What does a manager do on behalf of a community association?

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The Community Association Manager is responsible for the management and support of community associations (primarily HOAs & Condo Associations), including, but not limited to: daily operations, regular interaction with and support of Board of Directors members/homeowners/vendors, neighborhood meeting attendance, budget preparation, and overall community business management. A property/community association manager should be assisting your board of directors and association in virtually every aspect of its operation, whether you have an on-site manager, a portfolio manager or a part-time …

Protecting the Association Against Unlicensed Contractors | Florida Condo & HOA Law Blog

Associations lose hundreds of thousands of dollars to unlicensed and uncertified contractors every year. Associations should protect their property by avoiding unlicensed contractors. Source: Protecting the Association Against Unlicensed Contractors | Florida Condo & HOA Law Blog Related Images:

FAQ – 10 Traits of Successful HOA Board Member – RealManage

What qualities must you have to be a good hoa board member? Here, our experts reveal the top 10 traits of a HOA board member who serve their HOA well. 1. The willingness to dig in. You can’t run a condo or homeowners association well without digging into the details–and that takes hard work and commitment. “Board members have to take the time to review and understand their governing documents,” explains …

What to do if You Have a Dictator for a Board President – Acri Community Realty

The main problem with a dictator is that they almost always end up getting the association into a lawsuit because of their arrogance. Sometimes an owner is wrong and just doesn’t want to do what their board decided but often times the problem is really how the board chooses to operate. Unfortunately, due to a lack of volunteers, many directors take on a number of positions and become more …

Pros and Cons of Gated Communities | The Truth About Realty.com

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  When you think of a gated community, what comes to mind? Probably things like safety, security, exclusivity, celebrities, expensive homes, and more. But what else lies beyond those gates? And is a home in one of these neighborhoods the right fit for you and your family? Let’s explore some of the pros and cons of gated communities to get a better idea of how things operate behind the wrought …

2017 Elevator Violation Status – Final Update 11/20/2018

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Update 11/20/2018 – All elevator certificates are current and up to date nearly 16 months late and 200.00 in late fees. —————————————————————————————————– Update 11/7/2018:  I called the state today to inquire on our certificates, we paid the fees in September and the elevators all have a passing inspection from August.  The delay is we owe a 50.00 late fee for each elevator, I have asked Bill to send this …

Mandatory Reserves? – THE FLORIDA HOA & CONDO BLOG

 

  I hate beating around the bush, so I want to get to the point.  A financial crisis is coming and it’s going to be a big one.  It’s also going to hit those that can least afford it.  It’s going to result in massive amounts of foreclosures.  It’s going to result in countless cases of elderly persons being displaced from their homes.  The worst part is, it’s absolutely …

Fiduciary Duty: Business Judgment Rule

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Fiduciary Duty: Business Judgment Rule Business Judgment Rule: The legal protection for director’s actions under the corporate structure. Under the business judgment rule, absent evidence of bad faith, fraud, illegality or gross overreaching, courts are not at liberty to interfere with the exercise of business judgment by corporate directors.   Purpose: To protect against honest mistakes. The purpose of this rule is to protect directors who have been diligent and careful in performing …

Board Member Ethics and Obligations

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    Questions for Board Member Evaluation   Performance indicators when evaluation board members and prospective board candidates:  Will the Board member:  Fulfill his/her fiduciary duties in the best interests of the community? Be a good steward of your maintenance fees? Seek owner input on all important matters and major decisions? Communicate regularly using various methods – newsletters, meetings, website, email, etc? Provide complete transparency regarding the association’s finances? Rigorously …

Ten Commandments of Internal Controls for Association Finances.

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    Separate accounting functions whenever possible. Consider oversight of the financial functions an important Board responsibility. Receive and review financial statements at least quarterly.  Question items that significantly differ from the budget. Record your findings in the Board meeting minutes. Review bank statements and reconciliations on ALL bank accounts at least quarterly. Consider getting a separate copy of bank statement with copies of cancelled checks sent to a …

The Ins and Outs of Condo Insurance – NerdWallet

 

Unlike homeowners, condo dwellers don’t own the building they live in or the land it sits on. Your condo or homeowners association (HOA) will carry a master policy to insure the building and pay for accidents that occur on outside property or in common areas. However, your HOA might not pay to repair the inside of your unit after disasters, nor will it replace your damaged or stolen belongings …

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