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Overview of HOA Accounting: Roles, Responsibilities, and Best Practices

Overview of HOA Accounting: Roles, Responsibilities, and Best Practices

Homeowners’ Associations (HOAs) play a crucial role in managing and maintaining communities, ensuring that common areas and amenities are well-maintained and property values are preserved. Central to the effective operation of an HOA is proper accounting and financial management. In […]

  • May 19, 2023
  • OHI
5 Best Practices for HOA Accounting

5 Best Practices for HOA Accounting

The real estate accounting requirements of HOA communities can be complicated. Budgets, financial objectives, and compliance with state rules and regulations regarding HOA finances are all the responsibility of the board. However, not all board members come with extensive accounting […]

  • November 28, 2022
  • OHI
6 Practical Reasons Why You Should Outsource HOA Accounting

6 Practical Reasons Why You Should Outsource HOA Accounting

If you manage a homeowners association and intend to cut costs, you should consider outsourcing accounting to a professional financial services firm. Outsource HOA accounting is an economical solution that can save your association a large sum of money in […]

  • May 25, 2020
  • admin@ohi
What is the Difference Between Condo Strata HOA and Co-Op Association?

What is the Difference Between Condo Strata HOA and Co-Op Association?

When you speak to a real estate broker before buying an apartment, you come across a lot of jargon which might sound confusing. Do the words Condo Strata HOA and Co-op associations sound familiar to you? If they are, then […]

  • March 6, 2020
  • admin@ohi

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