Community Manager Work-Life Balance

3 Steps for Community Managers to Reach a Work-Life Balance

In a recent conversation with Cat Carmichael, CEO of Strategy 123, a management consulting firm, and 2019 President of the Community Associations Institute Board of Trustees, she said that “community managers can spend an average of 8-10 hours a day at work.” That means many community managers are pulling overtime. Perhaps that’s in the form of long days or even coming into the office on weekends to keep up. If you feel that your work-life balance is a 24/7 juggling act, here are three ways to lean on technology to help you cut down on the busywork that can eat up your day. 1. Boost Your Communication Efficiency Fielding calls… Read More

Continue Reading

Break the Cycle of your HOA or Condo Going Self-Managed to Full-Managed and Back Again

Do you notice at your HOA or Condo Community, or a neighboring property, where they seem to switch from full management to self-management and back again?  Why does this happen, what are the costs of this change, and how can it be stopped?  How do you break the cycle of your HOA or Condo going self-managed to full-managed and back again? A former owner of a large management company and reserve study company as well as the former CAI Connecticut Chapter President Walt Williamsen has seen many trends during his decades in the HOA and Condo Management Industry.    One trend he has spotted is a pattern where boards vacillate between… Read More

Continue Reading

HOA 101: Rules & Regulations

For many people, homeowners’ associations (HOAs) have become synonymous with rules. While it’s true that part of association membership requires abiding by community guidelines, HOA life is about far more than following a long list of rules. Community guidelines and rules can help lay the foundation for a successful neighborhood, and as community association experts, we’re here to help answer the who, what, and why of HOA rules. What are HOA rules and regulations? When you purchase a home that’s part of a community association, you automatically become a member of the association and become responsible for following all its rules and regulations. The primary purpose of having community rules and standards… Read More

Continue Reading
FHA Approval Can Raise Property Values…Don’t let Condo Delinquencies Stand in the Way

FHA Approval Can Raise Property Values…Don’t let Condo Delinquencies Hurt

Despite all the lovely roads and fire trucks we encounter every day, people still like to complain that their taxes aren’t being put to good use. It would seem they’ve never heard of an FHA loan. These aren’t mortgages issued by the Federal Housing Authority, rather ones insured by them. This insurance enables the lender to offer terms with significantly reduced down-payments, sometimes as low as 3.5% of the purchase price. And while the program explicitly exists to aid home buyers and not investors, it can still provide a significant boost to property values.  FHA approval is critical so don’t let condo delinquencies hurt you. If a building has FHA approval, the… Read More

Continue Reading