CAM Mash Up: This Week (Oct. 1 - 7, 2017)

Posted by Andrea Drennen, CMCA on October 2, 2017


* We are sending this issue Monday morning, after the horrific mass shooting in Las Vagas. Our thoughts and prayers go out to all who were effected by this tragic event.

Fall has arrived with a vengeance (where did the summer go?) and budget panic... erm I mean budget season is well underway. It makes sense then, that the industry is talking about nothing more, with plenty of tips and helpful strategies (and not one, but TWO survival guides!) to help you get your budgets done without disolving into a puddle. So pour yourself a cold one and let's get started. It's 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!

Budget Season Blues

Your community association's annual budget is the keystone of your community's success. Don't have yours squared away yet? Don't worry--we've got you covered. "This article will be an easy explanation of why you need to get your budget started ASAP, but if you're looking for a comprehensive resource to use throughout your whole budget planning process, our CAM Budget Survival Guide is just what you need."

Year-End Survival Guide

"We want to make sure that you not only survive, but thrive, during your year-end closing process. As you close out the year, we want to make sure that you’re armed with tips and tricks to help the process go as smoothly as possible. This survival guide is a compilation of advice from industry thought-leaders, AvidXchange’s AP team, and from our customers. You’ll find helpful information on what reports and tools to use, as well as best practices for keeping your team motivated during this stressful season." Download the guide here

Priorities for Projects

"In a perfect world, your Condo Association has perfect financial forecasting. Whenever a major project is due, you have the reserves ready to initiate without any problems. Unfortunately, very few of us live in a perfect world. Often you will be forced into making trade-offs and prioritizing projects due to a lack of financial resources. In these circumstances, your Board will have to make tough decisions. What factors should you consider when prioritizing Condo Association major projects?"

Conflicts of Interest 

"HOA board members, as well as property managers, are bound by codes of ethics (written or unwritten) to put the interests of their respective associations ahead of their own. Conflicts of interest, or even the hint of conflicts, can create major issues for the community or property management company. We know we are supposed to avoid conflicts of interest, but to what extent? If there is a potential conflict, how should we approach it so that the community can still make the best business decisions?"

5 Tips for Success

"You know those days when you leave work feeling amazing, pumped that you were highly productive? On the flipside, I’m sure you have days that are just the opposite. Ones that leave you feeling frustrated, wondering whether you got anything done. What if there was a way to end every day knowingthat it was successful? Unfortunately, there’s no bulletproof formula to guarantee this, but there are certain practices you can follow that’ll help. Here are five habits that, if practiced daily, can boost your success at work."

Gen Z in the Workplace 

"Did you know that there are 30% Generation Z in the workforce? Millennials are hard-working optimists that strive for job security. Baby Boomers have dedicated employees with impressive portfolios. The next generation that will take over the workforce is misunderstood. As a hiring manager, asking the right job interview questions can help you find the right candidates."

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!

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