33rd Company News

  Homeowners associations and common interest communities have fiduciary obligations to all their members. There are certain things that are must-dos when it comes to HOA and CIC accounting. First, decide what you’ll do in terms of setting up your operating and reserve accounts. This is critical. Minnesota requires custodial t...

When you’re keeping our HOA funds secure, you have to consider all of your funds; both operating and reserve. How do you ensure you have adequate protection against theft and fraud? Today, we’re talking about some things you can do to protect that money.   Setting Up a Bank Account Most HOAs need to make sure their a...

33rd Company is proud to celebrate our new office space at 1951 Woodlane Drive, Woodbury, MN. The Woodbury Chamber of Commerce Ribbon Cutting ceremony and open house was held on October 27th, and was attended my Chamber members, including the Mayor of Woodbury. Our new office space is approximately 8500 SF, and includes a large Board ...

A lot of people now live in HOA communities, and many people volunteer on their boards. Dealing with the occasional HOA violation is a fact of life. Today, we’re talking about how to handle violations and HOA management in Minneapolis.   Specific Rules and Regulations Are Required Rules and regulations should be very specif...

Homeowner associations are a little different than landlords, but still subject to the same laws and the same risks that landlords take when they’re screening tenants. HOAs have the additional burden of having the potential of a disparate impact claim against them for having unfair or unjust association rules and regulations or b...

Generally speaking, HOAs will maintain two separate accounts for their funds; one is an operating account and one is a reserve account. Both are generally set up and held as custodial trust accounts under the laws of the State where the HOA/CIC is located. Reserve funds are specific capital improvement funds that are segregated into...

HOAs are governed by a lot of laws and documents, particularly the Governing Documents including Declarations, Rules and Regulations, and Bylaws. Most HOA’s and Common Interest Communities (CIC) have all three of these documents on file and active at any given time. We like to think of HOA rules as blades of grass. At the base, ...

Online resident portals are useful tools for communicating with your Minnesota HOA management company and your HOA board leadership. If you belong to an HOA that we manage, you simply go to the website we provided and log into your account. Once you’re in your portal, there are a few important things you can do. Viewing Member St...

Minneapolis/St. Paul Award Program Honors the Achievement MINNEAPOLIS/ST. PAUL February 18, 2016 -- 33rd Company, Inc. has been selected for the 2016 Best of Minneapolis/St. Paul Award in the Property Management category by the Minneapolis/St. Paul Award Program. Each year, the Minneapolis/St. Paul Award Program identifies companies that ...

  Investment property that’s part of an HOA is governed by the rules and regulations of that association. This alone is a good reason to participate in your HOA’s board of directors, and there are a few other reasons why it’s a good idea to volunteer on your HOA board. Board Involvement It’s good business to...