Stop! Before Raising Assessment Fees, Check Out These Cost Containment Strategies
Posted on Thursday July 05, 2018
Your association board is working on next year’s budget. You know how important the budget is, what it means to the future of your association. You know that your fiduciary responsibility is the most important commitment you make to your fellow homeowners. And you’ve planned, and figured, and followed all the budgeting steps, but you’re still staring at the one thing NO association board wants to do: an increase in assessment fees. Before finalizing that increase, take a long, hard look at cost containment strategies that can save your association money and help optimize your operating budget.
Posted on Tuesday May 29, 2018
Termites can cause quite a ruckus in Florida. Drywood, Native Subterranean, Formosan and Asian Subterranean Termites all call Florida home. If not properly checked, they can cause massive structural damage and lead to expensive repairs.
Hurricane Season is Here: Have You Talked to Your Vendors?
Posted on Thursday April 19, 2018
You probably don’t think about your vendors on a regular basis. As a board member, you see the invoices and authorize the payments, but they aren’t top of mind unless there’s a problem with the work – or an emergency. As a homeowner, you may see them doing work in your high-rise or community, but don’t generally interact with them. But your vendors are a critical part of your community’s emergency planning for any kind of hurricane or tropical storm and even more important when it comes to managing the cleanup and rebuilding.
Communication is Key to Hurricane Preparation and Rebuilding
Posted on Tuesday April 17, 2018
Whether you live in a Tampa high-rise, a Jacksonville gated community or an active adult property in Delray Beach, you know that hurricanes are a real risk. Hurricane Irma in September 2017 proved that, in a large enough storm, the entire state of Florida can be impacted by a hurricane.
Hurricane Season is Upon Us: How Well Do You Understand Your Community Association’s Insurance?
Posted on Monday April 09, 2018
With summer – and hurricane season – fast approaching, many community association boards are asking themselves the age-old question: “Are we prepared to weather a storm?” If your association is having a difficult time coming up with an answer, a good place to start is by assessing your existing insurance policies to verify that your community is adequately insured.
How Can My Association Pay For Capital Improvements?
Posted on Monday March 26, 2018
There’s a new building going up down the street. You’re hearing that it’s going to have the latest in amenities, energy efficiency and even parking spaces for electric vehicles. Looking around, you realize that your already-gorgeous building may need to do a little work to keep up with the Joneses. That means capital improvements.
What Should I Know About Planning and Executing Capital Improvements?
Posted on Thursday March 01, 2018
Nothing lasts forever. That includes elements of your community, from boilers and air conditioners to pool pumps and front gates. Replacement of any of these items, or adding new features to your property (a hot tub on the pool deck, for example) is considered a capital improvement because that work increases the value of the property. Capital improvements shouldn’t be undertaken lightly or on impulse.
Should Your Community Install Charging Stations for Electric Cars
Posted on Tuesday January 16, 2018
As more Americans switch from gasoline vehicles to electric vehicles (EVs), they need a convenient, reliable way to charge their cars at home. To meet that demand, more and more residential properties are installing EV charging stations. These will keep condominium properties relevant and marketable, and typically provide a positive impact to property values.
How Having a Clear Vision for Your Community Impacts Policies and Compliance
Posted on Monday December 11, 2017
As a board member, you want your community to grow and thrive. Having a vision for your community – the aesthetics of it, its reputation, the lifestyle services it offers and amenities it provides – is critical to its long-term growth and health. A well-crafted vision will transcend board and resident turnover and keep your community on track by helping your board craft the policies and procedures to support it.