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Posts by Roger Chase

3 Steps To Collecting Delinquent Condo Fees

Most HOAs and Condo Associations have some level of difficulty collecting delinquent condo fees and assessments.  There are 3 actions a Condo Association or HOA can take to collect.


Condo Association or HOA Collection Policies for Fees and Assessments

Assessments are the life-blood of condo associations and HOAs.  Yet only in a very fortunate few condo associations can collection of assessments be left to a laissez faire process.  Most condo associations need to have a cohesive and consistent collection process to thrive and not merely survive.


Sample ByLaws for a Condo Association or HOA

Association Membership


Condo Association Takeover of Foreclosed Unit - New Insurance Needed?

Q: If our condominium association obtains title to a unit through foreclosure, does the condo association's master insurance policy cover interior furnishings which are typically required to be insured by the individual unit owner?


Condo Associations: Stay out of the Assessment Zone!

Assessment is the one word every condo owner despises – they come and go like a Midwest twister and leave condo owners’ wallets empty. Assessments are a fact of condo association life – they are necessary to deal with the ongoing upkeep of properties, but for condo boards using assessments to correct condo association budgeting mistakes is never received well. Here are some suggestions to consider when planning your annual condo association budgets to mitigate these risks:


Why Cant Our Condo Association Get A Mortgage Loan?

A condo association or HOA cannot get a mortgage loan. That's because the legal structure of a condo association is fundamentally different from that of a cooperative, which can get a mortgage loan.


How to use Facebook for your HOA or Condo Association Website

Facebook is a free social networking site that offers a great way to quickly and easily create a member-only community site for HOA's and condo associations.  Here's how it works.


Condo Associations and the Importance of Committees

Condo Association committees are important to condo assocations because it gives its members, that may not have the time, skills or desire to be on the condo board, a chance to get involved in the condo assocation in other meaningful ways.

Being part of an association committee can renew a condo assocation member's pride of ownership which will create a stronger condo association or HOA by strenthening the owner's feeling of being vested in the property. A strong sense of vested ownership is the backbone of a good condo association. It's also a good way to pull absentee landlords into participation.

Most importantly, it lets some people other than condo association board members do some work! Let's not forget - being on the condo association board is not always about doing the work yourself. You should leverage committees to get other association members involved.

Some Committees your Condo Assocation or HOA can form:

Financial Audit Committee -
Committee should meet at least once per quarter to review the condo association's financials. Is the condo association spending too much money? Is there enough reserve? Are the condo fees covering the true costs of maintaining the property? A Financial Audit Committee should review the condo budget and make recommendations to the condo trustees or board. This should be done regardless if there is a property management firm in place or not.

Social Committee - Would it hurt to have a drink with your neighbors once or twice a year? A social committee is an easy way to get people involved to do the party planning.

Project Committee - We recently assessed to renovate our lobby and three assocation members that have never been too involved before offered to oversee the renovation and are doing a great job. Most importantly, the are excited about the project and how it will impact the building. Once again, it also gives the perpetual condo board members one less thing they have to oversee.

Security Committee - Is your HOA concerned with crime or liability? A Security Committe should look at the property and things that can be done to mitigate crime or injury that may occur on premise. Recommendations should be made to the Condo Association Board.


8 Questions HOAs should ask Property Managers

There are questions to be answered before finalizing a list of potential Property Managers for Condo Association or HOA projects and work.

1. Are property managers or contractors licensed or certified and experienced in their field of expertise?


14 Questions Your HOA Should be Asking Before Hiring a Property Manager

What specific questions should you be asking property managers before hiring them?  Here are 14 questions you may consider asking.


Need an HOA Loan?

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