New Federal Rule on Overtime Effective December 1
Does your community employ workers? If so, it's essential to be aware of the upcoming changes to the Fair Labor Standards Act (FLSA) regulations. These changes are set to take effect on December 1, 2016, and they could have an impact on your financial planning and business operations. The FLSA is a federal law overseeing, […]
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Fixing a Condo Catastrophe Without Legal Battles
Imagine glass tumbling from a towering building onto bustling Fifth Avenue. Such a scenario forces a reevaluation of how a condo board, a developer, and an insurance company might collaborate to reach a solution without resorting to legal action. Surprisingly, it's achievable. This 42-story skyscraper, constructed in 2006 between 32nd and 33rd Streets, stands close […]
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Top 5 Tips for Winter Organization
Winter is approaching, bringing colder temperatures and, unfortunately, the challenge of cluttered closets and disorganized winter gear. However, there's no need to worry. You can breeze through this season of chaos with some straightforward organization tactics. By keeping everything in its place, you'll ensure your gear is both accessible and orderly, turning potential frustration into […]
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Five Ways to Cut Energy Costs in High-Rise Buildings
High energy costs can significantly affect the financial health of any high-rise, making it crucial for community associations to manage these expenses effectively. For condominium buildings that allocate 40 percent of their budget to common-area energy, even a minor increase in utility prices can severely impact their finances. A 10 percent rise, for instance, could […]
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Five Ways to Prepare Your Pool for Inspection
Is your community pool ready for an upcoming health inspection? If not, the thought of an inspection can be anxiety-inducing for everyone involved. However, with the right preparation, you can ensure the inspection process is smooth and stress-free. It's easy to worry about the costs and inconveniences that can […]
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Five Ways to Avoid Remodeling Disasters
Remodeling projects should enhance your community, not become a source of stress and frustration. Yet, all too often, the process begins with promise and devolves into a nightmare. Whether it's a clubhouse or a fitness center, if the contractor doesn’t deliver what was promised, you're left with disappointment and possibly a hefty bill. To steer […]
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Five Ways to Manage Snow Removal Costs Without Breaking the Bank
Accurately predicting the weather, particularly snow, is more challenging than it seems. This uncertainty can make it difficult to forecast snow removal expenses each year. If you're not careful, unexpected costs can take a toll on your finances. However, with these strategies, you can sidestep financial troubles and keep your budget in check. *1. Assess […]
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Five Ways Active Adults Are Redefining Their Days
It's clear that active adult communities are evolving significantly. As lifestyles and demographics shift, the traditional image of secluded neighborhoods focused on golf culture is becoming outdated. Today's active adult communities embrace a more diverse and lively lifestyle. Let's explore a typical day for someone enjoying this vibrant way of living. *1. Starting the Day […]
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Five Tips for Selecting the Perfect Lifestyle Community
Thinking of buying a home or unit in a lifestyle community or high-rise? You're on the cusp of discovering why these residential havens are rapidly gaining popularity in the housing market. Lifestyle communities offer an attractive blend of spacious floorplans, alluring amenities and services, engaging social events, and special interest clubs, catering to a diverse […]
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Five Tips for Managing Parking Rules in HOA Communities
Parking challenges are a common issue for homeowners associations (HOAs), impacting all types of communities. Common parking challenges include: – Vehicles parked overnight in prohibited areas – Inappropriate or unauthorized street parking – Limited availability of parking spaces – Using spots allocated to other residents – Guest parking management – Parking for RVs and boats […]
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