LATEST NEWS & UPDATES
Special Assessments May Provide Insured Cash Flow After Storm
Two weeks ago today, Hurricane Irma tore through in Southwest Florida. All things considered, it could have certainly been much worse. However, it was as bad as it gets for those who lost their lives, and some communities suffered relatively substantial property...
Community associations need to be hurricane-proof, too
As Mike Tyson said, “Everybody’s got a plan until they get hit.” This hurricane season is confirming the need for community associations to develop the right plans, learn from their experiences and continually refine their plans. Many volunteer community association...
D&O Insurance
Congratulations! You have decided to donate your time and energy to serve on the board of directors for your community and have convinced your neighbors that you are the right person for the largely unthankful role. Guess what? In addition to the time and energy you...
New Condo Laws Have Potential to Increase Litigation
During the 2017 legislative session, new laws were adopted which significantly change the way condominium associations are managed and operated. Many of the new provisions are well-intentioned, but raise a number of questions that remain unanswered and have the...
The All-In-One or Best-of-Breed Dilemma: Which Technology is Best for Your Property Management Company?
In the property management industry, there is a technology to solve almost every problem. From paying rent online to managing packages, the industry is bursting with solutions that tackle all the tedious aspects of being a property manager. But first, you have to...
3 Foolproof Ways to Drive Online Rent Payment Utilization
Once you see the light and begin processing payments with an online payment provider, you start to realize that receiving less physical checks and money orders means less manual work for you and your staff. You wonder how you can get more tenants or homeowners to...
ELSS Bill Vetoed, Condominium Bill Approved, & Final Report on Community Association Bills for 2017 Session
Governor Rick Scott has now taken action on all of the community association bills that passed during the 2017 legislative session. HB 653, Relating to Community Associations, was Vetoed. Among other things, the bill would have allowed high rise buildings to opt out...
Let Them Pay For Their Own Long Hot Showers: How Property Manager’s are Lowering Their Property’s Utility Expenses
Do you include utilities in your rent? Whether you do or you don’t, the million dollar question is why? Why not include it? The answer is rent growth. To elaborate, operators are realizing that with rapid rent growth comes a growth in supply. However, coupled with...
Can the Association Board Fill a Vacancy Without an Election?
Question: Recently, one of the members of our board of directors resigned from the board and sold their unit. When he announced his resignation, I expected the association to schedule an election to fill the vacancy. However, at the most recent board meeting, the...