HomeRun IQ Learning Center

Learn more about the community association industry and how to stay ahead.


Getting the same tax benefit as single-family homeowners

One of the major advantages of homeownership is tax benefits. Including offsetting long-term taxes simply by taking care of the property. Unfortunately, the majority of associations miss out on this for their ownership. Property improvements can save on taxes The key factor here is cost basis. This refers to a home's...

Avoid these association financial traps and pitfalls

Associations are run by boards. They are legally responsible for their property’s governance and long-term financial health. And these boards are volunteer homeowners that can face big demands and challenges. It should be no surprise they face behavioral pitfalls, which can affect anyone. Out of sight and out of mind...

Why preventable special assessments still happen

Special assessments are increasing for condos, townhomes and homes in associations. These assessments affect property value and can create financial distress for the association. Market realities have changed faster than current approaches have. The resulting lack of clarity and understanding puts associations in difficult situations. Financial planning is different than...


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