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Community Association Capital Planning Demystified

Community Association Capital Planning Demystified

Community Association Capital Planning Demystified One of a board of directors’ most important functions is to plan long term. Yet, that task is one many boards ignore or won’t discuss. Additionally, the level of long-term planning seems to vary depending on the community’s size. Larger communities (100+ units) tend to have better long-term planning than smaller ones do. Plus, Illinois does not require a long-term plan, reserve study or minimum reserve for homeowner associations, making planning easier to overlook. So […]

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Tips On How to Prepare the 2018 Budget

Tips On How to Prepare the 2018 Budget

Tips On How to Prepare the 2018 Budget As we approach the end of the year, and before we dive into the holiday season we must keep in mind to set a budget for the rapidly approaching new year. Budgeting and forecasting is no fun and I agree it can be stressful, but it is certainly one of the ways to help preserve the value of your home/association and get a handle on the your/association’s finances. Budgeting doesn’t always mean […]

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Top 10 Questions to Ask When Vetting a Community Management Company

Top 10 Questions to Ask When Vetting a Community Management Company

Top 10 Questions to Ask When Vetting a Community Management Company Hiring a new community management company is different from choosing a new cable company, but in our age of endless options, some board members may approach their selection process in a similar way. This falls in line with the current consumer mindset. Where once consumers might have had to pick between a few options, they’re now presented with a multitude of choices for basic things like bread, juice, water, […]

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Top 10 Ways to Drive UP Homeowner Engagement in Your Community Association

Top 10 Ways to Drive UP Homeowner Engagement in Your Community Association

Top 10 Ways to Drive UP Homeowner Engagement in Your Community Association Why do people choose a community association such as a condo, townhome or homeowner association? Is it because they want a maintenance-free living experience and chances to meet and mingle with neighbors? Or, are they looking to feud with people about noise issues such as barking dogs, revving motorcycles and upstairs neighbors walking in high heels on hardwood floors at 5am? No matter the motivation to buy into […]

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How to get the least amount of productivity from your community property management company GUARANTEED

How to get the least amount of productivity from your community property management company GUARANTEED

How to get the least amount of productivity from your community property management company GUARANTEED As a board member of a community association, it is your duty and responsibility to operate the association as efficiently and effectively as possible. It is also your fiduciary duty to operate the association as fiscally responsible as possible. A great way to ensure this approach is to hire a responsible and accountable community management company and utilize their knowledge and expertise as much as […]

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The 10 Best Ways to Improve Community Association Living

The 10 Best Ways to Improve Community Association Living

The 10 Best Ways to Improve Community Association Living One of the most impactful elements of community living is the quality of the relationship between the board of directors and the community property management company. This relationship can really influence the community living experience for board members, homeowners and residents alike. Unfortunately, the relationship’s health is often overlooked and either the board or a board member winds up micromanaging the property management company. To make matters worse, the relationship is commonly seen […]

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How to BOOST Your 2017 Condo Association Balance Sheet

How to BOOST Your 2017 Condo Association Balance Sheet

How to BOOST Your 2017 Condo Association Balance Sheet After having served in the community association industry for over 15 years, I have decided to start sharing some of the immense knowledge that I have accumulated. Having an electrical engineering background, my forte was not writing initially. In fact, I don’t even ever remember taking a writing class during my university studies. That said, I have learned to express myself through the written word and it appears that I have […]

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The Cooperator Expo is Coming to Chicago: Tuesday, November 15, 2016 10:00AM–4:30PM @ Navy Pier

The Cooperator Expo is Coming to Chicago: Tuesday, November 15, 2016 10:00AM–4:30PM @ Navy Pier

The Cooperator Expo is Coming to Chicago: Tuesday, November 15, 2016 10:00AM–4:30PM @ Navy Pier Are you a board member of a condo, townhome or HOA?  Are you a property manager?  Or perhaps a community manager of a high rise?  Or a portfolio manager of several community associations? Are you looking to take on a new painting project or a tuckpointing capital project?  Are you looking for a new CPA firm to audit your community finances and books?  The Cooperator […]

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How To Avoid A Community Association Winter Nightmare

How To Avoid A Community Association Winter Nightmare

How To Avoid A Community Association Winter Nightmare How prepared is your condo, townhome or HOA association? According to some weather pundits, Old Man Winter is supposed to pack a mean punch this time around and make up for the super mild winters we have had recently especially in the Chicagland area. So it is extremely important to ensure that YOUR community association is prepared for the worst. Based on historical snow fall over the last 100 years in the […]

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Best Ways to BLOW Your 2017 Condo Association Budget

Best Ways to BLOW Your 2017 Condo Association Budget

Best Ways to BLOW Your 2017 Condo Association Budget Are you serving on the board of directors of a community association? Do you spend more time than you care to admit volunteering for the board? Do you even realize that you should have already approved your 2017 budget or should have a budget approval meeting coming up within the next few weeks? Well let me share some CRAZY but TRUE tips for you so that you can triple the amount […]

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CPS on Facebook

Chicago Property Services, Inc

2 years 1 month ago

What are your fitness goals for 2016?

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Condo Boss on Facebook

Condoboss

2 years 1 month ago

Inquiring board members from Death Star want to know!

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What a great way to start the 2016 new year! Get your mind and body in the best shape of your life!

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