Valentine's day is almost upon us, and although we like to think of love as being a simple and beautiful thing, the reality of it is that love is complicated. This sentiment was evident all around us this week, as the community association management industry wrote love letters (of sorts) to her many suitors. Read on to see how deep our love is 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!
When you have a high value community in you portfolio, it's easy to overlook the hardships that may come with it - high maintenance board members who want it their way or the highway, hostile homeowners, vendors ready to give up. The signs are all there when you've caught a tiger by the tail. It can be hard to let go, especially if that one account makes up a significant percentage of your revenue, but you may find in the end, that saying goodbye is the best decision you ever make.
I'll be There for You
An important part of growing your career as a CAM Professional is attending industry events. From education to networking to industry connections to the tracking of trends, your presence at CAM industry events are an investment in you, your business, and your future. You can't afford to miss out! We've compiled our annual monster list of all the major industry events in 2017 so you can plan your calendar accordingly. The list is broken down by region to make it easier for you to find events close to home.
Working Hard to Earn Your Love
There's no question that a board of directors should do their due dillegence when seeking professional management. After all, it is the board's fideciary duty to act in the best interest of the community. However, there is a fine line between doing your homework and expecting someone else to do it for you. This brings us to a new trend in which boards are sending our comprehensive RFPs to management companies, with very tight deadlines. This is on top of interviews and management proposals. The extra work can put a real burden on smaller management companies who don't have dedicated staff for this kind of task. Which brings us to the question, are extensive RFPs a necessary part of doing business, or just an extra hoop for management companies to jump through?
Our Love is Like a Roller Coaster
Every relationship has its ups and downs, but none more so than community associations and social media. Some communities love it, some hate it, and many many communities have set their relationship status with social media to 'It's Complicated." Regardless of where your community stands, knowledge is power. from the experts on what works, what doesn't and how to choose.
I love to Hate You
Air BnB and the condo industry have a love-hate relationship. Airbnb loves condos, and condos hate that. But in spite of this on again off again relationship, homeowners continue to try to rent out their homes for the short term via Airbnb. In fact, the number of investors buying homes specifically for short term rentals is increasing, prompting one Community Association lawyer to write an open letter, begging AirBnB to please stay away.
Either the Dog Goes, or I Do
In other relationship troubles, we have the ever-present emotional support animals. (Funny how there are many, many more emotional support animals in no-pet communities than in pet friendly communities.) "I came across a site which advertised itself as "Airbnb for Dogs"! Oy. For a fee you can drop off your pet at a sitter's home but just imagine if that home happens to be inside a pet-restricted condominium or HOA? You get the best (or worst depending on one's perspective) of both violations!"