Do HOA's work?
Return to The Accounting Outsource Center website. Do HOA’s work? An interesting question which we hear all the time. There is no definitive answer since every HOA is different. Most people we discuss this question with say they have no idea what the HOA is doing. They just send in their monthly check and in the summer the grass gets cut, in the fall the leaves are picked up and in the winter the snow is plowed. Otherwise, they have no idea what their monthly contribution is used for. HOA’s are actually legal not-for-profit corporations which are governed by the bylaws filed with the state the HOA resides in. The bylaws are necessary to ensure that specific guidelines are implemented and observed by members to maintain the integrity of the neighborhood. By following these guidelines the neighborhood is able to maintain property values and provide residents with a consistent and comfortable environment to live in. In addition the bylaws protect individual residents from incons