Real Estate News and Advice
November 12, 2009

Today's Insider REALTOR Secret


Search Realty Times
 





Let Webcast City webcast your message.



Today's Insider REALTOR Secret









NEED HELP?

Click for Live Support


Call: 214-353-6980






HOA Rx for Success

Any homeowner association can become depressed, listless and out of sorts. Good health is often only a prescription away. Here are some that can improve the overall health and happiness of your community.

Communication Rx

  • Distribute a newsletter at least four times a year
  • Develop an Internet web site with critical HOA information
  • Distribute questionnaires to members and publish the results.
  • Distribute an HOA Event Calendar

Community Rx

  • Develop an active committee structure.
  • Develop a mission statement.
  • Get local businesses to advertise in your newsletter
  • Hold an annual community garage sale
  • Sponsor a neighborhood cleanup day

Management Rx

  • Distribute meeting agendas in advance
  • Limit board meetings to 2 hours and make real decisions.
  • Provide for a Homeowner Forum before each board meeting.
  • Make rules only when absolutely needed.
  • Revise governing documents using plain language.
  • Make board meetings minutes quickly available to members.

Financial Rx

  • Order a Reserve Study and adequately fund reserves to avoid special assessments.
  • Budget for board education. (seminars, books, magazines, videos)
  • Get member participation on the budget committee.
  • Distribute timely financial reports to members.

Now, aren't you feeling better? Well, you sure LOOK better and the good feelings are sure to follow. Just use two a day and you’ll be like new again. Dr. HOA. For more on HOA Communications, Management and Financial, see www.Regenesis.net

Published: January 15, 2003

Use of this article without permission is a violation of federal copyright laws.




Richard Thompson owns Regenesis, a management consulting company that specializes in condominium and homeowner associations. He is a nationally recognized expert on HOA management issues.

Regenesis publishes The Regenesis Report, a monthly newsletter for HOA boards, developers and managers. To subscribe, go to Regenesis.net. He can be contacted by email at .







Real Estate News Network

You must enable Javascript to view the Video content and Navigation on this site.





Mortgage Rates
30 Year Fixed: 4.98%
15 Year Fixed: 4.40%
1 Year Adj: 4.47%
(U.S. Weekly Averages)

Today's Headlines


Spotlight






Agent Publicity | Market Conditions Interview | Local Market Conditions | Video Newsletter | Article Index | Terms & Conditions | Privacy | Contact Us

Copyright © 2003 Realty Times®. All Rights Reserved.