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Planning and Executing Capital Improvement Projects
A successful capital improvement project requires a lot of planning to ensure that things go as smoothly as possible. Does your community know where to start? -
3 Ways to Pay for an Association Capital Improvement Project
When your association has to invest in its property, whether for repairs or a new construction project, the financing for that work must be considered as carefully as the work itself. -
A Capital Improvements Plan for Your Georgia Association
A successful capital improvement project requires a lot of planning to ensure that things go as smoothly as possible. Does your community know where to start? -
5 Steps to the Best Reserve Study Firm
Nothing lasts forever and you need to have a plan to replace major items and systems before their lifespans end. How do you create that plan? Start with a quality reserve study. -
Slow and Steady: 5 Surprising Benefits of Raising Your Dues
It’s that time of year again – budget season is upon us. You know the things to consider when creating your budget, but what drives your process? Are you focused on achieving a particular vision for your community? Avoiding conflict in the community? Solely looking to avoid increasing dues? -
Communicating Your Association Budget
Budgeting is the time for making tough decisions for how your association spends its money, and sometimes those decisions can, unfortunately, lead to contention. Clear communication about the association budget should be provided to all homeowners throughout the year to help solve problems before they begin and smoothly pave the way for needed changes. -
Creating Condo and HOA Policies That Make Sense
It’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 HOA policies can even cause neighborhood discord. -
Does Your Association Have A Plan For Fostering A Sense Of Community?
Humans 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. -
Five Steps to Running More Effective HOA Board Meetings
One 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? -
Planning Your High-Rise Maintenance and Capital Improvements
Your association should never have to rely on a special assessment for a capital expense that could have been foreseen – or even prevented. Here are five tips to keep your Chicago high-rise condominium association's budget in the black and keep up with maintenance and capital improvements. -
The Six Secrets to Building Your HOA’s Volunteer Pool
Whether 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. -
Email Communication
You may be unaware that you are opening up all of your emails to scrutiny. When using a personal or work email address to conduct association business, there is a potential liability involved. -
How Can My Association Fund Capital Improvements?
Nothing lasts forever…and when it comes time to replace your high-rise roof, community pool or to add new amenities, your association will need to determine how to pay for it. All of these things – significant repairs and replacements, as well as new construction – are considered capital improvements. -
How Can My Association Increase its Capital Improvement Budget?
Nothing lasts forever…and when it comes time to replace your high-rise roof, community pool or to add new amenities, your association will need to determine how to pay for it. All of these things – significant repairs and replacements, as well as new construction – are considered capital improvements. -
Does Your HOA Have A Plan For Fostering A Sense Of Community?
Humans are social creatures with a deep-seated yearning for connection and community. This is particularly evident in an HOA, where a strong sense of community can be the difference between long-standing residency and high turnover. -
Five Steps to Better HOA Board Meetings & HOA Board Meeting Protocol
One 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? -
How to Establish Sensible HOA Policies
Rules and regulations are important in any homeowners association (HOA). But when they aren’t enforced, are enforced inconsistently, or go a bit too far, they can create resentment and put your HOA at risk. -
Smart Financial Planning
Safeguarding an association’s operating and reserve funds is one of the main fiduciary duties of all 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. -
The Do’s & Don’ts of Board Communication
The tips in this quick reference guide will help your board communicate better with residents in your community association. -
The Six Secrets to Building Your HOA’s Volunteer Pool
Whether 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. -
True Financial Stability
A strong, healthy association requires every facet of property management to work in sync toward one common goal...true financial stability. -
Understanding Community Association Reserves and Reserve Studies
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. -
Repairs and Maintenance vs Capital Expenditure: What's the Difference?
It’s no secret that association management is a big job. Across Minnesota, common areas require a lot of routine maintenance to uphold community standards – things like exterior light bulb replacements, landscaping and paint touch-ups. Depending on your townhome community, the scale of your amenities' needs will vary. -
4 Tips to Improve How Your Board Communicates the HOA Budget
Developing the annual budget for your homeowners association (HOA) is one of your board’s most important jobs. It requires hard work and often means making difficult decisions about spending. At times, homeowners may question some of those decisions or even vehemently disagree with them.