Understanding the Essentials of Condo Insurance
Owning a condominium offers a unique blend of private living with communal elements, prompting questions about the right insurance coverage. Is condo insurance different from homeowners insurance? What are the necessities for condo coverage? Understanding these basics is essential for condo owners, and this guide will help demystify the essentials of condominium insurance. *Condo Insurance […]
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Must-Have High-Rise Amenities of 2017
For those living in high-rise buildings, convenience and location are often at the top of the priority list. However, the amenities offered can significantly influence potential homebuyers. Over the years, tastes have evolved from card rooms for bridge and poker to business centers with internet access. Nowadays, the focus has shifted to yoga studios and […]
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Analyzing the Pros and Cons of HOA Rental Policies
Every homeowners association board eventually confronts a pivotal decision: what number of renters should be allowed in our community? Although a standard response often relies on an arbitrary percentage, this oversimplified approach fails to address the unique attributes of each community and its residents. Managing this issue is undoubtedly complex, whether for a condo, townhome, […]
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Exploring the Future of Governance in Community Associations
Envisioning the future might not necessarily mean jet packs and flying cars, but significant shifts lie ahead in how community associations operate. A group of 50 experts, members, and stakeholders came together to explore the anticipated changes in community association governance. Their collaborative insights have been documented to provide a glimpse into what the future […]
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Four Misconceptions About Reasonable Accommodation and Modification
Many people are familiar with the phrases "reasonable accommodation" and "reasonable modification," but not everyone understands their precise meanings or their relevance to organizations. Understanding these concepts is crucial as it can help prevent expensive legal battles and address genuine needs effectively. By dispelling some widespread myths related to reasonable accommodation and modification, we can […]
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Understanding Your Property Manager's Crucial Role in the Community
In residential communities, thoughts often drift toward association fees, rules, and groundskeeping. Often overlooked is the crucial role of a professional property management company and the property manager or community association manager (CAM) who handles the daily operations of these communities. Property managers are vital to effective […]
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Key Guidelines for Managing Community Association Warranties
When the responsibility of a community transitions from the developer to a homeowners association, an array of paperwork comes along. Among this pile, there are usually numerous warranties. Over time, additional warranties may be accumulated for various products and services purchased by the association. However, it’s important to ask: How well do you know these […]
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The Corporate Transparency Act: 6 Essential Insights for Board Members
A significant federal law known as the Corporate Transparency Act (CTA) was enacted in 2021, mandating most corporations, LLCs, and various entities, potentially including condominium and community associations, to register with the Financial Crimes Enforcement Network (FinCEN) under the U.S. Department of the Treasury. This legislation took effect on January 1, 2024. In a pivotal […]
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Mastering Committee Management: 7 Secrets to Taming Chaos
Participating on a community association board can be quite demanding. Delegating some board tasks to committees is an effective way to handle the workload. Ideally, committees are valuable assets in helping a board achieve its objectives. However, if not well-structured and managed, they can create more issues than they resolve. What is the key to […]
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Communication Excellence: Building Stronger Ties Between Communities and Property Management
The bond between a community and its property management team shares similarities with personal relationships: its effectiveness largely depends on strong communication. Just like any other relationship, communication can sometimes be tricky. That's why a competent property management company employs various tools and channels to stay connected. This approach ensures every interaction is clear, contributing […]
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