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Budget Preparation Tips – Article by Neighborhoodlink.com

Posted by AmberPM on October 21, 2011 · Leave a Comment

In order to operate a successful community association, foundation community, or development community there are many important facets of association governance that must be understood and implemented by its board of directors. One of the most important is the budgeting process. See: Six Steps To Create And Manage A Budget if you are looking for help on … Continue reading →

Filed under Budget · Tagged with Amber Property Management, Association's Treasurer, board, budget, budget preparation tips, Condo, CPA, developer budgets, financial statements, fiscal year, Governing Documents, HOA, Homeowner Association, operating cost manual, operating cost manual for homeowner associations, Orange County Property Management, Property Management, Property Manager, Reserve Study, Single Family Home, Townhome, treasurer

Are You Contributing Too Much to Your Co-op / Condo Reserve Fund? – Article by By Robert M. Nordlund, P.E., R.S

Posted by AmberPM on July 11, 2011 · Leave a Comment

You don’t want to make reserve-fund contributions that are too little, which may lead your co-op board or condo association toward borrowing, making a special assessment or even incurring the higher costs that come with deferred maintenance. But you shouldn’t put away too much, either. As a professional engineer and the president of a company … Continue reading →

Filed under Board of Directors, Budget, Community Manager, Learning Tools, Q & A · Tagged with acutal replacement, Amber Property Management, balance sheet, baseline-funding, board of directors, Cash Flow, defer projects, double budgeting, ongoing maintenance, operating budget, Orange County Property Management, Property Management, remaining useful life, replacement costs, reserve - funding, reserve contributions, Reserve Study, reseve funding, Responsibility, special assessment, useful life

The importance of having assessments – Article by By Doug Ward, CCAM, CMCA, AMS of Amber Property Management

Posted by AmberPM on May 13, 2011 · Leave a Comment

Assessments are a necessity for common interest developments to conduct business. Simply put, without the assessments, the community cannot operate. Assessments, commonly improperly referred to as dues, are generally collected on a monthly basis by either a monthly billing reminder or a coupon book provided by the community’s management company. These amounts vary from community … Continue reading →

Filed under Board of Directors, Learning Tools, Maintenance, Q & A · Tagged with Amber Property Management, assess, billing, budgeting, business, common interest, condominiums, department of real estate, fiscal responsibility, maintain reserves, operating expenses, Orange County Property Management, planned unit development, proper budgeting, Property Management, reserve, Reserve Study, special assessment

Have a “Q”? Because we have your “A” – An amazing complied list of HOA Q & A – Article by hoaqanda.com

Posted by AmberPM on May 4, 2011 · 4 Comments

JUSTIFIED EXPENDITURES Q. Can the board of directors of our association spend association funds on what amounts to a political issue? The board wants to spend funds to stop a nearby development, based on the belief that it will harm the value of homes in our community. A. Absent a prohibition in the … Continue reading →

Filed under Board of Directors, Bylaws, CC&R Enforcement, Civil Code, Collections, Davis Stirling Act, Learning Tools, Legislative, Maintenance, Q & A, Rules · Tagged with Amber Property Management, annual meeting, Association, Bylaws, California State Law, Civil Code, collecting delinquent assessments, Contractors, Directors and Officers, disclosure, Eligibility, Governing Documents, Homeowner Association, Liability, litigation, Maintenance Responsibility, Minutes, Negligence, non owner directors, Orance County Property Management, Property Management, Recall, Recusal by Board Member, Reserve Study, Responsibility, Right to Privacy, Self Managed Association, Special meetings, Townhome, tree removal, Voting

HOA Reserve Study Tutorial – Article by Richard Thompson

Posted by AmberPM on April 25, 2011 · Leave a Comment

Every homeowner association should exercise a plan to repair and replace major common area components like roofs, siding, and decks. Healthy reserves are critical to a healthy association because: Buyers examine the Reserves before buying Lenders examine the Reserves before approving a loan The board has a fiduciary responsibility to protect the association from financial … Continue reading →

Filed under CC&R Enforcement · Tagged with Amber Property Management, Association, Civil Code, common elements, Finance, healthy reserves, Life Expectancy, limited common elements, Maintenance, Orance County Property Management, Property Management, Replacement cost, Reserve Balance, Reserve Fund, Reserve Study

