HOA News, Advice, and Tips
There are numerous challenges for managers in the world of Multi Family Housing. Likewise, there are also many challenges for the contractors who serve them. Uncertainty, bidding costs, and skyrocketing ancillary costs are many of these. There are also many ways to alleviate some of the challenges inherent with construction defects and repairs by enlisting […]
Continue ReadingHOA Reserve StudyReserve funds are a community association’s version of a “rainy day” fund. The financial health of an HOA can be determined by calculating the strength of that fund through a Reserve Study. If you’re considering moving into a new community governed by a HOA, one of the first things you’ll want to look […]
Continue ReadingThe first three months of 2012 were 6 degrees higher than average in the lower 48 states, according to the National Oceanic and Atmospheric Administration. It’s great to be able to wear shorts in February but there are some potential negative effects. According to Science Daily global temperatures in May were the second warmest on […]
Continue ReadingRecently, an association I manage undertook a roof replacement project. After careful consideration of their financial position and the results of a roofing survey, we were able to have the work commence one year in advance of the outlined reserve study target date. Management negotiated a termed payment schedule with the contractor, which avoided the […]
Continue ReadingWhat does 5 Star mean? You can ask 10 different people and receive 10 different answers. For the homeowner and association, it should mean expecting the absolutely highest level of service. And for the vendor and manager, it should mean delivering the finest, the best, the most impressive and unparalleled service. But what does customer service really […]
Continue ReadingAre you looking for Condo Association Management to help you through difficult times? Difficulties have set in for Condo Associations, and have underscored the need for Professional Condo Association Management. The decline in the Real Estate Market has created problems for condominium associations and homeowner’s associations. As owners and investors have lost their homes to their lenders […]
Continue ReadingThe Community Association is established for the purpose of maintaining the common areas, recreation facilities and, in some cases, the exterior maintenance of each home. This “Purpose” or “Charter” is intended for the general use, benefit and welfare of the owners. The primary goal should be the enhancement of the community’s property values. While it […]
Continue ReadingImagine waking up every morning on Main Street USA in Disneyland. For some kids that would be the ultimate dream to live right there in the “happiest place on earth.” As adults, we know that’s not a practical choice for living arrangements. However, that doesn’t mean that a community specifically designed for an active resort lifestyle […]
Continue ReadingThe primary mission of any community association is to manage the upkeep of all the common living areas. That in and of itself is a huge responsibility, but an HOA should not stop at paying the gardeners or fixing the roof. They should also foster a positive living experience for all residents. This could mean establishing […]
Continue ReadingBelieve it or not, the Empire State Building in New York City took exactly one year to build from groundbreaking to ribbon cutting. This was back during the Great Depression when it was vitally important to complete a towering project like this to provide hope and inspiration to the entire nation. Today, every city’s skyline […]
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