CategoryTips for Management

Financing a Condo Association Special Assessment

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Now that you’ve got an idea of what condition your Condo is in, you need to figure out how you are going to handle the “Assessment” part of the Special Assessment process.  This is the step where you figure out how you’re financing a Condo Association Special Assessment.   How Much Do You Need? Typically you want to assume the cost of the project, plus enough to cover any delinquency, plus...

Evaluating your Condo Association’s Condition before a Special Assessment

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A correctly performed Condo Association Special Assessment is one that is not done in haste, but rather after thorough and exhaustive research that demonstrates a Special Assessment is the best path forward.  One of the most critical steps in this process is having a firm grasp of the condition of the major systems within your Condo Association.  For many established Associations, you already...

Handling Election Events in a Condo Association

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As many of you may have noticed, it is election season, and a big one at that.  Because Condo Associations are in the thick of Owner life, that means that you’re going to be in the thick of elections whether you like it or not.  Today we’ll cover how to handle political events in a Condo Association. Many communities have private preservable areas – maybe a clubhouse, rec room, party...

Condo Association Per-Use Fees

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If there’s one thing that drives people crazy, it’s the feeling of being nickel and dimed.  And of course, if you want to get people upset, hit them with a fee in a Condo Association.  On the flip side, however, you run into the interesting question about the majority subsidizing the behavior of the minority within an Association – my “Shared Cost Delusion” phenomenon.  Condo Association...

Managing a Major Project in a Condo Association: Hiring Technical Representation

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Managing a major project in a Condo Association is one of the more grueling parts of Condo life – whether you’re an Owner, Board Member or Management.  The costs, disruption, and constant oversight will impact you no matter who you are.  If you haven’t already checked out the overview, learn about the full life cycle here. The first part of nearly any project is to ensure you have proper...

Creating Effective Condo Association Policies

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The job of a Condo Association is to govern, a key part of which involves creating effective Condo Association policies.  Policies run the gamut – everything from how the Association deals with pets, the behavior of Owners, and even employee management.  While not the sexy stuff that gets people excited (then again, what is sexy in an Association?), creating consistent and effective...

New Guide: The Condo Association Special Assessment Process

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According to one study, approximately 70% of all Associations are underfunded.  This means that odds are you live in an Association where there is at least the threat of a Condo Association Special Assessment.  If that’s the case, hopefully your Association is taking proactive steps to get control of your financial situation to stave off a Special Assessment.  The reality is that sometimes you’ve...

Fighting Apathy #3: Managing Respect in a Condo Association

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I’ve said it before, and I’ll say it again – community association managers – your Association’s Management – are the glue that hold an Association together.  Management is in the thick of every issue and challenge an Association has, working to resolve issues so that everyone has a happy and safe community.  This means they have the challenge of dealing with Owners, who...

Condo Association Security Plans

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Condo Association security is a tough topic – as I’ve covered here and here.  Although my Association is in a nice neighborhood, we’ve had our share of incidents, and each time it’s a bit jarring.  Today I’ll be covering the fundamentals of how to build a Condo Association security plan.   I will preface this by saying you should always work with a qualified security consultant who can...

New Guide: Managing a Major Project in a Condo Association

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It is inevitable that there will be a major project in your Condo Association.  All major systems will degrade over time and eventually will need to be repaired or replaced.  Examples include roofs, garages, facades, elevators, HVAC systems, fire alarms, etc.  For our purposes, a “major” project will be defined as one that is paid for out of reserves and is around 10% or more of the Association’s...

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