Here's a quick rundown of all of the happenings in the CAM industry in this week's CAM Mashup!
It's (Kind of) Easy Being Green
A really common question people ask about HOAs is what the fees cover. It's a valid question, after all. They're going to be paying money every month, sometimes fairly substantial amounts, and it's important that they know what those fees do for them.
More than anything else, your future owners should know that this money is an investment, and not just the kind where people say, 'well you're investing into your future!' and then never explain how that investment benefits them on a personal level.
Their money is investing in the success of the community at large, so those new solar lights that are being put in aren't just aesthetics on the surface, that aestheticism means dollars if they ever decide to sell their home. Plus, that solar power means less electricity usage, resulting in a greener footprint and smaller utility costs overall.
Building on that, the state of New York just passed sweeping legislation requiring that large buildings (like the high-rise condos that occupy much of NY land) reduce their carbon emissions by 40% in the next 11 years. To a unit owner that doesn't really sound like a them problem, but their assessment dollars are what will be directly impacting the legitimacy and sustainability of their building, the health of the environment in some capacity.
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!