Rules, rules, and more rules! You know that running a management company or an HOA board comes with a slew of rules and regulations that need to be followed. This week's CAM Mashup is dedicated to some of the trending regulations being discussed this week. From populating your HOA Board, to equal housing regulations in relation to transgender persons, to condo resident's rights to privacy, it's all here! Plus, as a bonus we've got a great class from CAMfire 2018 presented by Robert Nordlund of Association Reserves! All of this, and more in 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!
Running Out of Volunteers?
"Serving on a homeowners association board of directors is a thankless job that often fails to receive the recognition it rightfully deserves.
Sadly, communities sometimes experience a dilemma in which the old board members have served to their term limits and no other volunteers are interested in stepping up to the plate to volunteer their time and effort as a replacement board member. This creates two legal issues: Whether the old “termed out” board members can stay on the board, as well as what happens if nobody is willing to serve on the HOA board moving forward."
Planning Your Reserve Fund Route
"We've said it before, we're saying it today, and we will undoubtedly say it many more times in the future: Reserve funds, and most (if not all) things related to them, are tricky. And time and again we find ourselves turning to reserve expert Robert Nordlund, PE RS, CEO of Association Reserves, and his wealth of knowledge about reserves, as well as his passion for the accounting side of community association management.
"We all know that community associations are microcosms of the society at large, and transgender issues are no exception. Transgender persons face violence, discrimination in the workplace, educational challenges, and health concerns. Relevant to community associations, they also face significant hurdles related to housing."
Preparedness is Key
"According to a recent poll fromCities Management's Facebook page, 71 percent of voters prefer to hold anannual meetingat the beginning of the year. This makes sense because the year-end financial statements from the previous year will be shared, and most often homeowners want to see these in the first quarter. Regardless of when the annual meeting occurs, there should be ample time set aside to adequately prepare and plan for this community event. Planning will help ensure the annual meeting is a successful one!
"Living in a home administered by a condominium association is a unique experience. There are significant benefits to association living, including the ability to defer decisions (and the execution thereof) regarding administration, insurance, repairs, maintenance and other usual owners’ obligations to a professional property manager or board of directors. Conversely, association living requires owners to surrender specific benefits of homeownership, including a certain amount of autonomy, often perfect quiet, and – as is discussed in this post – a certain amount of privacy."
Do You Have Big News This Week?
If you've got big news that would be relevant to other CAM professionals, please share it with us in the comments below!