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Homeowners Association Insurance and Natural Disasters

Homeowners Association Insurance and Natural Disasters

Homeowners Association Insurance and Natural Disasters The most unexpected east coast earthquake of 2011 was felt all across the Washington Metropolitan Area and as far as New England, Ohio, and the Carolinas. Fortunately, only minor damage was reported.  While this is an extremely rare case it does raise questions of insurance coverage. Of the many…

Duty To Attend HOA Board Meetings

Duty To Attend HOA Board Meetings

Duty To Attend HOA Board Meetings The role of any management team is, by definition, to be responsible for the operations of the organization they’re working for, a homeowners association in our case. That naturally encompasses the board of directors and subsequently every member of the board. This is the reason why every director needs…

Hoarding Clean Up Costs

Hoarding Clean Up Costs

Hoarding Clean Up Costs At least once a day I get a call from a person in the Baltimore, Rockville, Maryland and Washington DC area asking about how much it costs to clean up a loved one’s home due to hoarding. It always makes me a little sad to hear the stories of loved one’s…

Collecting Delinquent Assessments

Collecting Delinquent Assessments

In contemplating the past twenty years in the community association management business, I have found the most challenging issue for board members to be the collection of delinquent assessments. Some board members want to avoid legal fees by taking on the position of “collection representative”. They want to be the nice guy and approach the…

The Role and Value of Reserve Studies

The Role and Value of Reserve Studies

Reserve studies are a critical tool for common interest communities. They play a central role in budgeting and planning for the future costs of capital components. They help the board set priorities for planning and management involvement. They affect potential liability of deferred maintenance and the useful life of the physical assets of the association….

Create the Community You Want – The Insurance Perspective

Create the Community You Want – The Insurance Perspective

Create the Community You Want – The Insurance Perspective Many board members and residents wonder why it is so important to have proper insurance coverage. The right types and limits of insurance create a safety net for the association that protects all members from unplanned, potentially catastrophic losses. This is important in creating a safe…

Negotiate, Don’t Litigate

Negotiate, Don’t Litigate

Without a board of directors, a community association would cease to function. Many associations are challenged to find enough volunteers to serve on the board because some owners are fearful of being sued or becoming involved in litigation with a contractor or, more worrisome, a neighbor. Some boards believe they must sue on principle rather…

Three Components to Covenant Enforcement

Three Components to Covenant Enforcement

Three Components to Covenant Enforcement Covenant enforcement is a key component to association living. If you are an association leader, are you using good business judgment when enforcing the provisions of your association’s governing documents? Are the deed restrictions uniformly enforced? How do legislation and regulations affect that enforcement? Good Business Judgment Homes are extremely…

The Manager and Community Association Maintenance

The Manager and Community Association Maintenance

The Manager and Community Association Maintenance As anybody who’s ever had his air conditioner go out in the middle of summer can tell you, buildings don’t maintain themselves. The purpose of this article is to discuss how community association managers and board members work with staff and contractors to maintain their building and grounds to…

The Annual Audit—Taking Your Association’s Financial Pulse

The Annual Audit—Taking Your Association’s Financial Pulse

The Annual Audit—Taking Your Association’s Financial Pulse The health of your association’s finances can have a dramatic effect on the board of director’s ability to effectively maintain the property’s assets and value. In order to keep the property’s assets in good order and keep home sales on the rise, it is crucial that the board…

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