Rental Restrictions: How Should My Community Association Limit Rentals?
Posted on Thursday February 15, 2018
At some point, every community association board has to decide how much rental housing to permit within the association.
All too often, the solution usually arises in the form of what is mostly an arbitrary percentage. Yet this simplistic approach ignores the complexities of individual communities and the specific character of your particular residents.
What Should My Association Board Look for in a Management Company?
Posted on Friday October 27, 2017
As part of your responsibility to preserve, protect and enhance your community association, you may choose to bring in a professional property management company. Professional management can provide a depth of resources that you may not have access to otherwise, can help you optimize your budget while improving your residents’ lifestyles and more.
What Are the Qualities of an Effective Board Treasurer?
Posted on Friday August 18, 2017
The board members of your community association serve many important leadership functions. Although they may have diverse backgrounds and skill sets, they are all committed to the common goal of bettering your community association, taking actions that ensure its financial health, enhancing property values and improving the lifestyles of the residents. What can happen if you don’t have an effective board treasurer?
Creating Your Next Budget: Nine Easy Steps
Posted on Monday July 31, 2017
There’s no reason to put off your next annual budget. You’re not just planning for the next year; you’re planning for the long-term quality and longevity of your community. We know that budgeting isn’t necessarily easy, but there are things you can do to make it less stressful and more rewarding for everyone involved. Read on for expert advice on how to budget more easily.
Emergency Preparedness: Is Your Building Staff Ready?
Posted on Wednesday July 12, 2017
In Philadelphia, building emergencies present themselves in various forms – from power outages and gas leaks, to floods and fires and even security risks. The one thing that links all these together? They happen when you least expect it. It is essential for your building’s management team to prepare for the unexpected through continuous education and training. Is your building staff ready?
If Disaster Strikes, Is Your Community Association Covered?
Posted on Wednesday July 05, 2017
Mother Nature has quite the surprises to throw at us! Sometimes, there’s some notice and time to prepare. But often, there’s no warning at all. That’s why it is critical to the financial health of your community association that you have the correct insurance coverage in place. What can happen if your high-rise building or community association common areas aren’t properly covered? Unfortunately, nothing good. That's why it is important to make sure your Association is covered with insurance.
Emergency Preparedness: What You Need to Know, and How Your Property Management Company Can Help
Posted on Thursday June 29, 2017
Although you can’t predict emergencies, you can prepare for them. The most important thing that both board members and management can do to ready themselves for the unexpected is to create a customized emergency preparedness plan. A quality community association management company will have the experience, resources and knowledge to help you develop a plan that fits your specific situation.
How Should You Enable Board Member Succession?
Posted on Monday June 19, 2017
Every successful business organization plans for succession: who comes next as far as leadership? Succession needs to be an integral part of corporate strategy, and great leaders know that. They look for team members who have the potential to lead and encourage and mentor them toward those leadership positions. This is just as important for your community association board as it is for a Fortune 500 company.
Beyond the Manager: Discover the Value in Your Management Company
Posted on Thursday June 15, 2017
We all want to get the most for our money, and your community association is no different. When hiring a management company, it’s easy to focus on the bottom-line price and not understand the differences in real value among the proposals you see. The right community association management company will provide you with so much more than a good manager.