Revenue Ruling 70-604 was adopted by the IRS in 1970, so that homeowners and condominium associations would have the option to move excess member income forward to the next fiscal year for tax purposes, or to refund excess member income. Although refunds are likely...
HOA’s are asking if they should begin taking Social Media seriously. Homeowners are getting much younger, with both Millennials and Gen Z’s wanting their own sustainable homes as well as being eager to be involved with their community. For HOA’s this translates to...
Renters moving into a new home can be an exciting yet stressful experience. As they meet new people as well as learning HOA rules and regulations, it can be overwhelming. Welcoming new renters into the neighborhood is just as important as welcoming a new homeowner....
Everyone wants a good reserve study. What does that imply, though? Here’s a list: 1. All the “right” components on your Reserve Component List (none missing that should be on the list, and none on the list that should be handled in the Operating Budget) 2. Accurate...
Suspending Common Area Privileges or Voting Rights by Jason N. Miller, Esq. Shareholder | Carpenter Hazlewood Delgado & Bolen, LLP Can an Association suspend an owner’s right to use the Association’s common area facilities or an owner’s right to vote...
You are a busy HOA Board with an even busier and complex community. Who do you contact when you want the demands of your community’s lifestyle to be attended to seamlessly and with the white-glove standard your residents have grown accustomed? Many management...
