Feng Shui, foreclosure crisis, predatory investments, home building booms, reinvigorating your career, 3 most dangerous words and #icebucketchallenge. WOW! —it's this week in Community Association Management!
As an educated member of the Community Association Management industry, you already know how crucial it is to stay informed and up-to-date on the latest news, trends and happenings within the industry. Each week, we bring together our favorite reads of the week and share them with you! Enjoy the CAM Mash Up and feel free to share it too!
"Your company website is your virtual property management office. In fact, if you are doing a good job of promoting it, I’ll bet more people visit your website than your physical office location." That being the case, maybe you should consider applying these 5 feng shui principals to your management compnay website.
The 2nd Wave
Just when you think we've made it out from under the mortgage crisis, experts are predicting another spike in the foreclosure crisis in 2015 due to the delay measures that were enacted in the beginning of the housing bubble burst and are now coming to fruition.
Speaking of foreclosures, there is an interesting new trend for real estate investors: buying HOA foreclosures. This article discusses the challenges and the rewards to the investor that can come from buying foreclosed homes directly from an HOA.
On a positive note, new homebuilding (and new homeowners associations!) is booming across the country! Check out the top ten US markets where new home builds are taking off. Reno, NV, I am looking at you!
Been feeling a little ho-hum about your career lately? You need a pick-me-up! Check out these three ways the #CAMfireConference will reinvigorate you and your management company.
Paid In Full?
"What does your association do when an owner sends the association their assessment payment for less than full amount due? Say the owner owes $1,000.00, and only sends in $100.00 and on their check writes 'paid in full.' Do you deposit the check and bill the owner for the difference?"
The ALS Ice Bucket Challenge has spread like wildfire recently. It ticks all the boxes for a viral event - it's for a great cause, a fun and easy event to do, and produces embarasing blackmail material in video form! Premier Association Management challenged us to do the ALS Ice Bucket Challenge (see their video here), and we were thrilled to meet the challenge! Check out the video below:
If you've got big news that would be relevant to other CAM professionals, please share it with us in the comments below
Since receiving her BS in Marketing, Brianna Sturm has perfected the art of event management. She uses her powers for the greater good in her role as executive assistant to Mike Hardy, President of TOPS Software. Bri is also the official morale officer at TOPS. When she's not posing with fake mustaches and glasses, she keeps everyone upbeat with her humorous poetry readings.