CAM Mash Up: This Week (May 16 - 22, 2016)

Posted by Andrea Drennen, CMCA on May 22, 2016

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Do female accountants get paid less than their male counterparts? What can management companies do to make more money? How can you manage the expectations of difficult boards? The answers to these questions and more 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!

 

Relationship Leadership

I am lucky enough to work for someone who understands the concept of relationship leadership to a T. I can’t imagine working day in a day out for a boss whose management technique was positional leadership. The ‘because I said so’ mentality. What is your leadership style?

Hiring Legal Representation

Obviously, it is everyone hope that as an association you won’t need an attorney to represent you, however, you never know what the future may hold. So how do you go about choosing the right attorney for the job? Not all attorneys are created equal. This article could just be the help you are looking for!

Municipal Reimbursement

“Let’s imagine that your boss invites you to a group dinner to celebrate her recent promotion. At dinner, you have a tasty salad and one glass of the house red, but your colleagues all have multiple cocktails; somebody orders the surf-and-turf, and all of a sudden, desserts start appearing. Then the check comes, and your heart sinks as “Let’s just split it five ways” quickly becomes the consensus. Why should you subsidize Jim-from-Accounting's steak? You didn't eat any of it, and he makes way more money than you do anyway.  If a skewed dinner bill is enough to make you fume, imagine sorting out the obligations, reimbursements and guidelines of municipalities versus homeowners associations when it comes to things like road and street maintenance, garbage and snow removal, and other civil necessities. Some states mandate how cities, towns and villages must handle the division of expenses between municipality and private HOAs...others like Massachusetts don't. It's an issue that can divide communities and cost condo owners a pretty penny.”

Community Security

Everyone wants to live in a safe community. Growing up, my family never locked the front door, left the keys in the front seat of the car and never thought twice about it. Those days are definitely long gone, although I am still occasionally guilty of not locking my front door. But there are a few steps that you can take to up the ante when it comes to community safety. Check them out here!

Who should pay for Employee Education?

Want to know a sure fire way to lose a great employee? Refuse to pay for their higher education, of course. “A lot of management companies dole out certification training in dribs and drabs, holding it over employees heads like the proverbial carrot on a stick. Why? Cost is usually the biggest factor. Getting someone from zero to PCAM can be an expensive project. There's more than just certification and training class costs. Management executives have to take into account paid time off, travel expenses and the costs of continuing education. And this assumes that the manager passes their test on the first try!”

 

*Image credit: English via pixabay

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