MAKOWER ABBATE GUERRA VOLLMER: From frozen pipes, broken appliance supply lines, to roof leaks and leaking drain pans, in townhome and attached condominiums, these and other sources of water intrusion can quickly wreak havoc for owners and the association if not handled properly and quickly. Whenever you have organic material (such as drywall or wood, …
Financial Management, Adhering to a Budget and Financial Warning Signs Financial management is perhaps one of the most critical facets of a homeowners association. Financial transactions factor into day-to-day interactions in an HOA, with residents paying dues and vendors providing goods and services. The complexities of an HOA, however, demand a business-like approach to financial matters …
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Calculating Association Assessments Assessments are a common conduit of condominium and homeowners associations, as an intricate component in providing income for the operating budget and funding reserves for future community expenditures. Thomas Engblom, CMCA, AMS, CPM, PCAM, PhD, detailed for us what assessments are, how they are calculated, and how special assessments factor in. Of …
Disaster Preparation While every homeowner association hopes for a community that runs smoothly and safely, HOAs must remain aware of the possibility of disasters and dangerous situations in order to provide their residents with the greatest amount of safety and security. Thomas Engblom, CMCA, AMS, PCAM, ARM, CPM, PhD, outlined a plan of action for …
MAKOWER ABBATE GUERRA VOLLMER: The vitality of Michigan community associations is directly related to the quality of its volunteer board of directors. However, in this litigious age, potential directors may be concerned about the personal liability faced when their every decision may be questioned by countless other members. Confronted with that daunting prospect, interest in serving …
NATIONAL: Boards and Managers — Learn How to Get Your Life Back! The job of community manager is very demanding, requiring the ability to handle many varied tasks and situations simultaneously — all while keeping their communities running smoothly on a daily basis. A manager never knows what can or will come up on any …
NJ • NY • PA: Associations must be careful when adopting any age or gender-specific hours or considerations In a perfect world, associations want to make all of their residents comfortable. To that end, it can be tempting when establishing a pool schedule to consider age- or gender-specific hours and/or considerations to reflect the demographics …
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How Are The Elements of a Community Defined? How are the elements of a community defined? What determines the components of the common areas versus homeowner-owned areas? Where is it written that certain elements are the responsibility of the homeowner and others are the responsibility of the association? These issues and others are established in …
Collection of Delinquent Dues Delinquent homeowners can affect a community in a variety of negative ways. Obviously, the association needs homeowner dues to be paid, preferably on time, in order to operate. However, there are many residual undesirable consequences of having too many delinquent accounts. A community with an abundance of homeowners in arrears could …
The Association’s Records Knowing which association records should be kept, where to keep them, and how to store them can help an association maintain access to important historical data. Association records should contain information that the board can use as a reference for future projects or possible evidence in a lawsuit or audit. Records are …