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Seven Tips for Preparing an Effective Annual Budget
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. -
The Sharing Economy Part 2: Reducing the Risks to Condo Associations and Residents
Short term vacation rentals are popular with both travelers and the homeowners that rent to them. Perhaps you have stayed in a home that was advertised on Airbnb or VRBO. Maybe you have rented your home this way. For the most part people love this alternative to staying in a hotel or a B & B. But what are the implications when the home is part of a multi-family community? What about the common areas and amenities for which all the owners pay upkeep? There can be insurance implications as well. This article discusses some ways the risks to the condominium and its residents can be reduced. -
Six Simple Steps to Develop Your Condo Budget
A good budget provides the framework for the successful operation of a condominium corporation. Sometimes condo board members are daunted by this important undertaking. We have broken the task down into manageable steps to help you create a financial plan that will accomplish your goals. -
The Condo Residents’ (Unofficial) Bill of Rights and Responsibilities
Life in a multi-family community is much more pleasant when residents and leaders each understand their individual rights and responsibilities. As in all aspects of life, respect for each other and adherence to the rules are key components to successful community relations. -
The Secret to Great Board Member Communication
As a board member of your condominium corporation you have many responsibilities. Within your role time management and organization are two vital aspects in the life of a board member, but what about communication? Let us offer you some tips on ways to best communicate as you fulfill your duties. -
The Six Secrets to Building Your Condo’s Volunteer Pool
As a board member for your condominium corporation, you know that 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 corporation requires every facet of property management to work in sync toward one common goal...true financial stability. -
What Your Condo Corporation Needs to Know About the Legalization of Recreational Cannabis
The Canadian Senate passed Bill C-45 , known as the ‘Cannabis Act’, in June 2018 which legalized the recreational use of cannabis across Canada. The first G-7 country to do so! When Bill C-45 goes into effect on October 17 th , Canadians will be able to purchase, consume and grow up to four cannabis plants, as well as make cannabis-containing products at home. -
HOA Rental Policy: 5 Steps to Adopting HOA Rental Restrictions
HOA rental restrictions can bring several benefits to a community association if done properly. Here are five steps to follow when adopting HOA rental restrictions successfully. -
3 Ways to Resolve HOA Disputes and Community Conflicts
How do you resolve community conflict, prevent costly and time-consuming litigation and maintain a great reputation in the Nevada marketplace? Consider these three methods of alternative dispute resolution (ADR). -
11 Critical Questions to Ask About Your HOA’s Maintenance Plan
Is your preventative maintenance plan in need of a check-up? Read on to learn the 11 questions you should ask to assess your HOA’s maintenance health. -
Avoid These 5 HOA Board Blunders
To help you avoid the most common board blunders, we’ve identified four mistakes and some practical ways to avoid them. By preventing blunders, you can help steer your board in the right direction, which can ultimately help improve your overall community. -
HOA Committees and Volunteers: 8 Tips to Rally Residents
An effective Utah homeowners association will not only recruit great volunteers and committee members, but will empower them to help improve the community. The question is – how do you get there? -
Six Ways to Have a Better Board Meeting
Improved board meetings play a crucial role in building up your association’s reputation and relevance in the market, which ultimately helps improve property values. Learn the six principles for better board meetings. -
Market Trends & Best Practices: Property Insurance for Boards & Building Owners in 2021
Around the world, the property and casualty insurance industry experienced record losses from 2016 to 2019, and consumers are now feeling the effects on both a macro and micro scale. -
Mitigating Board Liability & Personal Exposure – Part One
A capable management company will enforce procedures and invest in technologies that help limit legal liability for the condo or co-op, and also mitigate board member personal exposure. -
Mitigating Board Liability & Personal Exposure – Part Two
Policy exclusions introduce increased risk to the board and often render a contractor’s policy meaningless. Properly vetting a contractor’s insurance is critical. -
Ask the HOA Insurance Experts: Why are Premiums Spiking by 30%?
Insurance premiums are on the rise. Find out why the markets are hardening and find the right coverage for your Arizona association. -
Flood Insurance for Condos and Co-ops in New York City
The rising cost of flood insurance and forthcoming changes to FEMA flood maps is a topic of discussion for condos and co-ops in the New York City area. -
Want to Become a Florida Community Association Manager? Here Are 7 Questions and Answers to Consider
Are you interested in becoming a Community Association Manager? It requires a passion for helping others, empathy, and dedication to providing quality customer service, among other things. Read our article to learn if it's the right fit for you. -
FAQ: How New York City’s COVID Vaccination Requirement Impacts Boards & Building Owners
As of December 27, 2021, New York City’s Department of Health requires building workers who perform in-person work to show proof of vaccination to their employer. -
Should Your Community Install Car Charging Stations for Electric Cars
More Americans are switching from gasoline to electric vehicles (EVs). Residential properties are installing charging stations to stay relevant and positively impact property values. -
Should Your Community Install Car Charging Stations for Electric Cars
More Americans are switching from gasoline to electric vehicles (EVs). Residential properties are installing charging stations to stay relevant and positively impact property values. -
Should Your Community Install Car Charging Stations for Electric Cars
More Americans are switching from gasoline to electric vehicles (EVs). Residential properties are installing charging stations to stay relevant and positively impact property values.