Seems like the year has just flown by, but this week, the CAM industry reminded us that 'It ain't over till it's over!' Time seemed to be the prevailing theme this week - from the time left in the year to do the right thing, to paying employees overtime, to giving owners a little more time to pay up, to time management (making time for yourself!). So take some time to catch up on 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
The Year is NOT Quite Over
“Wow – it seems that you’ve just set up your goals for the year and now you realize that the year is quickly coming to an end! While, it is always good to look ahead toward the New Year, it is also important to remember that the year is NOT yet over. NOW is the perfect time to take advantage of rest of THIS year.” See how here!
Eligible for Overtime
"Earlier this year, the U.S. Department of Labor released an update to the overtime rule that determines which employees are eligible for overtime." It kicks in December 1st, and if you've been ignoring it because you thought it wouldn't apply to you, check again. Learn how this new rule applies to employees of community associations.
Push it Real Good
I am definitely a big fan of my comfort zones. I have become much better about it recently, however, I used to never take a risk. I liked the safe road. But where is the fun in that? Nothing good, new and exciting comes out of playing it safe all the time. “Most people are uncomfortable with the unknown, the uncertainty that comes with any change in our lives. I have come to believe that without change, we become prisoners to ourselves.”
Common Area Political Statement
I think we can all agree that we are thrilled that the election is over and done with. No matter who you were rooting for, it’s just a relief it's been put to bed. But let’s take a look at how the election period was handled within HOA’s. Believe it or not, HOA's don't hate free speech, but that doesn't mean it's ok the have a political poster in a common area.
Pulling it Together
"During the recent Great Recession, many communities suffered with abandoned units, squatters, foreclosures and short-payments due to underemployment or job loss by members in the community. These challenges required managers to get creative about how to work with directors and owners to keep the grass cut and the lights on! Some of the strategies employed over the past eight years, may be still be beneficial for owners struggling to pay their fair share. If your community is still experiencing a high delinquency rate, have a candid discussion with the board about the possibility of offering different programs for different owners.
“You may think that only big businesses with millions of dollars are at risk for a cyber hack, but that isn’t the case. Cyber criminals know that smaller companies, including HOAs, don’t have the money or sophistication to have impenetrable online protection. If you are worried about your HOA’s cyber security, check out these four tips.”
The Big Interview
How many community associations have hired a lawyer based on the recommendation of their management company, having never even met the lawyer? Sadly, that number is pretty high. Your community's lawyer needs to mesh well with and understand the goals of the community's board. If you haven't been conducting a thourough interview, maybe you should before you next hire a lawyer.
Tis the Season
*Image credit: Kevin via flickr