The Mash-up's back, baby! After a brief hiatus, we are coming back strong, with all the news and info you might have missed this week in Community Association Management.
You Are Not Prepared
Everyone here at TOPS is thinking and praying for the people affected by Hurricane Michael. Thankfully we didn't get much more than a lot of rain, but others weren't so lucky. It got us to thinking, with all of the natural disasters and increasingly dangerous weather patterns, what is the best thing you can do to prepare your community data for a disaster?/ The answer we came up with was in the clouds (or rather, 'The Cloud') See how you can make going cloud-based part of your disaster preparedness plan.
I Like Big Budgets And I Cannot Lie
With he beginning of Fall comes that other season CAM professionals don't love so much - budget season. If you haven't gotten a good head start (and even if you have) panic may be starting to set in. Don't worry, we've got your back!
First, CAM Attorney Donna DiMaggio Berger gives us a primer on budgeting and reserves. If you (or the budgeting committee) need a refresher, this is it. Her #1 advice? Take out the politics - the budget is important to maintain the health of the community, not to push a partisan agenda (wow, maybe congress could use a little of Donna's sensible advice too!)
Next up, Kuester management shared their best tips for making a tighter HOA budget. If you have communities who are overspending each year and need to cut back on costs, these are some good tips to help make sure that budget more tightly matches the actual expenditures the community makes.
Finally, we have our own offering on the table - our CAM Budget Survival Guide contains best practices, methodologies and tips for getting community budgets right. We even share with you all of the workbooks and templates you need to get started and be successful.
Put On Your Sunday Lawsuit
If you pay attention to the news, you're most likely to hear about community associations in a negative light, because of a lawsuit. Lawsuits are a simple fact of life for communities where diverse groups live together, trying to get along. The good news is that many times, the most common lawsuits affecting communities are avoidable by just taking a few extra steps of prevention. Kat Marquis, mediator extraordinaire (and former CAMfire speaker!) has some great tips to help (and Gladly has an fun comic to go with it!).
Covered All Over From Head to Toe
You would think it would be easier to get full insurance coverage for a condo building, since it is all self contained. But California insurance expert Bruce Sackrison warns that this kind of thinking can lead to problems. If the homeowners insurance covers walls in, and the condo insurance covers walls out, who covers what's between the walls? Learn what the CC&Rs can do to help make sure you are fully covered.
Teamwork Makes the Dream Work
A community association's board is just like any business that has different personalities that have to work together. So why not take a page from big business and introduce some team working exercises that can help the board bond together and be more effective as a group? Here are 4 team building exercises CAM boards can try to help build themselves into a dream team!
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 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!