Condo associations, no matter how big or small, will come up against some major expenses at various points in their operation. The key to being prepared to handle these hurdles with ease is by fully funding your reserve. What is a reserve fund? Reserves are monies set...
Storms can come and go relatively quickly, but the damage they leave can take months and years to clean up depending on the severity of the storm. If your condo association is hit by a tropical storm or hurricane, there are certain steps you can and should take to...
In Florida, we’re never really out of the woods when it comes to hurricane planning and storm preparation. For condo associations in particular, hurricane preparation is a shared responsibility between individual unit owners and the association at large. If you’re a...
Annual budget planning is among the board of director’s biggest responsibilities. Poor fiscal management could be devastating for an association. Conversely, healthy planning and making smart budgetary goals are keys to helping your association thrive in good times...
In Florida, condo associations are required by law to carry insurance policies to protect their property, common areas, liability, and more. While associations may choose their own insurance policies, there are certain requirements that must be met in order to abide...
Condo damage can be a sticky situation. With multiple unit owners living in such close proximity, a leak in a unit overhead, for example, can quickly become serious water damage in the unit(s) down below. When something like this happens, naturally everyone is left...
