Cheat Sheet: Why HOAs exist, and the role of the board

This is the first of the Cheat Sheet series, a primer for new HOA board members. The “Terrace House”, where my brother-in-law Patrick lives with ten friends. Patrick’s situation is why we have HOAs. Sharing: Mine, but you can have some According to The Banks™, the US has two categories of housing: (1) owner occupied,…

HOAs and Lord of the Rings: A surprising correlation

Introduction Home Owners Associations (HOAs) are non-profits responsible for maintaining the common elements in housing communities. In order to run smoothly, HOAs require active participation from board members and homeowners. Board members are responsible for managing the property and coordinating with the people who live on it. Homeowners pay their dues to cover HOA expenses…

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