3 Ways HOA’s Can Prepare for the New Year

As we bring 2016 to a close and embark upon a brand new year, we know it’s normal for everyone to reevaluate every aspect of their lives—HOA boards are no different. Now is good a time for HOA boards to gather and discuss their plans for the new year to build a stronger association and community. Our Tampa HOA management company will share three ways your HOA board can prepare for the upcoming year.


First things first. To plan for the future, you must revisit the past. Remember that mission statement you wrote? It’s time to pull it out and review it. The mission statement is your HOA’s guiding principle so it’s a good idea to review it periodically. As you review it, ask the following questions:

1. Did your board carry out its obligations?
2. Did you serve and represent homeowners well?
3. Did you protect and enhance the community?
4. Did you uphold Covenants, Conditions and Restrictions (CCR’s) and policies?
5. Did you conduct business fairly and with transparency?


After you’ve made peace with the past, it’s time to set new goals. When you set measurable goals, you’re more likely to be proactive about meeting them. This also will help you foresee issues before they arise. You can set goals in the following areas:

1. Scheduling events to a build a stronger community
2. Recruiting new board members
3. Did you protect and enhance the community?
4. Making meetings more efficient
5. Improving your communication policy


With all the planning and goal setting you will do, you can’t forget about your budget and expenses. The first financial resolution you should make is to use your resources more responsibly. Long and short-term financial planning is crucial to your HOA’s success. First, examine previous years’ budgets and financial statements. From there, decide what expenses will be cut and added. This will include reviewing your contracts to eliminate unnecessary vendors and adjusting assessments. Finally, finalize how you will spend your money the entire year.

For more information about Tampa HOA management companies, please call us at (813) 968-5665, or submit our proposal request form.

Want To Learn More?

Request more information or a proposal from Wise Property Management today!

Request a Proposal

Why Your HOA Should Invest in Wesley Chapel Homeowners Association Management

In a typical community, the HOA board is in charge of a variety of responsibilities that help the neighborhood to run smoothly. By investing in partnering with a homeowners association management company for your Wesley Chapel neighborhood, you would be investing in the well-being of not only the HOA, but the residents and the neighborhood as a […]

HOA Management Services in Wesley Chapel from Wise Property Management

With the many responsibilities and duties of the HOA in your Wesley Chapel neighborhood, it can be difficult to balance homeowner’s association duties with your home life. With Wise Property Management’s HOA management services, you can rest assured that your community is in good hands. For more details on the HOA management services that we […]