Fund Large Scale Capital Projects. Proper planning and funding capital projects for condo association communities is crucial for maintaining property value and ensuring an enjoyable community living experience for the homeowners. Here are some of the best practices and approaches: 1. Reserve Studies: o Consider hiring a company that specializes in reserve studies. These […]
Category Archives: Best Practices
Best Practices
Over the past 20 years, community associations have become an essential part of modern living. They provide homeowners a sense of community and help maintain an enjoyable quality of life for homeowners and residents. However, managing and operating a community association can be challenging, especially when it comes to planning for an entire fiscal year. […]
2023 Winterization Techniques Old Man Winter is around the corner. Is your association winterized and ready for another unpredictable Chicago winter season? Let Chicago Property Services help you prepare your association, so you are ready for whatever comes your way during this upcoming Winter season. Snow Removal Vendor/Plan – Do you have a vendor in […]
A Seasonal Checklist to Help Things Run Smoothly By Salvatore J. Sciacca – Chicago Property Services The Spring season has finally arrived for 2023 and it is indeed is a welcome sight for sore eyes. After having to deal with Covid19 issues, rising interest rates, banking industry uncertainty and political turmoil, community associations across the […]
Proactively Plan Capital Improvements Or Deal with Deferred Maintenance Disasters A Primer for Community Association Board Members and Property Management Professionals One of the most typical scenarios that board members face while serving on the board is the issue of deferred maintenance and capital repairs. Since capital repairs often cost large sums of money, it […]
In the book “Zen and the Art of Motorcycle Maintenance”, author Robert M. Pirsig writes about the “romantic” and the “classical” approach to motorcycle maintenance. The romantic approach involves living in the moment and essentially boils down to the following adage: “if it isn’t broke, don’t fix it”. On the other hand, the classical approach […]
Volunteering to serve on the board of a community association is an opportunity to help in a way that can significantly improve the quality of life of all the homeowners. Board members have a significant amount of authority and can raise assessments, approve special assessments, improve the grounds and curb appeal of the association as […]
Now that Spring is come it is time to switch gears from hunkering down and weathering Old Man Winter to planning for successful capital improvement projects. Capital improvement projects are the most expensive undertakings for a community association. As a result, associations must ensure that there is professional oversight every step of the way from […]
Although temperatures are still very warm out there, the 2022 budget season is quickly approaching. And with all the uncertainty around Covid-19 and variants, the job market and work-wide supply chains, it is extremely important to ensure community association board members approve fiscally responsible 2022 budgets. Which leads to the following question: What exact is […]
And the board of directors of each community association have a vast amount of decision-making authority. Furthermore, a homeowner’s community living experience is mostly dictated by the actions of the board of directors. As a result, it is ideal that the homeowners that volunteer have some prior experience serving on a community association board and […]