In Miami, there’s no getting around the fact that we need strong roofs over our heads. When you’re part of a condo association, roof maintenance, repair, and replacement is the often responsibility of the association at large, and, depending on your governance...
From a personal finance perspective, you know the importance of saving for a rainy day in case your car needs a new transmission or your air conditioning unit suddenly goes out. Because we know these things may happen at some point in the lifetime of the item, we plan...
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...
Storms can come and go relatively quickly, but the damage they leave can take months and years to clean up depending on the severity of the storm. If your condo association is hit by a tropical storm or hurricane, there are certain steps you can and should take to...
In Florida, we’re never really out of the woods when it comes to hurricane planning and storm preparation. For condo associations in particular, hurricane preparation is a shared responsibility between individual unit owners and the association at large. If you’re a...
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...
