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By Laura Ravazza
This article first appeared in the Summer 2023 edition of The Communicator here.
I hope this message finds you all in good health and high spirits. I want to take a moment to address an important aspect of our organization’s well-being – financial management within our homeowners associations (HOAs).
Managing the finances of an HOA requires careful planning and collaboration with our business partners. It is crucial that we work together effectively to ensure the financial stability and success of our communities. To achieve this, I encourage each of you to be proactive in your approach to financial management.
First and foremost, I urge you to not hesitate in asking questions. Whether you are a board member, a committee volunteer, or a concerned member, never be afraid to seek clarification or further information. Financial matters can be complex; and it is our duty to understand and actively participate in the...
By Eric Lecky
As Every Community manager and community association leader knows, building components begin to fail as they age—and your pipes are no exception. Depending on the material, a building’s pipes may begin to develop age-related cracks and leaks within a few decades of installation, sometimes less.
The question then becomes: When do you repair the pipe and when do you replace the entire piping system?
Based on estimated useful life tables, some piping materials may begin to fail after 30 years, while others may not show signs of age until 50 years. Because pipe replacement is expensive, you could start assessing your piping systems periodically when your building reaches 20 years old, giving yourself time to reserve funds for a future re-pipe.
Unfortunately, most community managers and boards aren’t regularly testing their pipes, and so they first face the decision to repair or replace when their properties are already...
Common, Costly and Concerning
By Steven Fielding
THE GOVERNING BOARDS of condominium associations worry about many things. Reserves, rules enforcement, insurance costs, maintenance, pets, parking, and COVID are on a long list of things that keep trustees and association managers up at night. Water heaters probably are not, but they should be. Here are a few hard – or soggy – facts:
This article first appeared in The Communicator, Spring 2021. To read more, click here.
THE CAI BAYCEN Chapter is offering three exciting programs designed to help you achieve an advanced designation through CAI.
1 Mentoring Program
Do you need some tips on what classes to take? Do you want some guidance as you navigate the application process? The Designations Committee will match you with a mentor who has achieved the industry’s highest professional credential, the PCAM.
Your mentor will provide one-on-one support and guidance throughout credentialing and the designation process. This includes creating a personalized strategic plan for each candidate to obtain the AMS designations and preparing candidates for the PCAM case study.
2 Scholarship Program
We are offering scholarships of $250 to Community Managers who are chapter members in good standing to partially reimburse you for registration fees for any one of CAI’s six M200...
Now is the time to recognize those individuals and companies that have gone above and beyond to deliver services to their communities and assist the CAI Bay Area & Central California chapter. Please make your nominations no later than October 1st.