March already?! 2017 seems to be flying by! Though I guess they say time flies when you are having fun, so that's something good. :-)
This week the CAM industry celebrated women, talked paperless payables, renters (short term and long term), wifi and break-ups. Read all about it 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!
The Accidental Employee
"The legal distinction between an employee and independent contractor can sometimes be a fine line that carries significant consequences for the association. Failure to properly classify a worker can result in substantial and unexpected costs. Not only will the association owe state and federal employment taxes for a misclassified worker, but it can also face significant fines imposed by the IRS for wrongfully classifying a worker, whether intentional or not." Does your association have accidental employees?
Girls Run The World
International women's day is March 8th, and in honor of it, Gladly and Tanoa explore why women make great Community Association Managers. Women tend to demonstrate 4 Ws that are also traits of great managers: Willing, Wise, Warm and Hard Workers. Read all about it here.
"In addition to streamlining the accounts payable workflow, automation centralizes and processes paper and electronic invoices in a single location. Automation solutions will even perform the data extraction for you, such as association, vendor, invoice number, amount, and relevant dates. This leaves managers with the simple task of reviewing the invoice image online, assigning expense coding, and approving it for payment. According to a recent study done by PayStream Advisors, most businesses are still making 46% of payments via paper check. Where does your association stack up?" Learn more here!
The Brawl Over AirBnB
This is seems to be a never ending heated topic within the community association industy and doesn't seem to show any signs of disappearing anytime soon. "The dangers of illegal sublets in co-ops and condos have been widely documented, and they’re now a year-round problem. And Itkowitz, among others, stresses that all sublets are not illegal. As she writes in her pamphlet, “Do NOT confuse short-term leasing with a tenant’s rights to a roommate or to sublet.” What are your thoughts on on this controversial topic?
Nothing is Forever
Sometimes relationships have to end. In community association management, there are several kinds of relationship enders that we encounter (Though we prefer the kinder word 'transitions') Donna DiMaggio Berger, Esq kicks off a new series where she explores these different types of transitions, and what you need to know. This week's transition? Breaking up with your management company. Learn about the community's legal rights, what's expected of the management company, and how to make it as smooth a transition as possible. Learn more here.
Owner v. Renter
"Many homeowners believe renters make bad neighbors, allowing their properties to fall into disrepair during brief stays in homes that belong to investors who only care about the rent." Whether either side is right or wrong, how can we work to bridge the gap between the two and find some peace?
"Everyone loves being able to connect to Wi-Fi for free when they are out and about. For this reason, many associations offer free Wi-Fi in community areas, so residents can surf the web without using up any data. However, there are some risks involved with public Wi-Fi, so check out these five regulations your HOA should consider." Find them here!