What is an HOA Reserve Study?

What is an HOA Reserve Study?

hoa reserve santa claritaAn HOA reserve study, although technical, is a crucial part of owning and managing and HOA and its properties. Whether you own a large HOA or a cozy one, an HOA reserve study stands between you and HOA disaster. Yet, what exactly is this study? National Property, your elite Santa Clarita HOA management program can tell you.

The HOA Reserve Study

This study is an evaluation of all your property’s physical components with a thorough analysis of your reserve funds. The reserve study is performed on-site and everything is looked over completely. This study will help you build a study that details anticipated replacements or repairs that might need to be made to these components.

The study will help you decide how much cash flow will need to be in your annual reserve funding – even for the next 30 years. This is crucial planning for a successful HOA.

When the reserve study is complete, the HOA board will need to meet to discuss how to fund these expenses. Once a decision is made, these numbers and the funding decided upon will need to be disclosed to your HOA members for complete disclosure.

Preparing an HOA reserve study is a requirement for all HOAs, no matter the size. However, if your total replacement costs that are found within your study are less than 50% of your budget, you are excluded from the study.

An HOA reserve study should be conducted every three years for maximum effectiveness. Changes can be made if needed to further the correct funding and allocation of your HOA company.

National Property, your Santa Clarita HOA management company is here to help with your HOA reserve study. Although the study can be difficult to understand, it is crucial to your success. Give us a call today and let us help!

National Property Management Group
25115 Avenue Stanford A300
Valencia, CA 91355
661-295-5966

HOA Dispute Resolution in Santa Clarita

4 Tips for an HOA Dispute Resolution

GavelUnfortunately, HOA disputes will happen. This is part of living in a Homeowners Association. However, if you know how to deal with a dispute, you will be able to quickly come to a resolution that is in favor of both parties. HOA dispute resolution is an art tha
t few have mastered. National Property Management is aware of the need to have superb dispute resolution here in Santa Clarita, so we are here to help. We have discovered key points for solving types of disputes. Maybe they will help you resolve one quickly and professionally.

  1. START WITH AN INTERNAL RESOLUTION

You can start your resolution process by beginning an internal resolution. Both parties will meet to discuss the dispute and what has caused the disagreement. The HOA board will be present in the form of a neutral party. Either one of the parties can initiate an internal resolution and can quickly start the resolution process. This is the simplest way to resolve an issue and perhaps the cheapest on the wallet.

  1. REMEMBER MEDIATION

You are not alone in your dispute. If you and the second party cannot come to an agreement in a timely manner, you can call in mediation from a third party. They can then mediate the issues surrounding the disagreement to see what resolutions are available. Although mediation will reach a decision, you can choose to not accept it. However, it is possible an agreement will be issued.

  1. ALWAYS CONSIDER THE LAW

Before you start the dispute resolution process, it is important to remember the laws in your state. You may wish to consult a Homeowners Association attorney or property management company to ensure you are following the correct laws when starting the process. If the law is not followed, repercussions can follow that are worse than the case itself.

  1. ARBITRATION

If you cannot reach an agreement through any other method, you are entitled to arbitration. In this court-type case, a private judge will facilitate. Each party will present their disagreement and then the judge will arrive at a decision. This option should be considered a last resort.

National Property Management is your resource for Homeowners Association dispute resolution in Santa Clarita. We offer services to help you get the best resolution for each party. Call us today to see how we can help.

National Property Management Group
25115 Avenue Stanford A300
Valencia, CA 91355
661-295-5966

Keep Your Lawn Looking Great in the Summer Heat

Keep Your Lawn Looking Great in the Summer Heat

hoa yard grass santa claritaSummer lawn care is crucial to having a great looking yard all year round. With drought bans now lifted and summer, it is important to remember proper lawn care within your HOA. The summer heat in Santa Clarita is known to wreak havoc on your lawn and the beautiful plants around your home. It is important to take the proper precautions to keep your lawn looking great. Here are some summer lawn care basics to keep your lawn perfect for your HOA.

Don’t Cut Short

It is widely known that grass is mowed short instead of long. In fact, most lawnmowers have setting already in place for a close shave. However, in the summer heat, it is best to cut long instead of short. Longer roots can grow if you cut your grass long. These roots can reach water located deep within the soil, instead of the surface. Set your lawnmower on a higher setting to avoid cutting too short.

Water Your Grass

Your grass should remain moisturized in the summer heat. The best way to do this is through watering your grass. If you have had shorter grass, it is important that you water more frequently. It is a great rule of thumb to have an inch of water placed on your grass weekly so that your grass has a lot to soak up. By watering early in the morning, you are also decreasing evaporation – keeping your water where it belongs.

Feed Your Grass

Some grass just isn’t strong enough to handle the heat. It is important to feed your grass, especially the grass that is withering. Your lawn deserves long and beautiful blades instead of bald spots. You can use grass feed that is available at most home stores.

Need help? National Property is here to help you make your HOA looking clean and up to par. Give us a call to discuss regulations in your area for water and resources.

 

National Property Management Group
25115 Avenue Stanford A300
Valencia, CA 91355
661-295-5966