Four Ways to Boost Value by Reducing Energy Usage
Energy costs often top the list of expenses for homeowners and community or condo associations. While we acknowledge the necessity of energy for lighting, heating, cooling, cooking, and water heating, there is room to alter both the cost and the quantity of energy we use. There are practical strategies to cut down on these expenses, […]
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Four Ways Top Property Management Teams Anticipate Your Needs
In many communities, expecting a responsive property management service often feels like the best option available for addressing issues. But what if you could elevate those expectations? Imagine demanding that your property management team tackle challenges early, preventing them from becoming larger problems altogether. This approach embodies proactive service, where success is gauged by the […]
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Four Ways to Save on Energy Bills for Florida, New York, and Chicago HOAs and Condos
With the recent harsh winter weather impacting New York and Chicago, homeowners are feeling the pinch with soaring utility bills. In Florida, the sweltering summer months pose similar challenges with their intense heat and humidity, pressing the need for effective energy management and budgeting. Homeowner association (HOA) boards and property managers must address these energy […]
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Four Ways Active Adult Communities Are Evolving
When you think of "active adult communities," certain images likely come to mind. However, the reality today is much more diverse than one might expect. This diversity is largely driven by innovative property management companies, transforming the lifestyles within these communities into vibrant and varied experiences. Here’s how these changes are taking shape. *1. Evolving […]
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Four Tips for Establishing Succession Planning for Community Board Members
Successful business organizations often prioritize succession planning. This approach is part of their corporate strategy, enabling them to identify and mentor potential leaders for future key roles. Similarly, a thriving community association board should also incorporate succession planning. Although current board members cannot mentor a specific homeowner (since every owner/shareholder has the right to run […]
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Four Lesser-Known Facts About HOA Liability Insurance
Community association insurance is a critical component of managing homeowners associations (HOAs). Every community’s bylaws and declarations usually demand some level of insurance coverage, and Board members hold a fiduciary responsibility to safeguard the interests of their HOA and homeowners. Additionally, there's the ongoing challenge of finding affordable insurance solutions. However, caution is crucial—insurance policies […]
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Four Telltale Signs of a Competent Community Manager
Envisioning the perfect community manager often involves imagining a unique blend of personality traits. Such a professional treats residents with respect and is assertive when dealing with vendors. They possess both analytical skills when handling spreadsheets and a basic, practical understanding of essential systems like plumbing or HVAC. Moreover, they excel at guiding the homeowner […]
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Great Communication Strategies for Your Association
Taking on the role of a board member comes with a unique set of challenges. From understanding your responsibilities to collaborating with residents and managing projects, the journey is both demanding and rewarding. Yet, for many board members, both new and seasoned, effective communication remains a persistent hurdle. The art and science of communication is […]
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Four Essential Policies for High-Rise Communities
Living in a high-rise offers unparalleled amenities, personalized services, and a vibrant lifestyle. However, this way of living can also present unique challenges. Sharing close quarters requires mutual respect among residents, and when friction arises, clearly defined policies become essential. These guidelines are not obstacles but rather tools to maintain harmony among neighbors. Although establishing […]
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Four Factors Influencing the Future of Community Association Living
Planning for the future of community associations involves more than just the strategies board members might already have in place. External influences also play a significant role in shaping the environment in which these communities thrive. As board members seek to enhance their communities' appeal and livability for years to come, understanding these factors is […]
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