Why your auditor should be your new best friend, the security risks of catching waves by the pool and everything you ever wanted to know about short-term rentals. It all happened 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 please share it too!
Elementary, My Dear Watson
Who loves a good detective story? Auditors do! As a CAM Professional, your auditor can be your best friend. How much do you know about auditing? Do you know the 5 types of audits? The best time for a management company to commission an audit? Learn the 4 things every CAM Manager should know about auditing.
Who Watches the Watchers?
Auditing is a good step toward preventing fraudulent behavior in community associations, but how do you keep your own house in order? Is your company's working environment ripe for fraud? Learn the steps you can take within your management organization to stop employees from stealing.
Conflict of Interest
Some management companies opt to provide additional services with a higher profit margin, such as maintenance and landscaping. But when you have some level of hiring power over vendors AND you have ownership in a service provider that means you have privileged information, and it's a conflict of interest. Find out here four ways to get around a conflict of interest.
I love it when community associations offer free wi-fi at community facilities like pools and community centers. But just like we need security at the pool, we also need cyber-security. Does your community association have a wi-fi policy that users must agree to prior to gaining access to the services? They should!
I have personally used Airbnb on many different occasions and have had nothing but wonderful experiences with the homes I have rented. However, during my stays I was always thinking about the other permanent residents who neighbored my new home for the night. How must they feel about me and my friends sharing common areas and stairwells with them? And what if we weren’t as well behaved and polite as we are? Learn more about the rise of AirBnB and get tips on writing your policy here.
Do you have unexplained water leakage in your condo buildings? You might just be dealing with it, but check this out. A certain combination of pipes used in buildings constructed between 2003 and 2010 may be causing your pipes to deteriorate more quickly than they should. There may still be time to take action.
Board Member Burnout
Serving as a member of an HOA board can be a stressful position to be in. Like any high stress job, the risk of burnout is quite high. There are some steps you can take however to help reduce how often this happens to your board members. Check them out here!