments to what other communities are charging?” Here’s why: Monthly assessments are arguably the most troublesome part of running an HOA or condo association.

Price 52
article thumbnail

The Top 8 Ways a Property Management Company Will Make Your Life Easier

AMG

Condominium associations, townhome HOAs, homeowner associations , life style communities , lake management, and office or retail spaces could all use property management. Property management companies can be a big help no matter what type of community you live in.