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What to do When Condo Association Assessments Increase

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There are only two things certain in life – death and taxes.  Unfortunately, Condo fees – also known as assessments – are a form of taxes.  They pay for the maintenance and operation of your Association.  The key with assessments is to try to keep them as low as possible while still properly funding the necessities.  When Condo Association assessments increase, Owners want to...

September 2017 Condo Association News Roundup

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Happy Fall!  Hopefully the equinox is bringing good tidings to your Condo Association.  September has seen hurricanes pummeling Florida and Texas, with impacts to Condo Associations.  Our thoughts and prayers go out for a speedy recovery to those communities. Included in the September 2017 Condo Association roundup are articles on the hurricanes, an update on the sinking Millennium Tower, and the...

Tips for Communicating Condo Association Budgets

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It is Condo Association budget season!  That wonderful time of year where Condo Associations need to figure out what expenses can be cut and if reserves are sufficient while looking at special projects to enhance amenities.  All of this is good stuff, but it is meaningless if your informed Owners don’t know what you are doing.  Most Condo Associations will spam out a complicated spreadsheet and...

Four Ways to Identify Condo Association Consultants

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Today’s post was inspired by a reader’s email seeking advice on how to identify good vendors and technical representation.  This is a great question, particularly on the technical representation side.  Technical representation is a key resource that your Condo Association needs to have to be successful.  Your Condo likely has numerous major systems – roofs, facade, concrete, elevators...

The Condo Association Board Prosecutor Profile

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Is your community lawless?  Are your rules out of date and unenforced?  If so, that means you probably don’t have a Condo Association Board Prosecutor.  This week’s Condo Association Board personality profile is the Prosecutor.  The Prosecutor wants to live in an ordered and well-behaved community.  They will keep everyone on the straight and narrow, but make sure they don’t take it too far...

A Practical Overview of the Condo Association Reserve Study

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The Condo Association reserve study is perhaps the most boring document you can imagine.  It is also one of the most important for your community.  It is a foundational document for all of your financial planning as a community, and the difference between smooth sailing and a special assessment.  Here is an overview of the Condo Association reserve study. What are Condo Association Reserves? As a...

Being a Condo Association Board Mentor

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You’ve done it.  Several years – maybe even multiple terms – as a Condo Association Board member and you’re suddenly an accomplished veteran.  You have multiple major projects under your belt, and you’ve improved your community – maybe by starting a committee.  Now that you’re a veteran, it is time for you to pass that information on to the new blood and become a Condo...

Prioritizing Condo Association Major Projects

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Today’s article was inspired by a reader email.  In a perfect world, your Condo Association has perfect financial forecasting.  Whenever a major project is due, you have the reserves ready to initiate without any problems.  Unfortunately, very few of us live in a perfect world.  Often you will be forced into making trade-offs and prioritizing projects due to a lack of financial resources.  In...

Tips for Starting a Condo Association Newsletter

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Communication is one of the most important aspects of a good community.  Figuring out how you can effectively communicate, on the other hand, is a challenge.  Starting a Condo Association newsletter is a great way for your community to convey information to your Owners.  The challenge, as with any product, is ensuring you have good, consistent content.   Pick the Right Frequency of Updates...

The Condo Association Board Executive Profile

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This week’s Condo Association Board personality profile is the Condo Association Board Executive.  The Condo Association Board Executive takes their job on the Board very seriously, and approaches running the Association as a business.  Open-minded and professional, the Executive also can have an ego to match their talents. The Condo Association Board Executive Mantra: “I’ve weighed all of the...

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