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CAI
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YOUR CLAC UPDATE
- CAI-CLAC 2018 Legislative Day at the Capitol Recap May 5, 2018
  By Martha Fogg, recipient of the 2018 Duncan McPherson Scholarship Award I attended the CAI/CLAC Legislative Day in Sacramento over the weekend. The experience, education and information was invaluable. Sessions began on Sunday through part of Monday. There are more than 33,000 CAI members and over 60 chapters worldwide. CAI tracks Federal and State legislat […]
  caiclac
- How Do We Get Our Boards to Participate in Buck-A-Door? July 10, 2017
  If you’re like me, when it comes to budget planning time there is usually one main direction from the Board, “Do not raise assessments but if you have to, keep it as minimal as possible.” Also, like me, you know this is almost an impossible task when dealing with inflation, rising utilities rates, minimum wage […]
  caiclac
HOA LAW
- SB1265 – A Dumb Idea for a Bad Law April 17, 2018
  A senate bill seeking to prohibit California community associations from establishing qualifications for candidates to run for their boards of directors among other changes and requirements (including possible invasion of owner privacy) is a dumb idea that would create bad law. On April 5th, Los Angeles Times’ Sacramento columnist George Skelton noted that t […]
  David C. Swedelson
- Newly Enacted Civil Code Section 4515 Seeks to Protect Political Speech and Peaceful Assembly at California Community Associations March 12, 2018
  By Joseph L. Gilman, Esq., Associate at SwedelsonGottlieb, Community Association Attorneys Effective January 1, 2018, Civil Code Section 4515 was added to the Davis-Stirling Act to protect certain rights of political speech and peaceful assembly within the boundaries of a common interest development. Senator Bob Wieckowski originally presented new Civil Code […]
  David C. Swedelson
HOA LAW
- FHA APPROVAL AND REVERSE MORTGAGES in HOAs August 30, 2018
  FHA APPROVAL AND REVERSE MORTGAGES Some reverse mortgages require FHA approval before approving the loan to members. This puts seniors who want these at a distinct disadvantage because not all Condos are FHA approved. In fact I suspect a minority are. The requirements for FHA approval are not simple. It takes work to get it […]
  Beth Grimm
- WHAT ARE THE REQUIREMENTS FOR GOOD STANDING IN AN HOA? August 30, 2018
  What the Heck is Good Standing in an HOA? A recent question was sent to me, seemingly simple, “What is the legal definition for “a member of good standing”? As I have said probably 1000 times in my career, there very seldom are easy answers. I often go to the dictionary for the Internet when […]
  Beth Grimm
HOA LAW
- FHA APPROVAL AND REVERSE MORTGAGES in HOAs August 30, 2018
  FHA APPROVAL AND REVERSE MORTGAGES Some reverse mortgages require FHA approval before approving the loan to members. This puts seniors who want these at a distinct disadvantage because not all Condos are FHA approved. In fact I suspect a minority are. The requirements for FHA approval are not simple. It takes work to get it […]
  Beth Grimm
- WHAT ARE THE REQUIREMENTS FOR GOOD STANDING IN AN HOA? August 30, 2018
  What the Heck is Good Standing in an HOA? A recent question was sent to me, seemingly simple, “What is the legal definition for “a member of good standing”? As I have said probably 1000 times in my career, there very seldom are easy answers. I often go to the dictionary for the Internet when […]
  Beth Grimm
HOA INSURANCE
- Water Damage Prevention
  Water damage claims can be very expensive to deal with, cause untold frustrations and have the potential for a living nightmare within your HOA complex. While you cannot prevent every possible situation where water can cause damage; here's a list of simple steps every association can take to reduce/eliminate many causes of water damage issues.Washing ma […]
  HOA Guy
- General Liability Coverage-How Much is Enough?
  All master association policies should have general liability coverage to protect the association from situations where is may have liability to injuries or property damage: a guest sustains an injury falling on a slippery driveway; someone is injured on the playground equipment; someone drowns in the pool; the possibilities are endless.Most standard policie […]
  HOA Guy
TODAY IN HOA NEWS
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Amber Property Management

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Budget Preparation Tips – Article by Neighborhoodlink.com

Are You Contributing Too Much to Your Co-op / Condo Reserve Fund? – Article by By Robert M. Nordlund, P.E., R.S

The importance of having assessments – Article by By Doug Ward, CCAM, CMCA, AMS of Amber Property Management

Have a “Q”? Because we have your “A” – An amazing complied list of HOA Q & A – Article by hoaqanda.com

HOA Reserve Study Tutorial – Article by Richard Thompson

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