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What can you do to reduce landscaping costs and use your dollars more effectively? Fortunately, a lot! Discover seven simple ideas to help preserve the green around your grounds and in your budget.

The fact is, money matters—and frugally stretching every dollar has become a popular trend. So it should come as no surprise that condo owners are now leveraging their homes as short-term rentals to make a little extra money. However resourceful this may be, renting out your home on a short-term basis has the potential to negatively impact property values, the quality of life for residents in your building and the overall morale of your community. Let’s talk about proactive, practical solutions to combat this rising trend before it becomes a real problem.

Online rental businesses like Airbnb and VRBO have been actively supporting the shared economy and petitioning for standardized regulation of short-term rentals in Texas and across the US. Learn how this trend can impact your community.

Rental restrictions, like many other association policies, have their ups and downs and can be a hot topic of conversation for homeowners association (HOA) boards. While governing documents sometimes address this issue, more often the intricacies of individual communities and the specific character of residents can make this a more subjective matter. If your community is considering implementing or updating its community rental policy, here are a few things you should consider.

No matter what kind of vendor your HOA needs – a caterer for your onsite party, a roofer to repair post-hurricane damage or a painter to spiff up your lobby – your board should never take a casual approach to the hiring process.

After partnering with thousands of board members like you, we've identified 5 tips to help you be successful this year.

Online access to user-friendly host platforms like Airbnb & HomeAway have contributed to skyrocketing numbers of short-term rentals. While a vast majority of rental stays are uneventful, the sheer number of travelers who use these services mean that accidental or even fatal injuries can occur. Take action to make sure that your homeowners' association is educated on insurance risks and coverage for the unexpected.

How much do you know about community association insurance? Although your bylaws and declarations include requirements to provide community association insurance coverage, most board members don’t know as much about it as they should.

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.

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.

Creating your condominium corporation’s annual budget is one of the most important responsibilities your board has. It takes a lot of hard work and may require spending decisions that won’t be popular with unit owners. Consequently, owners may voice strong objections or even question the board’s ability to manage the corporation’s money.

When people live in close quarters, it is inevitable that they will hear sounds from neighbouring condos from time to time. Noise between units can be minimized in many ways. One of the most effective tools for a condominium board to implement is a flooring policy that guides owners when they want to replace their floor coverings. Choosing the right products makes a big difference when it comes to the transfer of noise between condominium units.

Humans are social creatures. Since the dawn of time, we’ve had a deep-seated yearning for connection and community. This is particularly evident in a condo corporation, where a strong sense of community can be the difference between long-standing residency and high turnover.

If you’re like many board members, one of your most challenging jobs is running your condominium corporation’s board meetings. Keeping everyone on task and addressing board member disagreements is not always easy. So what can you do to manage your meetings more effectively?

Determining the annual budget is an important responsibility that condominium board members know is important to the financial success of their community. This article discusses things to consider when making the important budget line-item decisions.

Summer vacation is an exciting time-it’s great to get away! There’s no end to the adventures that await us all. At the end of the journey, though, you want to come home to a home that is safe and well looked after in your absence.

Rules are essential in a multi-family community. They layout expectations for the residents and promote a spirit of co-operation amongst the group. When the board-set policies are violated, a defined set of steps should occur to encourage compliance. It is important for a condo board to craft their policies thoughtfully, looking at the rules from all angles to determine the balance between the need, property values and homeowner freedom. Here are eight steps to consider when developing policies for your condominium.

As a condominium or HOA board member, how do you deal with contentious issues? This article discusses five steps to take to foster a spirit of cooperation among board members and diffuse difficult situations.

Pet owners love their pets, but not everyone else feels the same. When people live in multi-family communities it is imperative to create a balance for all residents, whether they have furry companions or they don't. How can this be achieved? A good start is clear bylaws and pet policies that consider the needs of all.

For a condominium corporation, great communication relies on an open exchange of information, thoughts and ideas among residents, board members and your property management company. When communication is done well, you can get the answers you need, tackle challenges and strengthen community spirit.

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 a condominium corporation thousands to repair.

Sometimes confusion exists over what expenses the operating budget covers and those that are reserve fund responsibilities. If board members understand the difference between the two, it's much easier for them to make the correct decisions when managing the affairs of the condominium corporation.

There are so many things to enjoy about living in a condominium community. Among them are the sense of community, the great amenities and the high standards. However, if your condo corporation’s finances aren’t stable, none of it is possible.

Proper condominium management depends upon the annual budget for both short- and long-term financial planning. It’s important to follow some guidelines to ensure the success of the community and protect the investment of the owners.