4 Best Practices for HOA Boards to Follow
If you are a board member of an HOA, it is essential to be aware of the best practices that will help you lead effectively. Every community is different, and each board will face its own unique challenges. However, there are some general best practices that all board members should be familiar with.
In this blog post, we will discuss four of the most important best practices for HOAs.
1. Communicate Effectively
As a board member, it’s vital to communicate effectively with other members and homeowners. This means ensuring everyone has all the information they need promptly and conducting meetings in an open and transparent manner. Board members should also be responsive to inquiries from homeowners and take the time to listen to their concerns.
2. Stay Organized
Good organization is vital for any board, as it allows them to stay on top of all the various tasks and responsibilities they have. This includes creating and following a schedule of meetings, maintaining up-to-date minutes and meeting agendas, and keeping track of all financial transactions. An organized board is also able to stay on top of any projects that need to be worked on in the community.
3. Make Informed Decisions
One best practice for boards is to rely only on facts rather than assumptions or hearsay when making decisions. This means that they should avoid making assumptions about community members and instead take the time to gather information before making important decisions. The best way to do this is by having regular board meetings so that you are aware of any issues.
4. Know the Governing Documents
The best practice for boards is to be fully conversant with their community’s governing documents, including but not limited to bylaws, restrictions, and CC&Rs. Boards are responsible for enforcing rules in these documents and ensuring that homeowners comply with them. This also includes staying updated on any changes made to the governing documents.
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