Condoboss Best Practices: Capital Planning for Condo Associations

Condoboss Best Practices: Capital Planning for Condo Associations Now more than ever, associations must spend money wisely and plan ahead to ensure that their reserves are properly funded.  Proper reserve funding will allow board of directors to properly maintain the associations and maximize the real estate values of the homeowners. Duties and obligations of board Read more about Condoboss Best Practices: Capital Planning for Condo Associations[…]

Condoboss Q&A with Nik Clark: Why are Reserve Studies Critical for Proper Community Association Planning?

Condoboss Q&A with Nik Clark: Why are Reserve Studies Critical for Proper Community Association Planning? Condoboss(CB):  Tell me a little about yourself.  Why are you passionate about the community association industry?  Tell me about your background in serving the industry. Nik Clark(NK):  Superior Reserve Engineering and Consulting is a new company, but we are industry Read more about Condoboss Q&A with Nik Clark: Why are Reserve Studies Critical for Proper Community Association Planning?[…]

10 Crucial Things Your Community Management Company SHOULD Be Doing

10 Crucial Things Your Community Management Company SHOULD Be Doing 1. Statistics show there is high percentage of associations who plan their budget only one year in advance. Is your association part of that group? Best run associations have a 5 year capital plan, which allows for better planning, better budgeting and lesser reliance on special Read more about 10 Crucial Things Your Community Management Company SHOULD Be Doing[…]

Top 10 Tips: Avoid Getting Buried In Snow

Top 10 Tips on How to Avoid Getting Buried in Snow Now that the fall season is upon us, that can only mean one thing.  Old Man Winter is right around the corner!  And the good news is that many associations have enjoyed savings over the past few years due to the mild winters that Read more about Top 10 Tips: Avoid Getting Buried In Snow[…]

ACTHA 2013 North Expo – Westin Chicago North Shore – Saturday October 12, 2013 from 8:00 AM to 1:00 PM CDT

Saturday, October 12, 2013 at the Westin Chicago North Shore in Wheeling Attention board members, homeowners and vendors serving the IL community association industry!  Come join me at the ACTHA North Expo on October 12, 2013. Here is the link to register online now: https://events.r20.constantcontact.com/register/eventReg?llr=rmhmmecab&oeidk=a07e7tlfprle2f3dee8   General conference information: Expo Trade Show if FREE!  Exhibitor Showcase Presentations are FREE!  Parking Read more about ACTHA 2013 North Expo – Westin Chicago North Shore – Saturday October 12, 2013 from 8:00 AM to 1:00 PM CDT[…]

ACTHA 2013 South Expo – Tinley Park – Saturday September 28, 2013 from 8:00 AM to 1:00 PM CDT

Attention board members, homeowners and vendors serving the IL community association industry!  Come join me at the ACTHA South Expo on September 28, 2013. Here is the link to register now: https://events.r20.constantcontact.com/register/eventReg?llr=rmhmmecab&oeidk=a07e7eermto07264079 There is no charge to attend the Expo Trade Show or the Exhibitor Showcase Presentations. The price to attend the educational programs is: $25 Read more about ACTHA 2013 South Expo – Tinley Park – Saturday September 28, 2013 from 8:00 AM to 1:00 PM CDT[…]

Today, CAI (Community Associations Institute) celebrates their 40th anniversary

Today CAI (Community Associations Institute) celebrates their 40th anniversary. CAI is the largest national organization dedicated to improving community association living. If you are a community association board member or homeowner or a vendor serving community associations, you should check out this organization. http://www.caionline.org/

How Can Your Association Increase its Chances of Qualifying for a Loan?

How Can Your Association Increase its Chances of Qualifying for a Loan? Contributed and written by:  Anthony W. Dister, Vice President COMMUNITY ADVANTAGE of Barrington Bank and Trust, a Wintrust Company I am sure you have all heard that Banks are not lending money and that financing is very difficult to obtain these days; however, Read more about How Can Your Association Increase its Chances of Qualifying for a Loan?[…]

Example #2: How to throw away your community association money

Overspending Example #2: A 15 unit condo association is proactively advised by the management company to take on a $5,000 tuckpointing project in order to address some tuckpointing areas that have deteriorated. The suggestion is made by management to proactively maintain the building and minimize the possibility of water intrusion. The board ignores the recommendation Read more about Example #2: How to throw away your community association money[…]