Preparing an HOA budget is about more than making next year’s income equal next year’s expenses. A responsible budget should cover the association’s expected operating costs, prepare for major repairs and provide the board with enough flexibility to respond when...
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Every self-managed HOA board starts the same way: a handful of neighbors who volunteer because someone has to (or because nobody else will), and because hiring a management company feels like an expense the community doesn't need yet. For a while, it works. Then, almost witho...
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