As a board of directors for a condo association, townhome association, or HOA, one of your biggest responsibilities is to ensure capital projects are properly funded and implemented. Unfortunately, this is an area that tends to create some of the most challenging problems for associations – especially since capital projects involve large amounts of money. The problems that typically arise around capital projects include but are not limited to the following:
As a result of these typical capital planning problems that plague community associations, I have decided to share 6 simple steps that will GUARANTEE a smooth and successful capital project implementation each and every time.
Capital projects are expensive so it only makes sense to handle them in the best way possible. By following these 6 key steps, you are certain to complete each and every capital project successfully and headache free.
About the Author
Salvatore J. Sciacca aka “Condoboss” is one of the nation’s leading experts in the community property management industry and is also recognized for his stress relieving blogs and insight on personal and organizational transformation. He is also the President and Founder of Chicago Property Services, Chicago’s #1 community property management company specializing in management and operations of condos/townhomes/HOA’s of 100 units and under. Salvatore is also the founder of managmycommunity.com (MMC), which is a state-of-the-art online support portal for community associations.
With over 20 years of industry experience, Salvatore is recognized for his extensive knowledge of capital planning, preventative maintenance, cost-saving measures and community building techniques. He holds industry stature as a Certified Manager of Community Associations (CMCA), the designation of Association Management Specialist (AMS) and is fully licensed as a manager (License #: 261.001386) through the State of IL.
Salvatore has also traveled extensively around the world and has meditated with Buddhist monks in Nepal and met the world’s happiest man, Matthieu Ricard. He’s passions include cooking, traveling, meditating and hiking. He is also the founder and executive director of the Chicagoland Italian American Professionals organization.
Salvatore can be reached at: 312.455.0107 x102 or at firstname.lastname@example.org.