Preventative vs preventive maintenance: What your building should know

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.

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.

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.

When looking for management services, there is often times the debate whether to go with a local company or a national management company. Read the Chicago Tribune’s article comparing hometown professional management companies to a mega-manager. Our very own CEO, Chuck Fallon, even weighs in on the subject.

Building security is important year round for condo buildings, but the holidays pose additional issues and heightened traffic. Here are several tips for homeowners, residents, and management to ensure a safe and enjoyable holiday.

Energy conservation and managing HOA community environmental footprints are crucial, but board members have a responsibility to homeowners to exercise financial prudence and proactively seek ways to manage rising costs.

CondoLifestyles magazine published an article on Lake Point Tower highlighting the many property enhancements and improvements which have elevated the iconic high-rise to remain competitive with newly constructed communities.

Unfortunately, crises can occur anywhere. That’s why it is so important for Associations to have an emergency response plan in place. Is your association prepared to handle disruptive or violent incidents? Read more on how to prepare for the worst-case scenario.