As a member of your condo association’s board of directors, you’ve likely noticed wide variation in unit owner’s engagement with board initiatives and responsiveness to communication. Some might only call to complain. Others want to attend every board meeting. The...
Condo associations are like mini-governments, and at the helm is the association’s board of directors. The board is responsible for ensuring the well-being of the entire association community, and one of the biggest ways they do that is by overseeing the association’s...
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 often the 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...
