Articles

Service dogs and comfort animals help individuals with disabilities enjoy a greater quality of life. And it’s up to all of us – including condo associations – to ensure they have equal access to the amenities and services all of us should enjoy.

How can a community Board of Directors prepare to make their election a positive experience that provides a foundation for the future? Learn more with these guidelines.

It’s always great to have a reliable partner by your side. Whether it’s a family member, someone at work, or even a fellow member of a sports team on which you play, knowing that someone has your back can instill you with confidence and comfort.

It’s an issue that every condominium board faces sooner or later: how many renters should our association allow in our community? 

As part of your responsibility to preserve, protect and enhance your community association, you may choose to bring in a professional property management company.

Community associations are structured much like any other corporation with boards of directors, officers and members. They must operate as businesses whose board members aim to meet federal, state, local and association governance requirements.  Holding required meetings helps ensure that the business of the association is conducted in the most effective, appropriate and transparent manner. 

The board members of your community association serve many important leadership functions. Although they may have diverse backgrounds and skill sets, they are all committed to the common goal of bettering your community association, taking actions that ensure its financial health, enhancing property values and improving the lifestyles of the residents. 

What can happen if you don’t have an effective board treasurer?

As a community association board member, one of your chief responsibilities is to protect the financial interests of your association and your fellow residents. That includes making sure that the association’s reserve and operating funds are carefully managed, protected and invested. Smart decision-making and sound financial stewardship are critical to the association’s long-term financial stability and health. Unfortunately, even the best-intentioned board members may not have the experience or financial knowledge to choose the right banking programs and products to meet their community association’s needs. What should you look for when choosing the best banking program for your association? Read on…

The principles to fiscal fitness and physical fitness aren’t that different: Don’t overindulge. Make smart choices. Keeping your community association’s finances healthy requires care and exercising good judgment. Follow our tips to help you do that.

Community associations can be wonderful. They have amenities that otherwise might not be so close to home, like a community pool, fitness center, golf course or riding trails. Being part of a managed community often means having shared interests with your neighbors, imparting a sense of community that isn’t easy to achieve in an ever-transient world. It means that everyone abides by the same high aesthetic standards. But none of that happens without stable finances, including a balanced budget and a well-funded reserve.