As we approach the end of the year, and before we dive into the holiday season we must keep in mind to set a budget for the rapidly approaching new year. Budgeting and forecasting is no fun and I agree it can be stressful, but it is certainly one of the ways to help preserve […]
Hiring a new community management company is different from choosing a new cable company, but in our age of endless options, some board members may approach their selection process in a similar way. This falls in line with the current consumer mindset. Where once consumers might have had to pick between a few options, they’re […]
Why do people choose a community association such as a condo, townhome or homeowner association? Is it because they want a maintenance-free living experience and chances to meet and mingle with neighbors? Or, are they looking to feud with people about noise issues such as barking dogs, revving motorcycles and upstairs neighbors walking in high […]
As a board member of a community association, it is your duty and responsibility to operate the association as efficiently and effectively as possible. It is also your fiduciary duty to operate the association as fiscally responsible as possible. A great way to ensure this approach is to hire a responsible and accountable community management […]
One of the most impactful elements of community living is the quality of the relationship between the board of directors and the community property management company. This relationship can really influence the community living experience for board members, homeowners and residents alike. Unfortunately, the relationship’s health is often overlooked and either the board or a board […]
After having served in the community association industry for over 15 years, I have decided to start sharing some of the immense knowledge that I have accumulated. Having an electrical engineering background, my forte was not writing initially. In fact, I don’t even ever remember taking a writing class during my university studies. That said, […]
Are you a board member of a condo, townhome or HOA? Are you a property manager? Or perhaps a community manager of a high rise? Or a portfolio manager of several community associations? Are you looking to take on a new painting project or a tuckpointing capital project? Are you looking for a new CPA […]
How prepared is your condo, townhome or HOA association? According to some weather pundits, Old Man Winter is supposed to pack a mean punch this time around and make up for the super mild winters we have had recently especially in the Chicagland area. So it is extremely important to ensure that YOUR community association […]
Are you serving on the board of directors of a community association? Do you spend more time than you care to admit volunteering for the board? Do you even realize that you should have already approved your 2017 budget or should have a budget approval meeting coming up within the next few weeks? Well let […]
Why Do People Live In a Community Association? In the US, there are now 350,000 community associations with 66.8 million or 22% of the US population living in them. Compare this to 1970 when there were only 10,000 communities and only 2.1 million people living in them. So why are more and more people moving […]