November already.... feels like this year is flying by so fast. Maybe too fast? This week, the CAM industry seemed to be all about disengagement. Between burnt out managers, apathetic owners at the AGM, and disputing residents, you'll get some great tips this week to help them re-engage. It's all 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!
HOA Meeting Attendance
“One of the biggest problems HOA boards have with annual meetings is keeping a decent attendance. No matter what you do to try and reach quorum, it can be really difficult to get people to come. Most community members see the annual meeting as a necessary evil or they really just aren’t interested in hearing from their HOA board or management company, mostly because they probably don’t think much of the meeting content will apply to or impact them. However, not all hope is lost. Here are some tips for improving not only attendance but also participation at your next annualboard meeting.”
Technology Innovations in the CAM Industry
“Everyone loves technology, but it takes a little bit of foresight and a change in perspective to appreciate the potential value. Take the example of the soon-to-be self-driving car. On the one hand, it might sound silly to have a car controlled by a network of computer programs. On the other hand, it might eventually seem insane in retrospect that 16-year-olds were given control of a 4,000-pound machine, capable of hitting speeds of more than 100 kilometres per hour. So, what equivalent technological innovations are happening in the world of condos today?”
“When buyers purchase apartments, they also purchase access to the condo or co-op’s shared amenities. Depending on the scale and financial demographics of the building, those amenities could be substantial; during the real estate boom of the early 2000s, free Continental breakfasts and in-house pet spas weren’t unheard-of. Even in more modestly appointed co-op and condos, pools, gyms, and so forth are often part of the package marketed to buyers. In a post-Recession economy however, boards in some buildings are re-evaluating the importance of certain amenities.”
“It is such a pleasure to meet new property managers. They are full of promise; they are positive, enthusiastic and eager to please. Embarking on a new career is exciting and should be celebrated. However, unless they have a support system that encourages their growth, and helps guide them through the rocky shoals of managing people and property, they will become frustrated, disillusioned, burned-out and then, sadly; drop-out.” Here are some tips on how to avoid burn out entirely!
Everyone, no matter who you are, if you live in close proximity of others, will inevitably deal with a dispute at some point in time. It is the actions you take in response to those dispute that make all the difference. Here is how you properly handle a less than ideal situation within your association.