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Budgeting and Reserves for Condominiums

Budgeting and Reserves for Condominiums

Budgeting and Reserves for Condominiums Most covenants for condominiums require that the association include as part of the annual budget, an allocation for  reserves. Reserves should be set aside for roof replacement, pavement resurfacing, building painting, and any other item of association responsibility with a replacement cost or deferred maintenance expense of $10,000.00 or more….

The new FHFA Regulations: Good or Bad for Homeowner Associations?

The new FHFA Regulations: Good or Bad for Homeowner Associations?

Homeowner associations (HOA) exist to maintain the welfare of their communities. To sustain such initiatives, HOA rules and regulations require a number of fees to be paid by residents. Recently, the Federal Housing Finance Agency (FHFA) published a Notice of Proposed Rulemaking that will dramatically affect HOA’s. While the regulations cover a variety of subjects,…

A Landscape Survey Can Save Water & Money

A Landscape Survey Can Save Water & Money

Unless a HOA property started out with a landscape design of plants native to the area, there is the potential to save money on HOA water bills and have healthier plants by watering the landscape more efficiently. Most gardeners or landscapers don’t do it, because they don’t know what to do, and may not realize…

The Risks and Rewards of Self-Management

The Risks and Rewards of Self-Management

Think Twice Before You Become Self-Managed Atlanta, Georgia–With the wave of foreclosures, business closings and record high unemployment, there is increasing pressure on homeowners and condominium associations to lower dues.   If your Board is considering whether to hire an Atlanta property management company (also known as a community management association), or whether to opt…

How to Get the Most out Of Your Property Manager and Avoid Running off The Good Ones

How to Get the Most out Of Your Property Manager and Avoid Running off The Good Ones

Property Management companies generally come in two varieties.  The really bad property management companies end up giving you little or no useful information, are not truthful about the work they perform for you (such as property inspections),  “rubber stamp” any invoice that is submitted to them and fail to look out for your community’s best…

Keys to Protecting Your Condominium Association’s Board of Directors

Keys to Protecting Your Condominium Association’s Board of Directors

Can Atlanta Condominium Board Members Be Personally Liable? We frequently are asked whether volunteer board members can be civilly liable for actions taken while a board member.  This issue is of serious concern because lawsuits tend to be over inclusive, naming every possible defendant in the initial complaint. Why sign up as a volunteer board…

Energy Saving Tips for Your HOA or Condo Association

Energy Saving Tips for Your HOA or Condo Association

Saving energy or “going green” in your condo association community doesn’t mean jumping off a cliff to embrace a drastically different standard of living. There are a range of things you can do–from small everyday changes to long-term rebuilding— that will save you energy. This is not only good for the planet, but it also…

Questions to ask your next community association management firm

Questions to ask your next community association management firm

You’ve had the debates and the discussions, examining your management requirements from every angle, and all it comes down to the fact that you need professional help. Instead of going it alone, you know that bringing in a reputable community association management firm is important. Bringing in committed professionals to run day-to-day operations while adhering…

Building Community Spirit – A Case Study

Building Community Spirit – A Case Study

Introduction  The Young at Heart Homeowners Association (name changed for privacy) has long been an active community of young seniors. Built during the mid-eighties, this community has an established Board of Directors, Committees and Social infrastructure and professional management which made it one of the most desirable Adult Communities in its county. Young at Heart…

Traffic Fines in a Community (can an HOA ticket a homeowner?)

Traffic Fines in a Community (can an HOA ticket a homeowner?)

People seem to be in such a hurry nowadays, but at what cost to those around you? We repeatedly see unfortunate accidents on the news, but fail to change our driving habits thinking that it will not happen to us or a loved one. Speeding, as well as other traffic violations, is a frequent issue…

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