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RECENT BLOG POSTS
Our association's dam is in need of repair and we would like to get a condo association loan for doing the repairs.  What is a likely rate for a condo association loan?  The exact interest rates are a function of several variables.  However, the approximate range in today's market is 6.75% to 7.2...
09/14/2008
CondoAssociation.com Announces HOA Construction Loan Program Construction loans are now available exclusively to Townhomes, Condo Associations, Cooperatives, Office Condominiums, Timeshares and Homeowner Associations (HOAs) at CondoAssociation.com at very competitive rates and terms depending on ...
09/04/2008
Often condo associations and HOAs get in trouble with their cash flow management because either they are spending too much or association members are not paying their HOA dues on time or not at all.  Here are some practical ideas to increase HOA cash flow. Reduce Condo Association or HOA Spending...
09/01/2008
It is getting more difficult to get volunteers for filling in the 5 seats as a trustee. We have 4 buildings, 30 units per building, a 55+ community. What would it cost us to hire a firm to take over as trustees? Unfortunately management will not take over as the Trustees or Directors of the Assoc...
08/31/2008
Having the HOA insurance or condo association insurance coverage you need in the areas in which you need it is the biggest challenge. The areas most often overlooked or structured improperly include:   1. Deductibles and shifting loss. Although some condo associations have moved to higher deducti...
08/31/2008
Loans and Lines of Credit are now available to Condominium Associations (and HOAs) as a great financing alternative to abrupt assessments that often financially squeeze condo owners. Rates for condo association loans are competitive; around 7%, which makes an association loan a very attractive al...
08/30/2008
Here are some creative initiatives you can take on with your condo association. Leverage the Condo Association with Direct TV. Maybe your property has a mix of cable and internet providers and can leverage group buying power through the condo association. If properly wired, Direct TV can have all...
08/30/2008
Who pays for common area charges and how?  Some condo association members feel they are constantly over-assessed for everything from common area repairs to renovations.  On the other hand, the association often doesn't have enough cash in reserves to cover any of these costs, but feel its in the ...
08/30/2008
Rainer
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HOA management and finance topics. For condo assoication board members or those active in their community associations.