In the latest edition of the Condoboss Q&A series, Salvatore J. Sciacca sat down and interviewed Michael Carpenter, the VP and GM of service at YMI Mechanical and asked him questions on how to help community associations properly maintain their HVAC equipment AND save time and money. Condoboss (CB): What are the best ways to properly […]
Tag Archives: best practices
Best Practices
I was at one of my monthly networking events last night and I was speaking to a friend of mine. Somehow the conversation took a turn that ended up with me laughing to the point that I almost peed in my pants. We agreed that I should write blogs for board member dummies. Now I […]
What are the Top 10 Do’s and Dont’s Before Approving Your 2015 Community Association Budget? Believe it or not, it’s already time to start planning, preparing and approving the 2015 budget for your condo, townhome or HOA community association. This process is actually one of the most critical elements of creating and sustaining a healthy […]
What does the ULTIMATE Community Association look like? Is it some dreamy far off place that is on another planet? Or is it really something that is truly possible to create?Is it the condo management company’s responsibility? Or is it the responsibility of the board of directors? What are the benefits of this? Why bother? Let’s start by […]
See what Salvatore J. Sciacca had to say in the latest article written by Pamela Dittmer McKuen in the Community Living Section of the Chicago Tribune The article is titled “Know what to look for when dealing with contractors” Community associations hire dozens of contractors to perform myriad maintenance and administrative tasks. Some are major […]
Condoboss Q&A #6 with Tom Rivkin: What Condo Associations NEED TO KNOW Before Starting a Masonry Restoration Project Tom Rivkin is his family’s third generation President of Central Building & Preservation L.P.. He is responsible for management of all administrative and operational services including customer contact, estimating and job planning and supervision. A past president […]
One of the biggest benefits of hiring an effective condo management company is the potential savings that otherwise would not occur if the association were self-managed or with an under performing condo management company. And since those benefits are not always so obvious, I would like to take a few moments and describe exactly how […]
One of the most common question asked by condo association board members AND homeowners is whether or not it is a good investment to hire a management company. This question is of particular relevance to smaller associations that are under 25 units. Coincidentally, the vast majority of condo associations in Illinois are under 25 units. […]
As a community association business owner over the last 13 years, I have heard countless stories on how condo association boards hired low cost management companies to save money. But the question that really needs to be asked is “Does that really save associations money overall?”. I will attempt to address this very important question […]
This is a question that is asked frequently by condo association board members and homeowners. There is really no scientific formula that is applicable to address this question. There are however a number of key factors that help determine the answer. Determine Funding Methodology. Does the association want to operate on the principle of full […]