Are you a board member of a community association like a condo/townhome or HOA association? Does your community association have window lintels? Maybe you are not sure? This video is designed to explain the basics of window lintels and there is a quiz at the end to test your knowledge. #condomanagement #boardofdirectors #community #associations #HOA […]
Approving the annual community association operating budget is one of the most important obligations of the board of directors. It is also the duty of the board treasurer to take the lead in this endeavor and ensure that a budget is approved in a timely fashion i.e. before the end of 2018 and in […]
Do you live in a Chicago based condo association? Or perhaps a townhome association or an HOA? What are the most important questions to ask your new potential management partner? How do you insure that whatever company you hire actually delivers on all the promises. Are you feeling frustrated with the vetting process? Have you […]
Are you a homeowner living in a community association such as a condo, townhome or HOA community? How is your living experience so far? Is it living up to your expectations? What were your original reasons for buying into a condo association, townhome association or an HOA community? Was it because it was “maintenance free” […]
One of the most widely asked question by the condo community association board Treasurer is how much should be in the reserves. Another typical question which is essentially the same is “How much should our association put away into the reserves as a part of our annual budget”? The answer is far from simple especially […]
Are you a board member of a condo or townhome association? It is critically important that you schedule regular board meetings and an annual meeting. This YouTube educational video will show you step by step on how to schedule board meetings and annual meetings for your community association. It will also show you how to […]
Do you serve on the board? Do you realize that the typical base fee of condo management companies (that serve smaller buildings ie. 100 units and under) only covers about 33% to 50% of their total income? Do you realize that the base fee you are paying your management company is not really all that […]
Board members are the key decision makers for community associations such as condos, townhomes and homeowner associations. They are the people that volunteer and take the time to oversee the day to day operations and long term planning of the community. They are the ones that are supposed to look out for the community with […]
Are you a condo board member? Do you have trouble getting projects done for your condo association? Are you constantly calling and reminding your management company about a project that never gets done? Check out this Youtube video and see how projects get DONE!
One of a board of directors’ most important functions is to plan long term. Yet, that task is one many boards ignore or won’t discuss. Additionally, the level of long-term planning seems to vary depending on the community’s size. Larger communities (100+ units) tend to have better long-term planning than smaller ones do. Plus, Illinois […]