Condo associations are like mini-governments, and at the helm is the association’s board of directors. The board is responsible for ensuring the well-being of the entire association community, and one of the biggest ways they do that is by overseeing the association’s...
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...
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...
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...
If you’re new to a condo association, it can take some adjusting to understand the differences between owning a single-family home versus a unit in a condominium complex. As a member of a condo association, you’re relinquishing some of the daily responsibilities that...
