This is good advice. I’m not sure I ever saw our bylaws so i will inquire with my neighbor about them. Luckily she’s a very good record keeper as well as myself so we’re high accountable people. We decided on a banks and will be setting that up this week.

Thank you!

Appreciate the advice KittenBiscuits!

Correct. We both have an equal vested interest in maintaining our house. I actually prefer calling it a cooperative rather than an HOA. I think I’ll do that. For better or worse, the only bullies in this cooperative are my cats. One of them is named Carol if that tells you anything.

In most circumstances, I’d agree with you.

It’s a new build and we are both the first owners so this is brand spanking new.

We have decided to most likely go with Axos bank. They have high interest rate and appear to be small community HOA friendly. They have a whole page dedicated to it.

We’re going to split up our dues into a savings and checking. Like you said one for emergencies, and one for general maintenance. I will need to locate the bylaws that were most likely setup but the sellers for both of us. They also setup our LLC. We’re just in the beginning stages of everything so getting the bank account is one less stress off our backs. There’s already things we want to implement. Appreciate the advice!