Fees are essential for providing communities with essential services, such as water, parking, and trash. However, we are living in unprecedented times, and that must be accounted for when residents report that they are unable to pay fees. Below, we discuss how condo boards should approach collecting fees during the current economic crisis. The coronavirus … Continue reading “How Board Members Should Handle Late Fees Amid Crisis”
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The last couple of months have been hectic as condominium associations attempted to keep close tabs on news sources regarding COVID-19 to provide accurate updates to their residents. This has proven difficult for a number of reasons, since keeping residents in the loop is often one of the most difficult tasks of Tampa condo management. … Continue reading “Improving Communication in Your Condominium Association”
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One of the most difficult aspects of running an effective homeowners association (HOA) is managing the budget and expenses, including determining the fees that fund the association. The collection of these fees, on time and in full, is crucial for the proper maintenance of your community and its amenities. HOA boards attempt to keep things … Continue reading “Evaluating HOA Fees: How to Reduce Expenses”
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According to a study conducted by Millennial Matter, 75 percent of millennials in America say they are willing to consider a move to a new city. Even more surprising, 19 percent say they are willing to move within the next year and 44 percent in the next five years. Often targeted as the most attractive … Continue reading “How Your Community Can Attract the Next Wave of Young Professionals”
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As Florida enters Full Phase 1 of its plan to reopen after the spread of COVID-19, communities across the Tampa Bay area will be responsible for monitoring the health of residents in their community and ensuring they meet these new guidelines. As the health and safety requirements in all communities across the nation can potentially … Continue reading “Implementing a COVID-19 Mitigation Strategy in Your Community”
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Amidst a global pandemic, every type of industry has had to adapt their existing operations to meet the current needs of their clientele. The same can be said for property management companies in every community around the globe. Although we have yet to completely stop the spread of COVID-19, this unique and challenging experience has … Continue reading “What the Pandemic Has Taught Communities Around the World”
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Entering into the summer of 2020, a lot has happened in the world of property management, with new laws and regulations being passed on an almost daily basis due to the coronavirus disease 2019 (COVID-19) pandemic. Tampa HOA management companies must stay up to date on the latest developments in their community and notify their … Continue reading “New Laws Your HOA Need to Know About for the Summer of 2020”
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Managing a condominium complex is not easy. If not managed properly, the daily requirements and responsibilities of running a condo association will quickly overwhelm any inexperienced board member. There are countless variables to account for when trying to successfully manage dozens of people’s finances and maintenance requests. Providing your tenants with a transparent line of … Continue reading “What Are the Hardest Things About Managing a Condominium?”
READ MOREMaintaining a condominium’s budget and its residents’ payments is a very demanding task. All too often, substandard Tampa condo management companies are unable to handle the complex bookkeeping demands required by a condo complex. Mismanaging funds can have disastrous consequences, including your residents being improperly charged and your condo facilities being neglected due to an … Continue reading “How To Ensure Accurate Bookkeeping In Your Condo”
READ MOREIf your condo management company has been consistently disappointing you, or you have received more frequent complaints from tenants over time, it may be time to consider whether or not you are dealing with a bad condo management company. In this article, we’ll discuss the red flags for bad St. Petersburg condo management companies and … Continue reading “Dealing with a Bad Condo Management Company?”
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