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: Steps Board Members Can Take to Protect Your Community
Posted on Sunday January 29, 2017
Isn’t technology wonderful? It’s made so many aspects of life easier, and that includes managing the operations of your community association. Technology does have its vulnerabilities, though, and it’s imperative that they be addressed. Your board can implement these four steps to begin putting your association on a more secure path.
Getting to Great: Guide For HOA Board Communication
Posted on Wednesday January 25, 2017
As a board member, one of your responsibilities is making sure that your community members have the information they need, when they need it. Consider these guidelines 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.
A Guide to Implement Your Budget Successfully
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.
Tis the Season… Make Sure Your Package Handling is Smooth and Efficient
Posted on Tuesday December 06, 2016
It’s the most wonderful time of the year! No doubt your high-rise building will be extra- busy with family and friends visiting residents, and with lots of packages being delivered! Online shopping is bigger than ever. Few things are easier than finding the perfect gift for a loved one while still in your pajamas and snuggled on the couch – no fighting mall traffic or bad weather, and deals abound. That said, holiday package delivery does have its own caveat: Will it arrive on time and safely?
Policies and Compliance 101: Guidelines for Making and Enforcing Rules
Posted on Tuesday October 25, 2016
The most important factors in association policy making, whether for a condo, co-op, townhome or master-planned community, are clarity and sensibility. When making a new policy, the board must present a united front and clearly communicate the policy and related consequences to all residents. Whether you live in an Alexandria condo or a Fredericksburg gated community, whether the policy is about overnight guest parking or designated smoking areas, the basic principles for crafting good policy and successfully enforcing it are the same.
Seven Tips to Finding a Reserve Study Firm
Posted on Monday September 26, 2016
Your Repair and Replacement reserve fund is what helps your association anticipate its future expense needs – and budget for it, too. This fund gives you the power to maintain the quality of your community by allowing for projects that are both necessary and expensive (like a future roofing or paving project, for instance). Needless to say, establishing this fund can get a little complex. The good news is that you don’t have to be a fortune teller to read the future of your association... you simply need a good reserve study firm to help. Here’s how you can find one.