It’s never fun when winter weather causes damage to the interior or exterior of your home or condo unit. Coming home to water leaking into your comfy space can send you into a panic. What do you do first? To discuss the best course of action, I spoke with Gregg Gerelli, president of Gerelli Insurance Agency, Inc. of Cold Spring, New York.
It’s no secret that communicating effectively with association members is a vital part of managing any community. But in today’s digital world, methods for communication are ever-changing. So, what works and what doesn’t? We spoke to Nancy Hastings, Regional Vice-President of Associa’s Eastern Region, to find out her perspective on association communications.
Clearly, the founding fathers, and mothers, of association boards everywhere did not anticipate needing to address what members do on the internet in their bylaws. But that is exactly where the future may be heading. Just because one resident on the board may still have an old clamshell phone, it doesn’t mean another member doesn’t have a few thousand followers on any variety of social media platforms. [Read more…] about “Like” It or Not, Associations May Need to Adopt Social Media Policies
This time of year, many association managers are getting ready to present their budget drafts to their communities’ boards of directors. That is, if the association’s fiscal year is the same as a calendar year. However, no matter what the fiscal year schedule is, it’s important that mangers take certain steps to keep the budget process on the right track all year long.
One of the more challenging tasks an association board faces every year must be their annual budget. Requiring the number-crunching aptitude of skilled accountants, coupled with the board’s clairvoyance to predict not only repairs needed in the year ahead but also global inflation, budgeting is not to be approached without careful introspection into the facts and figures of the community. We spoke with John Grady, CPA of Bogush & Grady CPAs, LLP in Rhinebeck, New York for an accountant’s insights on this topic.
Let’s say, hypothetically, an association begins to consider the installation of security cameras in its common areas in order to protect residents. The board noticed a dramatic increase in crime in surrounding neighborhoods, so they felt this would be a good decision for community. However, if they install this system, are they opening up their association to liabilities it didn’t previously have? What are the best practices for an association to follow when using and installing security cameras?
Unpaid assessments can create a great deal of stress for an association, leaving both management and boards feeling helpless. However, an association is not helpless. Attorney David Byrne, of Ansell, Grimm & Aaron, PC, shared two recent scenarios where associations were able to recoup monies lost and ensure payment of ongoing assessments, all without breaking the bank, or in this case, the budget, by using creative and smart efforts.
Newsflash readers — we do get out! In addition to providing publications and an informative website, Brainerd Communications, Inc. produces events branded under our trademark, AssociationHelpNow™ to educate and facilitate discussions on many condo and HOA-related topics. On September 26th, managers and board members, many from high rise buildings on the coast, gathered at Ocean Club Condominium, a thirty-four story luxury building on the Atlantic City Boardwalk, to network, learn and tour the building. Managers in attendance earned 2 CEUs toward their professional designations.
Excerpt from AssociationHelpNow™ Condo/HOA Primer by Raymond Dickey
Author Note: With hurricane season on the horizon, we thought this chapter from my book would be useful to our readers. [Read more…] about Association Restoration – Property Damage Disaster
You own a 300-unit condominium and you want to inspect your building’s façade in the most efficient way. You’ve heard drones can be a great resource, but you don’t know what to look for when hiring a drone pilot. How can an association ensure they are hiring both a licensed and insured professional, as well as a company with the expertise to interpret data?