Across the U.S., from suburban townhouses in Georgia to high-rises in Chicago, homeowner association (HOA) boards play a critical role in maintaining community standards and safeguarding property values. Here's what every HOA board should know about making the switch.

While special assessments are intended to be occasional, an HOA can issue them more than once if necessary — though most associations aim to limit assessments to no more than once per fiscal year unless truly unavoidable.

The Board and a few activated neighbors are all too often left to make the decisions. Here at Onyx Capital Management, we see it all too...