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Illinois woman sues condo association where husband died from swan attack

Illinois woman sues condo association where husband died from swan attack

Illinois woman sues condo association where husband died from swan attack Anthony Hensley drowned in April 2012 after being attacked by a swan while working for his job with Knox Swan and Dog. That company, along with the Bay Colony Drive condo and Hillcrest Property Management, has been named in a lawsuit by Hensley’s wife, Amy. Click here to read the rest of the story 

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Top 10 Ways for Condo Associations To SLASH Expenses

Top 10 Ways for Condo Associations To SLASH Expenses

Top 10 Ways for Condo Associations To SLASH Expenses What are the best ways for condo associations to SAVE money?  Today more than ever condo associations all over the U.S. are looking for more and more ways to save money.  So here are top 10 most effective ways for condo associations to save money: Hire a more effective condo management company.  One of the biggest mistaken beliefs is that condo associations think they are saving money by hiring a low

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How To Build A Transformational Company and CRUSH your competition.

How To Build A Transformational Company and CRUSH your competition.

How To Build A Transformational Company and CRUSH your competition. First of all, what exactly IS a transformational organization? And what are the benefits of creating one? Let me answer those 2 questions first before discussing how to create one. What is a Transformational Organization? First and foremost, a transformational organization is a company lead by people who have HIGH emotional and social intelligence. The leaders of these organizations live a journey of continuous improvement and are always looking to

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How a Condo Management Company Can Change Your Life

How a Condo Management Company Can Change Your Life

How a Condo Management Company Can Change Your Life I know. It seems hard to believe. How can a company that handles complaints and issues for a living make a difference in anyone’s life? And to make matters worse, I constantly hear the comment (once I disclose that I lead a condo management company) “That must be a hard job with everyone always complaining”. And to be honest, there have been times in the past that I wondered “what did I

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Top 10 Condo Association Management Myths

Top 10 Condo Association Management Myths

Top 10 Condo Association Management Myths As a CEO of a condo management company over the last 13 years, I have come across some interesting beliefs shared by board members, homeowners and people affiliated with the industry in some way, shape or form.  So here are the top 10 myths: MYTH: Hiring a low cost/cheap condo association company saves the condo association money. FACT: it will probably cost the association more money overall than hiring a more skilled and more

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Does hiring a “BUDGET” Condo Management Company Really Save You Money?

Does hiring a "BUDGET" Condo Management Company Really Save You Money?

Does hiring a “BUDGET” Condo Management Company Really Save You Money? Condo association board members and homeowners are constantly pondering this question.  And the converse of the question is equally as important to address: Does it pay to hire a more costly condo management company?  I will address the first question in the following blog and answer the second question in a subsequent blog posting. Why Condo Boards Hire Condo Management Companies Before addressing the value of a “BUDGET” condo

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Top 10 Ways It Pays To Hire An Effective Condo Management Company

Top 10 Ways It Pays To Hire An Effective Condo Management Company

Top 10 Ways It Pays To Hire An Effective Condo Management Company One of the most common question asked by condo association board members AND homeowners is whether or not it is a good investment to hire a management company. This question is of particular relevance to smaller associations that are under 25 units. Coincidentally, the vast majority of condo associations in Illinois are under 25 units. For larger community associations and high rise condo associations, there is no doubt

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10 Ways Condo Associations Can Save On The Front End And Lose On The Back End

10 Ways Condo Associations Can Save On The Front End And Lose On The Back End

10 Ways Condo Associations Can Save On The Front End And Lose On The Back End As a community association business owner over the last 13 years, I have heard countless stories on how condo association boards hired low cost management companies to save money. But the question that really needs to be asked is “Does that really save associations money overall?”. I will attempt to address this very important question by posing the following 10 questions: Doesn’t an association

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Why some condo management companies charge low fees and deliver poor service?

Why some condo management companies charge low fees and deliver poor service?

Why do some condo management companies charge low fees and deliver poor service? This is a question that I have pondered for a long time. And this question really applies to all service industries especially the community property management industry. As a business owner, I get that businesses are usually looking to add new clients. But at what expense? So here are my thoughts on how some companies justify charging low fees and delivering poor service: 10. Companies just want

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How Much Should Condo Associations Have in Reserves?

How Much Should Condo Associations Have in Reserves?

How Much Should Condo Associations Have in Reserves? This is a question that is asked frequently by condo association board members and homeowners.  There is really no scientific formula that is applicable to address this question.  There are however a number of key factors that help determine the answer. Determine Funding Methodology.  Does the association want to operate on the principle of full funding, partial funding or under funding for larger scale projects?  Ideally, the association should have full funding

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