The transition process from declarant to homeowner control can be a stressful time for an association. However, having a better understanding of the overall process can help alleviate some of the stress and allow for a successful transition. There are responsibilities the board has and should be aware of so that the transition process can run more smoothly and effectively.
As the famous quote says, one thing we can be certain about in life is paying taxes. However, when it comes to the property tax arena, it is possible to reduce the effect this certainty can have on our wallets. Enter the property tax assessment appeals process. This process allows homeowners to appeal the tax assessment that has been placed on their property and potentially lower the amount they have to pay.
Entering a Vacant Unit the Case of Emergency: How Associations Can Prevent Liability
As the manager, did you make the right decision or have you just opened yourself up to potential liability?
Keeping your Fitness Center “Fit” for Use
FHA Condominium Certification Process
Changes on the Way for FHA Condominium Certification Process
Manager’s Perspective: Productive Board Meeting
Do you have that one monthly association board meeting that is the most dreaded of all meetings in your portfolio? Does it last three, four or five hours? Yes, I said five hours. Why?
Association Budgets Beware – New Federal Overtime Rules Are Coming
This past spring, the Obama administration announced new rules which go into effect on December 1st regarding overtime pay for certain employees. I interviewed Heather Paton, CMCA, AMS, PCAM, Executive Director of Seabrook Island POA on Johns Island, South Carolina, who pointed out that many associations will need to be aware of the new rules in creating their budgets for 2017 and beyond..
Preparing a Community’s Grounds for Winter: What Associations Can Do Now
While it’s true that harsh winter weather, snow plows and ice melting chemicals can cause destruction to a community’s grounds, there are a number of steps associations can take to minimize the damage to their properties.
Association Fees on Owners’ Credit Reports?
Benefits and Pitfalls of New Credit Reporting Capabilities
Late payers beware. Community associations now have the ability to report delinquent assessment fees to Equifax, thanks to a recent agreement the major credit bureau entered into earlier this year with Sperlonga Data & Analytics.
Regulating Holiday Decorations Within Associations
As Halloween approaches, followed by the winter holidays shortly thereafter, associations should ensure that policies regarding holiday decorations are in place for residents to follow. Such rules must be reasonable, and more importantly, legal.