What Makes a Condominium or Homeowners Association Board Successful?
Posted on Monday January 02, 2017
Serving on a homeowners or condominium association’s board of directors is not an easy task. You are making decisions that impact your community and neighbors. So what makes one board more effective than another? The Cooperator Chicagoland recently interviewed FirstService Residential Illinois President Asa Sherwood to find out the secret behind some of the Chicago area’s most successful associations.
What Makes A Property Manager Extraordinary?
Posted on Monday December 26, 2016
What does it take to be successful in the residential property management industry? Top Agent Magazine recently interviewed FirstService Residential’s Daniel Valdes to discover what has helped him become a leader in the industry.
2017 Chicago Recycling Ordinance: What Your Condo Association Needs to Know
Posted on Monday December 19, 2016
Homeowners associations for buildings in Chicago should be prepared for some changes to the city’s recycling ordinance. Effective January 1, 2017, both residential and commercial multi-unit buildings will be required to implement “single-stream source-separated” recycling programs. What does this mean, and how, exactly, should your association’s board of directors go about ensuring that your building is compliant?
New Illinois Law Gives HOA Boards More Leeway in Holding Closed Meetings
Posted on Monday December 12, 2016
Good news for board members of homeowners associations: Legislation effective January 1, 2017, makes it easier for association boards to hold closed (executive) sessions. What’s especially significant about the law is that it mitigates particular aspects of the First Appellate Court decision in Palm v. 2800 Lake Shore Drive that had left many board members frustrated.
The Three Keys to Effectively Delegating to Your Property Management Company
Posted on Monday November 21, 2016
One of the benefits of working with a property management company is being able to offload many tasks that you and the other board members would otherwise have to handle. However, that doesn’t mean that you are relieved of all responsibilities. There will always be some duties that lie entirely in the hands of board members. Read more for tips on how to successfully effectively delegate to your property management company.
Vacation Rentals Part 1: The Sharing Economy’s Impact on Your Association
Posted on Thursday November 10, 2016
While traveling, the idea of staying where the locals live and experiencing the city from a new perspective is appealing to many. Vacationers have the chance to blend in and enjoy the comforts of home, away from home—that’s the luxury of the sharing economy. However, for condominium and homeowners associations, there are numerous issues to consider, including legal regulations. Read more about how the sharing economy may impact your building.
Three Keys to Adopting Rental Restrictions in Your Homeowners Associations
Posted on Friday November 04, 2016
Rentals can be a contentious topic when you live in a homeowners association. And as with most things, there are plusses and minuses when it comes to restricting rentals in your building or community. If your association is considering adopting rental restrictions, here are three things you need to do.
How to Get the Most Bang for Your Association’s Buck
Posted on Wednesday October 19, 2016
When your association's budget is tight, saving even a few hundred dollars is welcome. But what if you could save thousands? Read these tips to improve your association's financial fitness and help you get the most bang for your buck.
Five Mistakes that Can Ruin Your Budget
Posted on Thursday October 06, 2016
One of your most important duties as a board member is fiscal stewardship. And at the core of that duty is your annual budget. One thing you can do relatively easily is to make sure you avoid some common budget pitfalls. To help you recognize—and dodge—typical budget blunders, we’ve created a list of the five most common mistakes we have seen HOA boards make.