In community association management, what you don't know CAN hurt you. That's why auditing is so important, why it may be more prudent to give up on the therapy animals, and why you should ask the right questions about monthly financials. Get in the know with this week's CAM Mashup!
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 please share it too!
Experts agree that every community association, regardless of size should be audited at least every three years, if not more frequently. And yet we continue to see Boards that think that applies to everyone else and not their community because: reasons. The truth is, even the most transparent and fiscally responsible communities have been surprised by what an audit can find. (And it's not always fraudulent behavior!) Check out these top 5 issues uncovered in HOA audits.
Theraputic, or pain in the rear?
It seems that within HOA’s, the topic of therapy animals is a never ending discussion. How do you go about proving that an animal is or is not a legitimate therapy pet? It can be rather tricky to disprove the legitimacy. And sometimes, you just have to ask yourself as the board, is it even worth the fight?
Committees can be an effective way for the board to delegate responsibilities and get more community members involved in the running of the association. However, if you aren't using them correctly, communities can be a detriment, taking up more time and energy from an already overworked board. Take these tips for more effective committees.
Reducing Violation Notices
Wish there was a better way of reducing the number of violations being dealt? I think we all do, homeowners and associations alike! One great way of making this dream a reality is to send out small reminders to homeowners of the most violated rules. However, I think we are all sick of emails and frankly they go unnoticed most of the time. So, don’t you wish there was a better way? We have the solution, here!
Marty McFly Was Right!
It looks like Marty McFly’s predictions weren’t actually that far off! While a true hoverboard hasn’t been released into the wild, we do have several boards that come pretty close! It is important that you are aware of the laws associated with these ever popular new toy!
Minutes, Not Seconds
If your board minutes read like a book every week, with opinions and discussions and every detail in them, you may have gotten lucky that a court stenographer volunteered to join the board in his free time, but you may not be doing it right when it comes to the minutes themselves. Learn the do's and don'ts of what belongs in the minutes here.
So you’ve thoroughly read your board’s monthly manager's report? Now, there are some very important follow up steps that you need to take! Are you aware of what those steps entail? Help is on the way, here!