Audit & Tax Season

Audit & Tax Season

Did you know that Community Associations, as registered non-profit corporations in the eye of the State of Minnesota, are required to file Federal and State taxes?  It is also important to be aware of any requirements of your governing documents for an annual...
Evolving Lender Requirements Affect HOAs

Evolving Lender Requirements Affect HOAs

In reaction to the tragic collapse of the Champlain Towers South condo building in Surfside, FL last summer, there have been significant changes to mortgage lender requirements with loans backed/purchased by Fannie Mae and Freddie Mac. A large portion of mortgage...
Property Walk-Throughs

Property Walk-Throughs

Summer is a great time to do a walk-through of your properties—the weather is nice, and the green landscape allows you to clearly see what needs work or improvement. When doing a walk-through, pay attention to the following parts of the landscape: Shrubs—do they need...
Low Interest Rates and Your HOA Loans

Low Interest Rates and Your HOA Loans

One of the silver linings from the pandemic’s impact on the economy are the historically low interest rates. Due to concerns about the stability of the economy, most financial institutions have adjusted their traditional credit evaluation and standards. Because of the...