Taggood policies

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...

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 Maintaining Condo Environmental Systems

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There are many things that a Condo Association must look to provide for its Owners.  At the highest level, they boil down to the big three: safety, security, and transparency.  In pursuit of this goal, there are certain key building systems that are critical to maintain.  Of particular importance is maintaining Condo environmental systems, such as your HVAC (heating, ventilation and air...

Three Condo Association Project Red Flags

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When you’re carrying out a major project, you’re bound to encounter issues.  Unhappy Owners, unexpected “surprises” during the project, and other challenges are to be expected.  A challenging issue is figuring out what problems are part of the normal lifecycle of a project and which ones are signs of a bad performer.   Here are three Condo Association project red flags that Boards and Management...

Basic Condo Association Cybersecurity

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Hackers and malware are everywhere.  Whether you’re a small business being taken advantage of with ransomware, or even the U.S. government sitting on sensitive information of staff with security clearances, you’re at risk.  Condo Associations and Homeowners Associations are potentially juicy targets for hackers for a number of reasons.  First, you have valuable information that...

Three Condo Association Board Bad Habits to Break Right Now

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Sometimes you pick up bad habits.  Maybe it’s because you have a bad influence, maybe a bad upbringing.  It could be because you’re lazy.  Condo Association Boards operate the same way.  You’re carrying out your work, generally being a good Association.  But over time, the bad habits start to creep in.  Maybe it’s because of a boorish personality on the Board or a culture of apathy with your...

Ensuring You Don’t Over Plan Condo Association Major Projects

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Planning for a major project in a Condo Association is a big deal.  You have to bid out projects, work with vendors, educate Owners, and execute.  You want the project to go as smoothly as possible, of course.  And an ounce of prevention is worth a pound of cure.  However, there is such a thing as going too far when you are preparing.  If you spend hours and hours trying to plan every possible...

Condo Association Safety and Security 201

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In the 101 edition of Condo Association Safety and Security, we covered the basics of how to ensure your Association is safe and secure.  Today we’ll follow up on more advanced topics to help you have a secure and safe Condo Association.   The AED Issue Automatic External Defibrillators (AED) are one of the greatest inventions with regards to saving lives in the past few decades.  Combined...

Condo Association Safety and Security 101

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Condo Association safety and security is one of the big three.  As a Board, your job is to facilitate a safe and secure environment.  The nuances of this are highly variable – your Condo’s location, local ordinances and laws, your Owners’ desires, and your budget will have a large impact on how you address this issue in your Association.  This article will serve as an introduction to the...

The Hardest Condo Association Board Member Good Habit to Learn

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If you’re on your Board, you likely joined it to do good for your community.  There’s a slim chance you’re a jerk or drunk on power, but the vast majority of Condo Board members are there to do the right thing.  In fact, if you’re reading this right now, I KNOW you’re a good member of your Association because you’re taking the time to read about Condo management.  So allow me to introduce...

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