CAM Mash Up: This Week (Feb 11 - 17)

Posted by Meigan Montoya on February 18, 2019

Here's a quick rundown of all of the happenings in the CAM industry in this week's CAM Mashup!

Talking Tech

Technology is the name of the game these days. And we don't just say that because it's OUR game--the whole world has embraced technology, and that means every industry out there is now held to a higher expectation by consumers. For you, that means your homeowners expect more transparency, more automation, and more communication

But that's not all they expect. They expect a certain level of security--and so do you. Cybersecurity is the other side of the technology coin. With the mass embrace of new tech came a mass onslaught of people ready and able to exploit it for their own desires. With TOPS products, your data is always secure, but it doesn't hurt to have multiple levels of security on your own end as well. Kind of like locking the door to your garage, even though the garage door is already closed. 

And Talking Turkey

It's not Thanksgiving, but it's always a good time to talk about your community financials and all the 'turkey' you're responsible for. 

When it comes to community money, reserves are your bread and butter (we're apparently building a turkey sandwich here, today, stay tuned folks). Reserve funds are what keep communities from having to change monthly dues for homeowners on a monthly basis. Whether it's padding for routine, expected maintenance, budgeting for weather-related emergencies, or factoring in how those reserves play with future needs, monetary awareness is a huge part of CAM life. But, as they say, make plans and the universe laughs (or something like that), and sometimes the best laid plans still end in special assessments. If and when that happens, it's important to be prepared to 'sell' the bad news to your homeowners, and be ready to handle their backlash.

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 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!

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