Holy cow! I can’t believe it is time to begin preparing next year’s budget. Where to start? The first item of business is to retrieve the financial information for the last year and determine what the association spent this year. Look at the trend for the expenses. Are you spending more or less money than
New community associations are expensive to establish. Developers understand that in the current economic climate, community associations can be a hard sell to purchasers trying to obtain a loan and keep their monthly expenses low. Some developers have established associations in their new developments but have not assessed dues to the owners, in the belief
You have probably run across at least one thing in your lifetime that you could neither live with nor without. We have one of those seeming paradoxes in community associations. It is called compliance. The governing documents of most community associations, primarily the declaration, bylaws and rules and regulations, outline specific taboos (restrictions), and
In my many years of community association management, I have worked with numerous wonderful boards. And these same boards were the leaders in the most successful associations I ever managed. Their backgrounds were varied, and they all were interested in the success of their association. When I think back to what made them that successful,
Condo Living Pros & Cons
You dream about owning a piece of Americana, but if that dream doesn’t include mowing the lawn or spending the weekend on home repairs, consider buying a condominium. A condo can be ideal for first-time homebuyers who want independent living with manageable maintenance. Condos are also a good option for those ready to downsize or