Earlier this summer in July, a substantial fire destroyed nearly 75% of a condo association in Prospect Heights, IL. Associations for townhomes, condominiums, and single family homes need not overlook community planning for disaster management. Whether it’s a tornado, flood, or fire, community preparedness is crucial, lest you find yourself scrambling in an emergency.
HOA homeowners’ insurance is essential to all HOAs. Make sure you purchase the the correct policy for your needs, as otherwise you are opening yourself up to a lawsuit.
Making consistent improvements in your community is an important job of an HOA. However, when homeowners become delinquent, you will not have enough money to maintain operations. How do you deal with these people? The cost of delinquency to the association is quite expensive. Plus, it can lead to thousands in unpaid dues, tension with owners, and even court hearings. Here are a few tactics to deal with delinquent owners in your condo association.
Condo association board members are no stranger to condo noise complaints. From loud music, barking dogs, and fireworks in the summer, the opportunities for disruptions are many. Of course, you want everyone to be respectful and mindful of one another, but not all tenants are perfect. Your main role is to keep a happy and safe community, so we’ve listed some tactics to help you tackle the problem of condo noise complaints.
A common challenge we address with associations is how to deal with and prevent bad renters, and condo and HOA rental caps. While it is typically not a great idea to prohibit renting altogether, you can put a rental cap into effect. There are other ways to prevent bad renters too.