Importance of Reviewing Vendor Agreements on an Annual Basis


Homeowners association (HOA) boards need to review vendor agreements on an annual basis to ensure that the vendors are providing the services and products required by the HOA. One reason this is important is because contracts may expire. After a certain period of time, it becomes a lot more difficult to enforce a contract if … Continue reading “Importance of Reviewing Vendor Agreements on an Annual Basis”

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Preparing for 2022: What Condo Associations Need to Know


The new year is just around the corner and many condo associations are preparing for the changes that come with it. There are a number of things that need to be addressed before the New Year, either with your St. Petersburg condo management company or as part of the board. Here are things that every … Continue reading “Preparing for 2022: What Condo Associations Need to Know”

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5 Ways Condo Management Companies Save Owners Money


St. Petersburg condo management is complex and can cost owners money if not done properly. Fortunately, condo management companies make running the property easier, more efficient, and more cost-effective. Here are several ways St. Petersburg condo management companies save owners money. Fill Available Condos One way condo management companies save owners money is by quickly … Continue reading “5 Ways Condo Management Companies Save Owners Money”

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Tips for Keeping Your Condo Community Running Smoothly


Your condo community can run smoothly with a good Tampa condo management partner. There are specific things that you can do to avoid problems and keep things running the way you want them to. Here are a few tips for keeping your condo community running smoothly. Enforce Rules Fairly A big problem in Tampa condominium … Continue reading “Tips for Keeping Your Condo Community Running Smoothly”

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Step-by-Step Guide for Creating Your Annual HOA Budget


Every year, your HOA must create an annual HOA budget. This budget guides spending and how much you collect from residents. Making it accurate helps the community avoid potential problems. Use this article as your Tampa homeowners association management step-by-step guide to creating your annual HOA budget. 1. Determine Yearly Costs The first step in … Continue reading “Step-by-Step Guide for Creating Your Annual HOA Budget”

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Are HOA Boards Required to Put Financial Reserves on Meeting Agendas?


Tampa homeowners association management boards are required by law to disclose financial information at meetings and when requested by residents. This information can include the association’s budget, as well as the financial reserves. The topicmust be addressed quickly if raised during a meetingand the association is obligated to respond to a resident’s request promptly. Financial … Continue reading “Are HOA Boards Required to Put Financial Reserves on Meeting Agendas?”

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