At Red Rock we prepare budget drafts and fair estimates for our Board members to review. However the trend for budget committes has increased as more homeowners show a willingness to get involved. The budget committee comprises members of your community association, which enables residents to have a say in how their money is spent. How does the budget committee work and who serves on it? The Treasurer’s and Accountant’s Roles It makes sense for the board treasurer to chair th

Some people question why they have to pay assessments when they move into a condominium, town home, or homeowner association. While assessments may be a technically correct term, the fact is that they are actually property maintenance fees. When the collective buying power of the entire association is factored in, they prove to be a real bargain for individual homeowners. These fees can cover exterior maintenance, snow removal, landscaping, trash removal, common area up-keep,

Water conservation is an important issue for the association and not just because we want to be environmentally responsible. An equally important reason is that we want to keep assessments as low as possible. This especially holds true for condominiums and townhomes with shared water. Here’s how you can help: Kitchen Aid Large appliances—washing machines and dishwashers—consume the most water, so they are important places to start any water-conservation efforts. • Set the wat

Encouraging residents to pay their HOA dues can prove to be a challenge. We've outlined 4 practical tips that have proven to be effective and may serve as a tipping point to better assist your association in collecting the funds it is owed. Tip 1: Top of Mind. You've heard the noisy bird gets the worm. Well, this holds true with your association as well. Communicate with your homeowners consistently, and not just about their balance. All touch points with your neighbors displ