How to Defend Your HOA or Condo Association Against a CyberattackAug 27, 2018You may not think cybercriminals have any interest in your condo or homeowners association (HOA), but don’t be so sure. As a small business, your association may be facing more risk than it did in the past.
5 Tips for Creating Condo and HOA Policies That Make SenseJul 30, 2018It’s a common problem that many condo and homeowners’ associations (HOAs) face: rules that simply don’t work as they were intended. Sometimes it’s because they are enforced inconsistently or aren’t enforced at all. Other times it’s because they go too far. At their worst, poorly instituted policies can even cause neighborhood discord.
3 Facts Most People Get Wrong About Condo Insurance, IllinoisJul 17, 2018If you’re on the board of your condominium or homeowners association (HOA), you undoubtedly take your fiduciary duty quite seriously. Part of your responsibility to protect the association’s interests includes finding the best insurance coverage at an affordable price. This may be easier said than done. Association insurance can be complex, and most board members are confused about the types of coverage they need and how each one works.
Row of pink piggy banks
3 Ways Your HOA or Condo Association Can Fund Capital ImprovementsMay 15, 2018Sooner or later, every homeowners association (HOA) or condominium association has to invest in capital improvements. Whether that means installing a new heating and cooling system in your high-rise building, replacing the roof on your clubhouse or upgrading the equipment in your fitness center, you can’t overlook these long-term, big-ticket items. But what’s the best way for your association to pay for them?
Aerial view of HOA members having a discussion around a table with a laptop and charts out
Five Steps to Running More Effective HOA Board MeetingsApr 11, 2018One of the most challenging aspects of being on the board of your homeowners association (HOA) can be running board meetings. It’s not always easy to keep everyone tuned into the business at hand. In addition, you have to manage the inevitable disagreements among board members. How do you keep these meetings running smoothly?
Home owner association volunteers sitting at a desk, smiling
The Six Secrets to Building Your HOA’s Volunteer PoolFeb 15, 2018Whether you’re on the board of a single-family homeowners association (HOA) or a high-rise condo association, your community depends on volunteers to operate successfully. However, finding residents who are willing to be on your board of directors, join a committee or help at an event can be challenging.
Does Your Association Have A Plan For Fostering A Sense Of Community?
Does Your Association Have A Plan For Fostering A Sense Of Community?Jan 18, 2018Humans are social creatures with a deep-seated yearning for connection and community. This is particularly evident in a condo association or HOA, where a strong sense of community can be the difference between long-standing residency and high turnover.
Active adults outside stretching, facing forward and smiling
Preventing Issues in Your Condo Association or HOA When Snowbirds Fly the CoopDec 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
Preventative Roof Maintenance is Crucial to the Sustainability and Longevity of Your RoofNov 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.
Smart Financial Planning
Smart Financial PlanningSep 26, 2017Safeguarding 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.