Creating and maintaining an association budget is part of a board’s fiduciary responsibility. In order to keep your community economically stable, good financial practices are needed to prosper both today and into the future. As fall nears, many associations shift their focus to the upcoming year and begin working on the annual budget process.
Articles About Community Manager Education Online
The board has recently decided that the roads within your housing complex need to be repaved. As a resident and member of the board, you’re very unfamiliar with how the process works. Board members are discussing engineering terms and bids and contract administrators. And, to be frank, you sit silently in the meeting asking yourself “What even is contract administration?” [Read more…] about Navigating a Construction Project Using a Contract Administrator
Sadly, homeowners associations are sometimes tasked with the responsibility of collecting dues in the aftermath of a unit owner’s death. When an owner dies, leaving his or her unit vacant until its fate is resolved through the legal process, a community’s board of directors faces the challenge of balancing empathy with accountability. But, what happens when a former owner’s successors fail to pay association dues? [Read more…] about Collecting dues from a deceased owner
When it comes to medical marijuana, it’s not what you know but who you know. That’s the best advice experts can give homeowner associations tackling smoking cannabis for medical reasons, according to Joel Meskin, Esq., CIRMS, CCAL, Vice President of Community Association Insurance and Risk Management at McGowan Program Administrators in Fairview Park, Ohio.
[Read more…] about Medical Marijuana Use: Are the Association’s Rules Up in Smoke?
As winter approaches, associations are beginning to prepare for what the cold weather inevitably brings – snow and ice. For an association, snow and ice accumulation increases the potential for slips and falls occurring throughout a community. Since these slips and falls can lead to injuries and liability claims, associations may wonder what they can do to limit their exposure to such claims.
Volunteering your time as a board member on an HOA or any other type of nonprofit organization might seem like a helpful way to selflessly spend your time, but are your contributions really beneficial? If some of these traits look familiar, your volunteer work might be doing more harm than good.
The transition from developer control to independent owner control for condominiums and homeowners associations is not just a matter of electing new board members. The full transition process involves a review of financial, management, and maintenance issues to make sure that the newly empowered board members understand the true fiscal and physical condition of the association.
Just as important as it is in the business world, branding and marketing is equally important in the community association industry. [Read more…] about The Importance of Networking and Education for Managers
The relationship between a board of directors and a community manager is a business relationship. In any good relationship, whether personal or business, there is a reasonable expectation of treatment of all parties involved. Since the manager has been hired by the association’s board of directors, there is an expectation that the manager will show respect to the board members as they are, in essence, the manager’s bosses. Unfortunately, if respect is not reciprocated toward the manager from the board, the business relationship can become weakened.