This week, co-ops celebrated the big one! But that wasn't the only thing the CAM industry was talking about this week. Costs were on the tip of everyone's tongues - from the high cost of hoverboards and background checks, to the hidden costs of return mail and poor websites. Read all of these great stories from 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!
Happy Hundredth, Co-Ops!
This week, Co-ops celebrated their one hundredth birthday in America! Check out this fascinating story about the first cooperative community in Brooklyn, NY - Finntown.
Is your website out or date? Are you presenting a front that makes you hard to reach? If so, you might be committing one of these website sins. It's part two of a series on the seven deadly sins of management and community websites.
"What is returned mail costing your organization? It’s probably more than you think. Every piece of undeliverable mail — whether it be an important financial notice or monthly statement — causes financial strains on your company, can impact your relationship with customers, and ultimately affect your bottom line."
You have your reserve funds safely socked away in CDs. But are your CDs properly insured? One option to look into is a CD backed by CDARS (Certificate of Deposit Account Registry System), which allows you to deposit more than 250k with a full coverage insurance up to 50 million. Learn more here.
If they have wheels, they aren't hovering!
You know those new devices being billed as hoverboards? They remind me more of a Segway without a stick than something from Back to the Future, but that's besides the point. The fact is, these devices are making their way into our communities. What are the dangers, and what, if anything, should community associations do?
Does your community run background checks on potential new renters or owners? If so, you may be engaging in discriminatory behavior that is against the Fair Housing Act. Learn more here.
Tooting Our Own Horn
We try not to toot our own horn too much here, but we are kind of excited about the latest development at TOPS - we were just awarded the distinction of Best Places to Work in Tampa Bay by the Tampa Bay Times. Thanks to all of our awesome team members! Toot, toot!