HOAleader.com provides practical advice on homeowner and condominium association management, laws, rules, insurance, finances, reserves, dues, liens, assessments, dispute resolution, and more.HOAleader.com provides practical advice on homeowner and condominium association management, laws, rules, insurance, finances, reserves, dues, liens, assessments, dispute resolution, and more.
HomeBrowse by TopicDiscussion ForumResearchSearchMember Log-in
Sign up for the FREE
HOAleader.com
Tip of the Week
 Search
 Interact
Free Newsletter
Discussion Forum
Follow on Twitter
 RSS Feed
 Browse
New Headlines
Topics
Most Popular
Special Reports
Webinars
Vendor Directory
Research
Contributors
 Membership
Join HOAleader.com
Members-Only Home
Group Discounts
Renew Membership
 FAQ
About HOAleader.com
Affiliates
HOA Vendors
Help
Our Guarantee
Text Size
Contact Us
Your Privacy
Published by Plain-English Media, LLC

HOA Strategic Planning: How to Perform True Strategic Planning

September 24, 2010
Printer-Friendly Format

Does your homeowners association you have a strategic plan? We don't mean just a budget and reserve study, but a full-blown plan for where your board would like your association to be in 3, 5, or 10 years. In this week's tip, we offer insight for smart strategic planning for HOAs.

Strategic planning can guide your board and unite your board, management, and members through common goals and objectives, says Debra A. Warren, principal of Cinnabar Consulting in San Rafael, Calif., which provides training and employee development services to community association management firms and training and strategic planning sessions for association board members.

Why don't more boards do strategic planning? Warren says there's a perception that it's complicated and requires a lot of time and money. Many board members also think their reserve study is their plan. Not true. A reserve study is an important part of a comprehensive plan, but it doesn't address many factors--like changing demographics, local economic conditions, and aging landscaping and design elements--that contribute to the overall health of your community.

To get your board ready to plan, Warren recommends your board start by answering five questions:

1. Do we understand our association's legal structure?

2. Do we understand our association's financial condition?

3. Do we understand the human resources available to our association?

4. What's important to our members?

5. What conditions are present in our general community?

Why do you need to answer those questions? To learn more about why each question is important, the steps to take after you've answered them, and the importance of a physical plant analysis, reserve study, and succession planning, see our new article, You've Done HOA Planning; Have You Done Strategic Planning?

Best regards,
Matt Humphrey
President




Printer-Friendly Format
·  You've Done HOA Planning; Have You Done Strategic Planning? 5 Questions Your Board Should Answer


 Free White Papers

 
HOA Finances:
Best Practices for Getting Your Homeowners Association through Difficult Economic Times

Download now »

Advertising Information
 Topics
Communications
Dispute Resolution
Facilities & Maintenance
Financial Matters
HOA Elections
HOA Governance
HOA Insurance
HOA Reserves
HOA Rules
Human Resources
Legal Compliance
Security & Safety
HOA Glossary
Complete Topic List

 Discussion Forum
Recent Forum Posts
· Getting Members to volunteer for the Board
· Existing Rental Caps
· AB 1738 (California) Internal Dispute Resolution
· Property Management Insurance
· Building roof leaks so owner does not pay fees
· Damage caused by a death that is not noticed
· Liability of Board of Directors
· Following Bylaws
· Is it time to resign from HOA BOD?
· Recall Director
· input from owners not being considered
· What does 'adopting' annual budgets mean?
· HOA Dues Homes vrs Undeveloped Property Dues
· Expenditures-in- excess-of-15-pe rcent-of-the-budget
· PROCEDURE FOR AMENDING A MOTION
Search Discussion

 TESTIMONIALS

Here's what our readers
are saying ...

 

"Your news and ideas have been a Godsend and so helpful, you can't imagine... Thanks for everything."

Saundra Ragona
Quail Ridge Owners' Association



"We really appreciate your publication. It's as if you had a spy at our meetings and over hear our gripes :). Keep up the good work."

Cynthia Ramnarace
Palmer's Landing HOA



"This is a great service."

Mark R. Benson
CAM, CMCA, AMS, PCAM
Past Chairman of the Florida Community Association Living Study Council
Past Member of the Regulatory Council of Community Association Managers
Past Vice-Chairman of the Advisory Council on Condominiums County Court Mediator



"I am a newly elect President of a small (10 units) HOA / Condo, and I am learning the business almost from scratch ... Thanks for your very valuable information."

Volodymyr (Vlad) Boryshpolov
1102 Avenue X HOA



"Thanks for all your great HOA tips! I am a new Board Secretary—your site is truly worth signing up for!"

Kathie Norris
Whispering Pines West HOA