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About CAMS

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How Reserve Studies Prepare Community Associations for Successful Futures
Reserve studies are essential to ensuring the financial security of community associations. When conducted properly, they aid in preparing associations for large future repairs and create a timeline s...
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Annual Budget Preparations for Your Association
Those serving on HOA boards need to have a keen understanding of how essential a balanced budget is to the success of their associations. Drafting and ratifying a budget can often seem like a daunting...
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Crunching Numbers: What Goes Into a Community Association’s Budget?
Budgets are crucial to a community association’s financial operation. Just like for-profit businesses, association boards should work diligently to develop annual budgets that estimate revenue a...
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What to do if There are Insufficient Reserve Funds
What are reserve funds and what are they used for? Reserve funds are broken down into capital and non-capital expenses; capital would be replacing a roof; non-capital would be painting. These are IRS ...
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Managing your Association’s Storm Water
Is your condominium or community association required to manage a stormwater system? This can be a tricky issue to navigate.   In 1991, the North Carolina Division of Water Quality (DWQ) establis...
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When To Call In The Professionals To Advise Your Board
Common areas of a community are vitally important. Not only do they ensure a better quality of life for residents, they also help the resale value of properties. So it makes sense that two of the most...
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Communities That Lack Reserve Fund Studies Face Uncertain Futures
In my last article I shared my disbelief that there isn’t a law requiring property owners associations to conduct reserve fund studies. Managing an association without a reserve fund study is ak...
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Are Associations Required To Have Professional Reserve Studies
Considering that it’s a good idea to have reserve funds for long-term capital and maintenance expenses, I am always surprised when I am asked that question. The answer is even more surprising, s...