CAM Mash Up: This Week (Jan 14 - 20)

Posted by Meigan Montoya on January 21, 2019

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

The Nitty Gritty

First and foremost, it's important to talk about the elephant in the room--the persisting government shutdown. We make an effort not to delve too deeply into politics, only commenting when it becomes relevant to the CAM industry. Right now, there's definitely some relevance, because tax season is in full effect, shutdown or no shutdown, and you will still be responsible for filing on time, as the IRS has issued a statement officially acknowledging that filing WILL start on time. For more information on the IRS's statement and what impact the the government shutdown may have, see AICPA's blog post about the ordeal here.

In that same vein, End of Year is also going strong, and it's important to remember that there's more than just taxes to be done. While you're gathering everything you need for taxes, it's also a good time to take a look at these annual financial reports that your HOA and condo association should be keeping, and how TOPS [ONE] can make those reports easy and stress-free. 

Being Better

It's no secret that some people (misguidedly) hate their HOAs. They see them as nothing more than corrupt entities filled with power-hungry greed monsters, and sometimes they're right. Just last week I was crawling around on reddit and stumbled across a story from the perspective of a homeowner who had taken down his corrupt HOA.

But the reality is that those kinds of HOAs are not the standard. Unfortunately, that doesn't mean your homeowners aren't waiting for you to fail. The best you can do is, well, your best! Ensuring that you're not under- or oversharing sensitive information with board members, making a point to be vigilant about your (actual or perceived) conflicts of interest when dealing with community funding and activities, and even something as simple as keeping HOA meetings productive and efficient, and making sure you take to task only the problems that really matter, can go a long way toward creating and maintaining trust within your HOA or condo association. 

 

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 marketing@topssoft.com 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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