This week in Community Association Management we're bad to the bone - from bad turnouts at annual meetings, to bad financial decisions, to delivering bad news, to the baddest place to live in America. Learn 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 Mashup and please share it too!
How to Make Quorum
Having trouble making quorum at your annual meeting? Here's a great contest idea that you can run at the meeting that will bring residentas out of the woodwork... and how to do it legally to successfully make quorum at your next meeting.
HOA Financial Fails
“Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so.” Wise words from Douglas Adams but please, don’t be like most humans. Learn from the financial fails of other HOA’s so you don’t have to endure the same consequences of bad financial decisions.
Delivering Bad News to Employees
Take it from the former Chief Operations Officer of Delta airlines when it comes to best practices while delivering bad news to employees. Honesty is always the best policy. Keep in mind that they are all adults and can handle a little bit of harsh reality. Most likely you will find that when you are frank about the situation your team will rise to the occasion.
The Average Cost of American Dream
Looks like we should all be moving to Cleveland, Ohio. Currently, it is the least expensive city in the United States to snag yourself a home of your own at an average of just $74,502. And the most expensive city you ask? Newport Beach, California. Probably not a huge surprise but I was shocked at the average house price that is coming in at a cool $2,291,764. Yikes!
How would you rate your community’s culture? Would you say most of your residents feel a strong sense of community? Do they love where they live? If your answer isn’t a resounding ‘YES!’, not to worry. There are so many ways that you can raise your community’s moral without breaking the bank. Help found here!
“I learned many years ago that when I wanted to improve efficiency and effectiveness, it is best not to completely reinvent the wheel. Learn from what other successful operations are doing and adopt some sort of modified version that works best for you.” Words of wisdom from our very own Andrea Meyer-Smith, PCAM
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.