-
4 men sitting around a cluttered table laughing with each other
Does Your Condo Corporation Have A Plan For Fostering A Sense Of Community?
Jan 18, 2018Humans are social creatures. Since the dawn of time, we’ve had a deep-seated yearning for connection and community. This is particularly evident in a condo corporation, where a strong sense of community can be the difference between long-standing residency and high turnover.
-
Preventative Roof Maintenance is Crucial to the Sustainability and Longevity of Your Roof
Preventative Roof Maintenance is Crucial to the Sustainability and Longevity of Your Roof
Nov 16, 2017We can all agree there are many important elements to a housing structure, but your roof is probably the most important. Changing temperatures, snow accumulation, large amounts of rain, ice dams and high winds can all cause major damage to condominiums, townhomes and single-family homes. These harsh weather conditions can create all sorts of problems, from minor leaks to major cave-ins that can cost a condominium corporation thousands to repair. -
True Financial Stability
True Financial Stability
Sep 26, 2017A strong, healthy corporation requires every facet of property management to work in sync toward one common goal...true financial stability.
-
Smart Financial Planning
Smart Financial Planning
Sep 21, 2017Safeguarding a condominium corporation’s operating and reserve funds is one of the main fiduciary duties of all board members, not just the treasurer. This means that boards must protect the financial interests of the corporation and its members by making sure all funds are properly managed, invested and protected.
-
Preventative & Predictive Maintenance are Critical to Your Replacement Reserves
Preventative & Predictive Maintenance are Critical to Your Replacement Reserves
Sep 14, 2017Reserve Fund Studies are based on the assumption that components will reach their maximum useful life. However, if a preventative maintenance plan doesn’t accompany your reserve study, it’s highly unlikely some components will ever reach their maximum useful life. -
Understanding Condominium Corporation Reserve Funds and Reserve Studies
Understanding Condominium Corporation Reserve Funds and Reserve Studies
Sep 12, 2017One of the most important responsibilities of your condominium corporation's board of directors faces is effectively planning for major common-area repairs and replacements. Whether a costly expenditure is needed in a few years or not for 20, it’s the board’s fiduciary duty to make sure your condominium corporation has adequate funds when the time comes. That’s where reserve funds come into play. -
Condominium Corporation Budgets: Mapping Out Your Strategic Plan
Condominium Corporation Budgets: Mapping Out Your Strategic Plan
Jul 25, 2017Get the details on creating a strategic plan for your community. -
Condominium Corporation Budgets: Things to Consider When Creating Your Budget
Condominium Corporation Budgets: Things to Consider When Creating Your Budget
Jul 24, 2017The annual budgeting process offers an opportunity for your board to explore your condominium’s current financial condition and to ensure your community’s financial stability for the future. Successful condominium management hinges on a well thought out budget for both short-term and long-term planning. -
Condominium Corporation Budgets: Creating a Road Map to Success
Condominium Corporation Budgets: Creating a Road Map to Success
Jul 19, 2017It’s budget season! Are you stressed? Concerned about a potential dues increase or a large capital project that’s looming in the future? The word “budget” can be scary, so thinking about creating next year’s budget is daunting for many homeowners boards. We’d like to change that. -
People sitting around a desk talking
How Healthy and Effective Is Your Condominium Board?
Feb 07, 2017How well is your condo board functioning? Do your meetings feel fluid and productive, or are you stuck in a rut? Do members of your condo corporation trust your board, or are people starting to raise questions about how operations are run? Regardless of how well you think your board is currently functioning, it is always a good idea to conduct a thorough, honest evaluation of your board.