Purchasing a home often introduces various responsibilities, and for many, one of those includes being part of a Homeowners Association (HOA). HOAs play a pivotal role in preserving the standards and amenities of neighborhoods, yet they also possess the authority to impose rules and collect fees from property owners. Among the tools they utilize is […]
Read moreHomeowners Associations (HOAs) are key to ensuring that residential communities maintain their beauty, structure, and overall peacefulness. These organizations operate under specific rules and regulations that protect the collective interests of homeowners. Yet, the management of an HOA is not without its legal challenges. From creating and enforcing bylaws to handling disputes and delving into […]
Read moreThis year, over 85% of state legislative officials are up for re-election. This provides a unique opportunity for condo or homeowners’ association (HOA) board members and residents to influence HOA law. State representatives are eager to listen to your concerns and ideas. Across the country, various legislative initiatives could greatly impact community associations. Let’s explore […]
Read moreDeciding whether to engage a professional management company for a community association is pivotal. It's natural for board members and homeowners to question the necessity and value of HOA management fees. To shed light on this topic, let's dissect the elements of community management and explore if investing in a management company truly pays off. […]
Read moreIn the United States, over 68 million people reside in about 338,000 managed communities, as highlighted by the Community Associations Institute. Meanwhile, in Canada, around 12.5% of the population lives in a condominium or strata corporation, based on data from Statistics Canada, totaling approximately 1.2 million owner-occupied homes. Collectively, these homeowners invest billions of dollars […]
Read moreThe Board of Directors oversees the essential operations and upkeep of your community, but they can't manage it all by themselves. The property management team is responsible for hiring a diverse range of vendors, including painters, plumbers, electricians, landscapers, equipment repair specialists, and exterminators. Additionally, when dealing with capital improvements or unexpected repairs, vendors are […]
Read moreWhen a community decides to change their property management company, it’s often due to a need for better service, value, or expertise. Once the decision has been made to switch, what does the process entail? Here’s a guide to help navigate the transition from your current property management to a new company. *Notifying Your Current […]
Read moreLiving in a high-rise building brings unique benefits like exceptional amenities, robust security, and concierge services, adding a luxurious touch to everyday life. However, insuring such properties comes with its own set of challenges. High-rises typically consist of multiple residences, each with individual policies, plus communal areas that demand coverage as well. If you own, […]
Read moreLiving in a high-rise might give a false sense of security when it comes to flooding. However, critical systems like boilers, elevators, generators, and water pumps in these structures can be heavily affected by floods, as they are usually located underground. Protecting these components is essential to prevent damage and disruption during such natural events. […]
Read moreOrganizing the annual budget for your community association might sound daunting, but it's a crucial task that ensures the financial stability of both the association and its homeowners. This essential financial plan supports both immediate and future endeavors, making it vital to adhere to certain best practices. Your association's budget […]
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