Neda Firouz - HOA Management
Owner: NedaFirouz
Listed in: Business
Language: English
Tags: Neda Firouz, HOA Management, Budgets, Neda, Firouz
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Latest Blog Posts for Neda Firouz - HOA Management
- Committees - Consider Ad Hoc CommitteesMany Community Managers and Board of Directors have a lot of tasks. Meanwhile, there are a number of things that are pressing but tedious and require a significant amount of time to accomplish. When you have homeowners who want to be involved, a grea...
- Adding Bad Debt and Contingency Line Items to BudgetsWith the high delinquency rates in Associations, many Associations are not able to effectively collect dues from homeowners that are not paying. Several years ago, Homeowners Associations had better abilities to collect using the non-judicial collect...
- HOA Restrictions on SignsI was recently at a Community Association Institute seminar for California, when the subject of resident rights to post signs, flags and banners was discussed. Surprisingly, most of the managers in the room were unaware of the resident rights to disp...
- Protecting AssetsWe all have assets that we have invested in and cherish. That may be your home, your car, or even an ipod. Just like we all have our own assets, businesses have assets as well. A Homeowners Association is, in fact, a business. Those that are incorpor...
- Operating Expenses vs. Reserve Expenses vs. Capital ImprovementsMany residents and even Board Members do not know the difference between operating expenses, reserve expenses and capital improvements. Once people grasp the difference between the three, many don't know when homeowner votes are required for funding...
- Budget Preparations - Start From Scratch or Not?There are really two starting points in preparing your Association budgets. The first is to start from scratch and zero out all line items from the previous year. From there, contracts would be reviewed to determine the amounts to input in the line i...
- Delinquencieson Feb 22, 2011 in Delinquency Neda Firouz Budgets HOA HOA Management FHA Requirements hoa organizers Community Management FHA ApprovalDelinquencies are troubling Association budgets these days. When the real estate market was thriving, it was relatively easy to pursue collections on an owner that was not paying their HOA dues. Most had enough equity in their units, which permitted...
- Transparency - Open Session InformationMany Associations I manage are concerned about the content of what is discussed in open session versus executive session. The Board of Directors of communities are faced with homeowners who request more transparency and the ability to hear more of th...
- Neda Firouz - Dealing with Deferred MaintenanceMany of the Associations I manage are currently faced with deferred maintenance issues. It's a difficult decision to make, as the economic climate attributes to avoiding special assessments to deal with capital improvements. What's important to con...
- Neda Firouz - Reserve Study ComponentsWhen reviewing a reserve study, it is important to keep in mind that reserve studies are only required to list components that have a 30-year life expectancy or less. Therefore, you will not see items like the foundation or other components that have...
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