Remember that scene in A Christmas Story when young Randy is bundled up in the big puffy snowsuit by his mother? All that puffy padding is meant to protect him from the ills of the world - catching a cold from the weather, or getting hurt from falling down.
This week's CAM Mashup is like that snowsuit - big puffy padding meant to help protect community associations from all the bad things that can happen. Whether it's misusing social media, making a mistake with a bankruptcy, or potential liability from broken swing sets, we've got your back (and your front too - just don't try to put your arms down!)
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!
Social Media Update
With the news full of all the problems that stem from social media, from companies gaining access to private information and fake news stories influencing voters, now is a perfect time to re-evaluate your community's social media policies to insure that your community is handling this powerful, but dangerous tool with the proper care.
Property Values and the HOA
We in the CAM industry talk about a lot of different factors that contribute to a successful community association. But the bottom line is, community associations exist for one reason only - to maintain (and improve) property values. But there are a lot of mistaken impressions that homeowners and board members have concerning property values.
Let's dispel these common misconceptions about property values.
Bankruptcy in the Community
Bankruptcy is meant to give someone who has gotten over their head in debt a chance to get back on their feet again. But just as a few rotten apples can spoil the whole bushel, some homeowners are abusing bankruptcy as a measure to stop foreclosure or a lien due to unpaid assessments. When a homeowner goes into bankruptcy proceedings, the community association has to walk a fine line to insure that every i is dotted and every t crossed so the association gets what it's owed.
Here are some important dos and don'ts to consider when you find out a delinquent owner has declared bankruptcy.
Swing into Action
By now you have surely already heard about the community association in NV who lost a 20 million dollar judgement over swing set maintenance. If it didn't occur to you that this could happen in your neighborhood too, then I am here with your wake-up call. We've already seen hundreds of community associations remove their diving boards to avoid liability, and AED machines, meant to save lives, have also been nixed for the same reason. But is there another way to provide valuable amenities without putting the community at risk of a lawsuit?
Bringing In the Locals
"As a board member, there’s often more to do than you have time for, and finding efficiencies is often easier said than done. But there’s one helpful resource that communities often forget they have at their disposal: local government.
Whether your community is under the jurisdiction of a city, county or township, public servants and programs can help your community in a variety of ways."
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!