Boards of community associations are tasked with the onerous responsibility of running their communities, and ensuring all facets of doing so are given their necessary attention. But how can boards make sure they’re attending to everything they’re supposed to, and doing it properly? Boards are legally bound to exercise due diligence in their roles leading their associations, but what exactly is due diligence, and how can board members make sure they’re complying?
You own a 300-unit condominium and you want to inspect your building’s façade in the most efficient way. You’ve heard drones can be a great resource, but you don’t know what to look for when hiring a drone pilot. How can an association ensure they are hiring both a licensed and insured professional, as well as a company with the expertise to interpret data?
Volunteering your time as a board member on an HOA or any other type of nonprofit organization might seem like a helpful way to selflessly spend your time, but are your contributions really beneficial? If some of these traits look familiar, your volunteer work might be doing more harm than good.
Keeping your Fitness Center “Fit” for Use
It’s something every manager strives for and every resident demands — curb appeal. Maintaining it is one of the board’s fiduciary duties. But what happens when those flower beds, pathways and rolling hills turn into mud, ice and standing water? What if these problems pop up unexpectedly for no apparent reason?