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Monday, August 31st, 2015 in Condo, Contracts, HOA, Legal, Management, Reserve Studies, Vendors by FAN
Q: We received two bids from different accounting firms for the annual audit of our association. One was for $5,000 and the other was for $1,500. Why is there such a big difference in price? A: When offering bids to potential clients for services, a public accounting firm generally estimates the time commitment necessary to […]
Monday, August 24th, 2015 in Announcements, Condo, HOA, Management, Property Maintenance by FAN
1. Do you have a Code of Conduct for the Committee Members? It could be the same one for your Board of Directors. 2. Is there a clearly defined Charter for the committee? It should include: a. Overall role – which would include a description of the committee and explanation of their goals and also […]
Monday, August 17th, 2015 in Announcements, Condo, HOA, Legal, Management, Property Maintenance, Vendors by FAN
Most people will require the services of a locksmith at some point in their lives. You might lose your keys, lock yourself out of your home or car, need your locks changed or need a key for an existing lock that you lost the keys to. As with any service profession, scammers unfortunately do exist […]
Monday, August 10th, 2015 in Announcements, Condo, Construction, Contracts, HOA, Legal, Vendors by FAN
As buildings age and resales create pressure to “modernize,” condominium and homeowners associations see more and more renovations by owners. Most owners and some associations assume what appears to be “inside” is the property of the owner to change as the owner desires without association approval. What happens if an owner undertakes renovation, such as […]
Monday, August 3rd, 2015 in Announcements, Condo, Contracts, HOA, Management, Staff, Technology, Vendors by FAN
Cable companies often enter into agreements under which the associations are billed for the total cost of the services at a reduced rate. The association then has to allocate those cable pass-through costs to the members since they are generally not billed separately. The three basic approaches for recovering these costs from their members are: […]