Risk Management

Risk Management

Take 10 Steps to Head Off Financial Fraud

October 11, 2018    

Keeping track of finances is an integral part of running a community association. There’s typically a regular flow of money being collected and paid out on a day-to-day basis in order to ensure continuous operations. But, although dealing with cash can be overwhelming, it’s crucial...

Take Four Factors into Account When Deciding Whether to Use Electronic Recordkeeping

June 27, 2018    

You know that organization is one of the keys to association management success, especially if you’re in charge of a larger community or one with many members. If you did an annual spring cleaning this year, you might also have realized that you need to cut down on clutter in your office,...

Require Employees to Get Authorization Before Commenting About Accidents, Incidents

May 15, 2018    

A large part of the day-to-day management of a community is providing service, in a friendly and polite manner that comports with a major point of living in an association—being part of a pleasant environment. You’ve probably trained your staff to make homeowners and their guests...

Find the Right Commercial Tenant for Your Association

April 6, 2018    

By Andrea Brescia

For associations that have designated commercial space, finding the right tenant is critical. While there are a lot of retail stores that provide convenience, not every commercial tenant is necessarily a good fit for your community.

Minimize Risks Posed by Members Who Use Building Rooftop

February 12, 2018    

Spring is here and with it will come warm weather that brings out homeowners and condominium owners to enjoy it. Especially in city areas, which tend to have many condominium buildings, there’s limited outdoor space, so members and their guests might try to create some recreational space...

Avoid Liability by Using Well-Drafted Architectural Application

January 12, 2018    

One of the draws of living in a planned community is aesthetics—uniformity in the design and appearance of homes, rules and regulations that prevent homeowners from putting up decorations that are eyesores, and specific paint themes and landscaping that are in good taste all make for a...

Boost Security Without Increasing Liability for Security Camera System

October 25, 2017    

One of the major draws of living in a planned community is increased security. An association has the power to hire and direct security personnel, and you and your staff can keep an eye on the community and deal with any suspicious behavior. But not all communities are gated, with a perimeter...

Protect Association When Determining Disclosure of Records

September 8, 2017    

Privacy issues have always been taken into consideration when it comes to issues like medical information, but it might not occur to community members that seemingly more casual items are protected from general knowledge. So community members who want to inspect the records of their association...

Avoid Fair Housing Trouble Over Assistance Animals

July 7, 2017    

Pets can enrich the lives of their owners, and many associations understand this and do allow members to have pets. However, dealing with pets in condominium communities requires balancing the freedoms pet-owning members enjoy on their privately owned property with the rights neighboring members...

Compare Insurance Professionals to Fit Association's Needs, Budget

May 8, 2017    

Having the right kind of insurance and enough coverage under an insurance policy is key to operating an association. After all, insurance can protect the association from liability that might financially sink the community if costs for repairs, lawsuits, and accidents had to come out of pocket....

Tread Carefully When Faced with Sex Offender in Community

March 9, 2017    

The safety and security of the community you manage should be a top priority. You’re faced with many challenges when trying to keep your community safe and secure. You can take care of many cut-and-dried problems on your own or with help from your staff, if you can get the association to...

Tread Carefully When Revealing Information About Former Employees

January 17, 2017    

It’s typical for the prospective new employer of one of your former employees to call for a reference. If the employee in question was a stellar part of your management team, it’s a no-brainer. A glowing report will most likely be appreciated by the former employee. But what should...