You can’t underestimate the value of insurance. In a simple analogy, operating a business—or the day-to-day business of an association or condo association—without adequate insurance coverage is a lot like skydiving without a parachute. Ne…
Say you’re in bed, and you hear what sounds like the shower going. It's late, and you're tired, so you pay it no mind. You wake up at 4 a.m. to get a glass of water and find half the rooms in your apartment flooded— you forgot to turn the …
Individuals, associations and other entities carry insurance coverage to protect them from liability, loss, and other financial and legal threats—that's pretty basic. What isn't always so basic is deciding when to file a claim versus payin…
Sometimes insurance and the terms that accompany it can feel like a completely foreign language. It can be mystifying and overwhelming, whether for individual condo residents or the board members who oversee the community as a whole. The i…
Homeowners associations and condos are governed by a set of specific documents that lay out the administrative structure of the community, its rules and regulations, and protocols for decision-making. The declaration of covenants, conditio…
Seeing the positive in life is a wonderful thing, but when you’re a manager at an association, regardless of its size or how civil and well-mannered shareholders and owners can be, there will always be situations that arise that need to be…
Everyone would love to believe their HOA or condo association building is a miniature utopia where everyone gets along and disagreements are well-nigh unheard of. Of course, if you have ever actually lived in a condo association or HOA, yo…
Having apathetic leadership is a problem in some buildings, though a board that oversteps the boundaries of its power or invades the privacy of residents also can be a headache. An informed board, however, should be less apt to go beyond i…
While keeping the records of the association is not the most fascinating part of serving on a board, it is in some ways the most important. In fact, the flow of paperwork is the lifeblood of the community. The Articles of Incorporati…
It only takes a few minutes of Googling to uncover the traits that make a successful person or business owner. For example, Entrepreneur magazine’s Steven Key wrote the article, “5 Qualities of Successful Persons,” which included such trai…