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How to prevent “The Special Assessment Blues” in your Condo or HOA

When your board of directors sends out a letter advising members that they have made a special assessment, it hurts. You were not expecting it, and in many cases, you probably think that it’s not needed. The fact is that most likely it is needed and if your board passed it, you have no choice but to pay it. What really hurts is that...

HOW TO AVOID CAPTIAL GAINS ON INVESTMENT PROPERTY

There are only two certainties in life: death and taxes. Luckily, through advancements in healthcare and the tax code, both of these can be delayed. Section 1031 of the Internal Revenue Code provides a solution for delaying capital gains on investment property, commonly known as a “1031 exchange.” There are important restricti...

Importance of Association Management Meeting Minutes

Importance of Association Management Meeting Minutes Meetings are rarely on anyone’s list of favorite things to do – and keeping meeting minutes is even worse. However, timely, accurate minutes are important, especially if decisions are being made about your home and community. Ideally, after the conclusion of an HOA meeting, ...