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Property Management Blog

Tuesday, December 11, 2018

Why Community Associations Need Professional Management

There’s a lot more to managing a community association effectively than you may realize. It’s much more than property management; it’s also about governance—enforcing rules, conducting elections and more. Your home and your ownership interest in the common elements represent a huge asset—your largest asset. D...

Tuesday, November 27, 2018

Clarifying the Managers Role

HomeRiver Group employs a highly-qualified professional community managers, and we think residents should know what the manager has—and has not—been hired to do. The manager has two primary responsibilities: to carry out policies set by the board and to manage the association's daily operations.Some residents expect the ma...

Tuesday, November 13, 2018

How the Budget is Prepared

Each year you receive a draft of the proposed budget for review and comment. A lot of work goes into preparing the budget. It’s a complex activity that has to start early so the budget can be finalized and approved prior to the beginning of the new fiscal year. Here’s how we do it:The board appoints a budget committee to help ...

Tuesday, October 30, 2018

Misconceptions about Property Values

Like almost every community in the country, our association is feeling the pinch in the housing market. We’d like to dispel a few common misconceptions about what contributes to the rise and fall of property values.Assessments are too highFalse. Actually, assessments have nothing to do with property values, and high assessments will...

Tuesday, October 16, 2018

How the Association Protects Your Money

Homeowners all over the country have read alarming news accounts of management companies and board members embezzling funds from community associations—the homeowners’ money. Our association follows a few hard-and-fast rules to protect your money. They include:We keep cash transactions to a minimum.When a cash transaction is a...

Tuesday, October 2, 2018

6 Traits of Good Board Members

Do you have what it takes to be a good board member? Chances are you do.If you have a mix of some of the following traits and skills, consider running for a seat on the board. We’d love to have you.Respect. If you can give others respect and expect it in return, you can help keep board discussions civil,  pr...

Wednesday, March 14, 2018

How to be a good tenant

1. Read your lease. No, seriously read it. It won’t be the most exciting night table material but you’ll thank yourself when you do read it. A lease is a binding legal contract. It creates a binding relationship between you and your landlord. What are you agreeing to? If you don’t understand, ask questions befo...

Wednesday, March 14, 2018

How to be a good landlord/property manager

1. Run Your Property Like a Business. Some landlords do a terrible job at running their business. It might be because they see it as a “side-gig” or a hobby” more than a business. However, when you treat your business with the respect, systems, and organization that you would treat any other business venture, amazin...

Wednesday, August 16, 2017

How Can an HOA Enforce Rules? Tips for Board Members in Tampa

Enforcing rules at your homeowner’s association can be tough, but you can make it a little easier on yourself by doing three specific things.How Can An HOA Enforce Rules? InspectYou have to inspect your property regularly. See how people are treating your homes and what the common standard of maintenance is. Be sure residents are fo...

Wednesday, July 12, 2017

How to Find Good Tenants Quickly for Your Tampa Rental Property

When you’re trying to find a great renter for your home really fast, there are four things you need to think about.Awesome PicturesThere is no substitute for a beautiful photograph. And yet, we often look at a rental ad and see pictures that just show the corner of a room or photos that are blurry because they seem to be taken from ...

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