A Quick Introduction to HOA Financials: for California condominium owners and board members - Softcover

Everett, Andrew C.

 
9798541685725: A Quick Introduction to HOA Financials: for California condominium owners and board members

Synopsis

As an interested condominium owner—especially a new board member—you want to get up to speed with your homeowners association’s (HOA) financial health. Here are some questions addressed by this book.

  • Does your HOA have sufficient reserves?
  • How does a reserve study help to keep long-term budgeting on track?
  • How do you create an annual operating budget?
  • How do you manage cash flow when you incur large, unexpected expenses?
  • How can prudent financial planning avoid special assessments?
  • What’s an annual review?
  • Which tax forms does an HOA file?
  • What type of insurance does the HOA need to buy?
  • Do my contractors have proper insurance?
  • What is fiduciary responsibility?
  • What is the difference between officers and directors?

"synopsis" may belong to another edition of this title.