Here's a quick rundown of all of the happenings in the CAM industry in this week's CAM Mashup!
What's Good for the Goose...
The talk of the town recently has been addressing those seemingly-sweet deals when it comes to association fees. Obviously homeowners want the lowest fees possible, but they don't always realize that those low fees mean less frequent maintenance, if any, fewer amenities, and more room for overall failure of community health. It's important to remember that while you want to appeal to new homeowners, reducing costs of your association comes with a steeper price than what they would be covering, and can lead to serious financial pain in the long run.
Time is Money (And Money is Pizza!)
Arguably one of my favorite phrases, it's a fun way to remember what your money actually does for you, and why 'time is money' is more than just a quip to throw out when things take up your valuable time. Especially in community association management, time (spent on violation management, bylaw enforcement, etc) IS money. Alton Voss, an SDR here at TOPS, has a great story about this very topic.
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, or email firstname.lastname@example.org and share a link to your news with us for inclusion in the next mash-up!
About the CAM Mash-up: 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!