Category: Budget & Finance

Key Tips to Help Avoid Costly Fraud Attempts

This article courtesy of Nicole Skaro, CMCA, EBP, CIT – a Division of First Citizens Bank, Community Association Banking Division (CAB) Unfortunately, HOA fraud is a reality – and many of us …

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8 Fraud Facts Every Association Needs to Know

Be Fraud Aware to Protect Your HOA This article courtesy of Truist The threats of fraud and cybercrime picked up speed during the pandemic. Over the past two years, technology tools allowed …

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Coverage Snapshot: Directors & Officers Liability

This article is courtesy of JGS Insurance, A Baldwin Risk Partner You’ve probably heard the term Directors and Officers Liability or D&O, but what exactly is it and why is it important …

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Budgeting For The New Normal

For condo boards, this is a turbulent and challenging time. Projects were put off last year due to the pandemic, so the specter of deferred maintenance is real. But finding someone to do the work, at a reasonable price, is nearly impossible. As a result, it’s time to rethink your budgeting processes and adjust to this “new normal.”

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It Was The Worst of Times: Community Association Budgets During Covid-19

Ah, fall… the weather grows colder, school is back in session (virtually for some), the Phillies’ bullpen has its normal late September swoon, and community associations across the Delaware Valley start working …

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Best Practices For Navigating HOA Finances in Times of Uncertainty

As an HOA Board Member, how do you think about long term financial planning in times of great uncertainty? Never forget you are in essence operating a small municipality when running an …

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Covid-19, Banks, and Remote

COVID-19, BANKS, AND “REMOTE?”… WE’RE THERE ALREADY Prompted by the discussion last Wednesday morning about being “remote” during the “Spill the Beans” Business Partners Coffee Break, one of the topics of conversation …

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Community Association Loans: What? Why? & How?

Capital improvements in community associations are always needed.  These include but not limited to roof replacements, balconies, sidewalks, pools, HVAC systems, etc.  Most communities conduct reserve studies to assess the replacement costs …

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So, You Want to be an Association Treasurer?

So, You Want To Be an Association Treasurer? Please note: This blog article originally appeared on the Acri Community Realty Blog and is shared with permission of Acri Community Realty. For more …

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No Right to Withhold Assessment Payments

Unit owners occasionally threaten to “escrow” assessments, and wrongfully assume that if they are not satisfied with the board’s maintenance, repair, replacement, governance, management, or operation of the association, they are entitled …

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