Management

HOA Documents Can Be Confusing, but They’re Needed to Avoid Disputes and Misunderstandings As a Board Member or Property Manager, it’s critical for you to know what’s included in the documents and to have a working understanding of their purposes. You don’t need to remember every detail of your governing documents, nor does it have […]

Profitability and company growth are top of mind for every Property Management Company. But hidden inefficiencies could keep you from achieving all of your financial objectives. FREE Download: 7 Keys to Improving Your Management Company Profitability In this PDF, TOPS President and CEO, Mike Hardy explains how how you can unlock the full potential of […]

Note: This article has been updated since it’s original publication. 3-15-2019 Your Definitive Guide to Managing a Condominium Association The American Dream of homeownership with a picket fence and a yard has changed. Today, approximately 40% of homeowners live in a condominium, not a stand-alone house. According to the National and State Statistical Review conducted […]

Pools and Gyms Are Standard Conveniences When It Comes to Condo Living To differentiate your condo lifestyle from those of competing communities, you need to think about the interests and preferences of residents. Nest Hello Doorbells and Learning Thermostats are common in single-family homes throughout the U.S., and the 40 percent of American homeowners who […]

Running an HOA or Condo Association Is a Lot of Work If you’re new to the Board of Directors or require a refresh on the essential elements of running a community, this is the property management checklist for you. Governing Documents Every association requires Governing Documents. It’s a set of rules that govern the condo […]

When it comes to how to manage an HOA, you’ll need to work with more than the homeowners and committee and board members. Your self-managed HOA will require some professional assistance, too. Once you’ve decided whether or not to self-manage or hire a property management company (PMC), consider these factors before running out to enlist […]

There are a lot of ways a community association can handle social and legal affairs, including the option of self-managing the community. Before your community chooses to self-govern (either as a newly developed community or by stepping back from a management company), consider these common pitfalls of HOA or condo association self-management. 1. Reluctance to […]

Everything You Need to Know About Self-Managing Your Condo or HOA Many condos and homeowners’ associations are or have considered becoming self-managed HOAs, also referred to as self-governing HOAs. Regardless of what you call it, a community association governed by its residents can represent monetary savings, more freedom to make decisions, or both when properly […]

Late summer and early fall are the most active months of the year when it comes to hurricanes. Does your HOA (Homeowners Association) have a hurricane plan in place? Are the financial information, contracts, and other important data stored using cloud-based software for disaster continuation? Hurricane season lasts for six months, from June 1 until […]

Note: This article has been updated since it’s original publication. An important aspect of any professional CAM manager’s job is dealing with home resales that occur in the community. Unlike the realtors, brokers and other real estate professionals who are looking out for the interests of the seller or the buyer in a sale, the […]