5 Risks of Self-Managed Community Associations

Self-managed community associations typically avoid professional management companies because of the cost. However, these associations have to ask themselves, “is the liability worth the risk?” As financial and legal responsibilities increase, so too do the risks associated with self-managed community associations. The Risky Business of Being a Self-Managed Community Association The majority of self-managed community associations are run by volunteer board members who typically work full-time jobs, don’t have the time to properly run a community effectively, and lack the industry experience needed to mitigate common risks. With this in mind, the five most common risks associated with self-managed community associations include: Meeting Minutes Compliance: Meeting minutes must be recorded,… Read More

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5 Ways Community Association Managers Can Thrive in a New Year

Now is the perfect time to align your team to prepare for what’s ahead. You may have aggressive goals in the new year to acquire new associations, expand your team, increase profitability, or all of the above. No matter the goal, you’ve also got the added challenge of staying competitive and, hopefully, a step or two ahead of the pack. Here are five ways to ensure you stay on track and turn your vision into reality. 1.) Keep Yourself and Your Team Informed The community association industry is rapidly evolving – are you keeping tabs on the trends and getting this information to those on your team or in the… Read More

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remote manageement versus full service

The Problem with Current HOA Management

HOA Management, like every other industry, has its ups and downs. Successfully managing an association brings people together, connecting homeowners with each other to develop that sense of community. On the other hand, failing to meet that standard can divide a community. Homeowners become angry with their board members and board members become angry with their management company. How do you fix this issue?  There are a few options; give your current management company one more chance, self-manage your HOA, or switch to another company. Unfortunately, one more chance means you are given a little more attention, but only for a short duration. Then it’s back to the old way… Read More

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Free Guide To Florida Condo Collections – Boards and Managers

Click Here to Get Your Free Guide to Florida Condo Collections with Bonus Material – Sample Uniform Collection Policy & Rental Demand Letter Mitch DrimmerMitch Drimmer is a respected thought leader in his field and has led numerous continuing education classes in collections, His articles have been published in key trade journals and newspapers, and he is a speaker at educational seminars. Drimmer is also a former board member of the Florida Community Association Professionals (FCAP) and earned his company the distinguished FCAP Reader’s Choice Award for collections four years in a row. Throughout his career, Drimmer has worked with community associations to help them see their way through tough times, especially… Read More

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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

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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

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