The success of most condo associations depends on their finances. This is an important aspect not just for board members but also for homeowners and investors. Many argue that the first indicator for HOA finance health lies in the quality of maintenance and the physical outlook of such an association. The advantages of always evaluating […]
11
May
May
HOAs have seen a massive expansion in the past few years. It is estimated that 80% of new properties all belong to an association. Most people understand the benefits such as; value, quality of amenities, and structure that comes with living in an organized association and choose to live in them. However, the process of […]
26
Apr
Apr
Do you live in a home or condo that is part of a community association? Many people do. Have you ever considered who is running the books? The association’s finances can greatly affect everyone who lives in the community, so why would anyone ever leave the books to a novice? Why Hire a Professional When […]
24
Mar
Mar
An unpleasant but necessary community association task: the official violation letter. No matter what, HOA violations will occur at some point. So what can be done to prepare for them? How can one help prevent them? Whether you are a homeowner or a board member, understanding common violations and how to resolve them is necessary. […]
10
Mar
Mar
Condo associations are tasked with budgeting and seeking improved ways to reduce expenses and saving money. It is difficult to slash expenses because of several considerations that go into making condominiums an option for homeowners. It would make perfect sense to review priorities and ensure efficient use of the allocated budget. These are effective ways […]
10
Mar
Mar
Every commercial property needs a property manager or management team. Once the manager/management is in place however, finding their fraudulent activities and/or theft can be difficult. Let’s examine why you need an extra pair of eyes, by looking into a real life scenario. Meet Thief Jessie Jessie is a top property manager. People rush to […]
10
Mar
Mar
Every successful condominium community considers one thing before implementing any project – longevity. They all plan for the future and make sure that homes can match up to the future standard. The long-term nature of condo homes requires long-term thinking. This will enable proper management of resources to last through the different timelines of every […]
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