How To Avoid Condo Association Problems Before They Begin

 

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Condo association problems you can solve now

As a member of the condo board or property management team, there are going to be some problems that are simply beyond your scope of capabilities. There is no way you can prevent every problem that may ever occur. You can get ahead of most of these situations, though, with simple communication and respect.

1. Feeling left out

Condo owners who feel left out of association decisions may be less inclined to cooperate with new or existing rules. Don’t worry, there’s  an easy fix: make sure all condo owners know when and where association meetings are held, and what is on the agenda. Be sure there is enough notice for owners to come to the meetings if they want to, and always include space in the agenda for residents to submit issues they’d like to address ahead of time.

Owners who feel like a valued member of the condo association are more likely to feel like the community offers an excellent quality of life. [Read more…]

How Are Condo Fees Calculated: The Truth Is Out

How are condo fees calculated? We’ll remove the shroud of mystery for you

Waterfront Living how are condo fees calculated

There is a lot of money moving around when you buy a condo – or any real estate for that matter. Points, closing costs, inspection fees, down payment, mortgage insurance, moving costs, taxes, and condo fees are just a few places your money gets allocated.

Some are straightforward, while others are cloaked in mystery. Figuring out your mortgage payment or closing costs is easy enough to determine. You know ahead of time what your condo fees are, but how are condo fees calculated? If you’re going to be paying a fee every month, it’s only fair that you know how those fees are decided.

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A Condo Inspection Checklist for Condo Owners and Property Managers

A Condo Inspection Checklist for Condo Owners and Property ManagersKeeping a condo inspection checklist handy will help you head off major repairs before they become major headaches.

If you’ve seen The Money Pit, with Tom Hanks and Shelly Long, you’ll know one of the most famous scenes. One house problem after another has the exasperated couple who are excited to finally relax and enjoy a hot bath. But just as they fill the tub, it falls through the floor, crashing into the home’s entry way.

The condition of your condo probably isn’t that bad, but a condo inspection checklist can help you spot problems before they become big, exasperating ordeals.

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9 Ideas for Resident Events That Build Happy Condo Communities

ideas for resident events to build condo communitiesNo matter where you live, a bonded community is the backbone of a good neighborhood, and it’s an essential part of running great condo communities.

As a property manager, you can create lively and happy condo communities with a few good ideas for resident events.

You know as well as anyone that condo communities need resident involvement to thrive. You also know the strongest, most active communities are the ones where residents know one another, which make community involvement even more important. It’s human nature to feel empathy toward familiar people.

That engagement can be difficult to muster sometimes. People might not feel like they have the time to commit to condo association meetings, or maybe they don’t feel like they would have anything to contribute.

So how do you bridge that gap? How do condo communities come together to form a genuine community? More importantly, how do you facilitate that community building?

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How To Improve Participation in Condo Board Elections

condo board elections

Does the apple pie contest get more votes than your condo board elections? These tips will bring even the most reluctant of residents to the ballot box.

Let’s be honest, getting condo residents out to your association meeting is challenging at best. Some meetings don’t require a huge turnout, and that’s fine. You probably don’t need a large turnout for voting on a landscaping contract.

It’s a different story when you are scheduling condo board elections. This is a vote that will directly impact residents, and in order to keep your condo community happy, residents need to feel like they have a vested interest in how the property is managed.

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