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Demystifying Maintenance and Repair Roles for Residents in Your Condo Association

Posted on Friday December 15, 2017

How well do homeowners in your condo association understand maintenance responsibilities? 
You might think that responsibilities for maintenance, repairs and replacements would be straightforward enough – what’s inside the condo unit is the homeowner’s, and what’s outside is the association’s.You might think that responsibilities for maintenance, repairs and replacements would be straightforward enough – what’s inside the condo unit is the homeowner’s, and what’s outside is the association’s.

Preventing Issues in Your Condo Association or HOA When Snowbirds Fly the Coop

Posted on Wednesday December 13, 2017

As Illinois anticipates spending the winter months knee-deep in snow, it’s likely that some residents in your condo or homeowners association (HOA) are anticipating spending their winter in a warmer climate.

Preventative Roof Maintenance is Crucial to the Sustainability and Longevity of Your Roof

Posted on Thursday November 16, 2017

We can all agree there are many important elements to a housing structure, but your roof is probably the most important. Changing temperatures, snow accumulation, large amounts of rain, ice dams and high winds can all cause major damage to condominiums, townhomes and single-family homes. These harsh weather conditions can create all sorts of problems, from minor leaks to major cave-ins that can cost an association thousands to repair.

How an Integrated Maintenance Plan Can Keep Your HOA From Walking on Thin Ice

Posted on Wednesday November 01, 2017

Cold weather will soon be upon us, so now is the time for your homeowner association (HOA) to make sure your maintenance program is on track. As brutal as Chicago winters can be, you certainly don’t want to discover a leak in your roof during a heavy snowfall or have a boiler stop working during a record cold spell. Don’t get caught in the cold!

Smart Financial Planning

Posted on Tuesday September 26, 2017

Safeguarding an association’s operating and reserve funds is one of the main fiduciary duties of all Chicago board members, not just the treasurer. This means that boards must protect the financial interests of the association and its members by making sure all funds are properly managed, invested and protected.

True Financial Stability

Posted on Tuesday September 26, 2017

A strong, healthy association requires every facet of property management to work in sync toward one common goal... true financial stability.

Preventative & Predictive Maintenance are Critical to Your Replacement Reserves

Posted on Thursday September 14, 2017

Reserve studies are based on the assumption that components will reach their maximum useful life. However, if a preventative maintenance plan doesn’t accompany your reserve study, it’s highly unlikely some components will ever reach their maximum useful life. 

Understanding Community Association Reserves and Reserve Studies

Posted on Tuesday September 12, 2017

One of the most important responsibilities your community's board of directors faces is effectively planning for major common-area repairs and replacements. Whether a costly expenditure is needed in a few years or not for 20, it’s the board’s fiduciary duty to make sure your community association has adequate funds when the time comes. That’s where reserve funds come into play. 

Association Budgets: Mapping Out Your Strategic Plan

Posted on Tuesday July 25, 2017

Dive into what it takes to have a strategic plan for the budgeting process. 

Association Budgets: Things to Consider When Creating Your Budget

Posted on Monday July 24, 2017

The annual budgeting process offers an opportunity for your board to explore your association’s current financial condition and to ensure your community’s financial stability for the future. Successful association management hinges on a well thought out budget for both short-term and long-term planning. 

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