How to Create a New Revenue Stream from Your Amenities
Posted on Wednesday February 01, 2017
Savvy boards are always keeping an eye out for ways to maximize revenue. If you’re interested in ramping up your revenue streams, take a look around and imagine the possibilities. Read tips on how you can generate cash flow from your existing amenities.
Cyber Safety: How Board Members Can Help
Posted on Sunday January 29, 2017
Technology has made so many facets of running any business easier. With all of that technology comes some risks. Hackers make careers out of trying to access data for fun and profit. Thankfully, there are things that you, the board, can do to help keep your community data safe.
Communicating Clearly: A Guide for Your HOA Board
Posted on Wednesday January 25, 2017
Board members, among all the other things they do, must make sure that residents are properly informed about happenings in the community, upcoming events, policy changes and more. Community residents rely on that information and it needs to be clear and consistent. Consider these questions as a roadmap to great communication that will keep everyone on the same path.
The Importance of Having a Partner to Manage and Activate Community Amenities
Posted on Monday January 23, 2017
Having a swimming pool, a fitness area, or a clubhouse for residents are perks that can make any community stand out. A good management company has people with many years of experience operating and maintaining these types of features, and they can offer many helpful ways for you to get the most for your community. Here are some ways your community can benefit from the experience of a community association management company, and make your job as a board member a little easier.
How to Execute Your New Association Budget
Posted on Monday January 23, 2017
You’ve done all the homework. Crunched the numbers. Your reserve study is complete, your vendor agreements have been checked and your budget is done! Now what? There’s an entire process to creating the budget, followed by implementing it, and clear communication to homeowners, through every step of the process, is the best way to avoid problems.
Ten Building Security Tips
Posted on Thursday January 19, 2017
We are all concerned about safety. High Rise management companies and Board members, who have a responsibility to protect the common property, must pay particular attention to security at their properties. A secure condominium means a happier and safer community, and that is what is most important to owners and residents.
Policies and Compliance 101: Making Good Rules for Your Community Association
Posted on Tuesday October 25, 2016
Good rules are essential to a great community. The most important ingredients in creating community association policy are clarity and sensibility. The board must be clear on the policy being crafted and then must communicate that policy to all residents. Regardless of the subject matter of the policy, the basic steps to creating a good policy and enforcing it successfully are the same.
Seven Steps to Finding the Right Reserve Study Firm
Posted on Monday October 03, 2016
Your association’s reserve fund helps your board anticipate its future – and budget for it, too. This fund gives you the power to maintain the quality and curb appeal of your community by funding projects that are both necessary and expensive, such as roofing, paving and remodeling or updating common areas.
Although establishing and managing this fund can get a little complex, you don’t need a crystal ball to see the future of your association...you just need the right reserve study firm to help. Follow the tips below to help your association find the right firm.
Seven Steps To Preparing a Sound Budget
Posted on Thursday September 08, 2016
Working on the annual budget for your association can be a source of tension or stress, but it also provides the best opportunity to protect the financial health of both your association and your homeowners. Proper community association management relies on this financial tool for both short-term and long-term planning, so it’s important to follow some guidelines and best practices.