When it comes to condominium law in Chicago, expertise and experience are key. Whether you’re a homeowner, a condo association member, or a developer, navigating the complexities of condo law requires top-notch legal guidance. Before we discuss who the top Condo law firms are in Chicago, let’s talk about why it is crucial to hire […]
As a board member of a condo, townhome, cooperative, or HOA association, choosing the right management company is a pivotal decision. Here are ten steps to guide you through this process: Identify Your Needs: Understand the specific needs of your association. Do you require full-service management or just financial administration? Research: Start by researching management […]
Are you a board member of a condominium building in Chicago’s West Loop? Are you dissatisfied with your current management company and looking for a change? If so, you’re in the right place. We understand that managing a condominium association, especially those with over 40 units, can be a complex task. It requires a professional […]
Enhancing Community Living, One Association at a Time Introduction As a board member of a condo association, you understand the unique challenges and responsibilities that come with managing a community. From maintenance and financial oversight to resident satisfaction, the role demands expertise and dedication. That’s where Chicago Property Services steps in. Who We Are Chicago Property Services is […]
Board meetings are the backbone of any condo association, providing a platform for decision-making and problem-solving. However, running these meetings effectively and efficiently can be a challenge. It is important to run effective board meetings yet ensure that the homeowners that participate feel welcome and have an opportunity to participate as well without derailing the […]
Community associations around the world are facing increasing costs. From rising utility expenses to increased insurance premiums, associations are constantly facing rising expenses. This typically results in the board of directors having to raise assessments. Some associations raise assessment annually by a very moderate amount and others raise the assessments by larger amounts because they […]
As a board member of a community association, it is important to find ways to limit the increases in assessments. Although assessment increases are inevitable, the amount of increases can be moderated by finding additional sources of income for the community association. Larger communities have more ways to increase non-assessment income however even smaller associations […]
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 […]
As a board member of a community association, you know the importance of maintaining a well-manicured and attractive outdoor space. This approach will enhance the homeowner/resident community living experience and property values. But with so many landscaping contractors to choose from, how can you guarantee that you select the right one for your community’s unique […]
Now that we have entered into 2024 and the budgets are set, associations are undoubtedly looking for ways to save money and put larger amounts of money into the reserves. Here are 10 ways to help you accomplish these goals. 1. Reduce energy consumption: Utility prices have risen considerably over the last few years. As […]