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How Inflation Can Impact Your Condo

Alexa Jackson What We're Thinking About Lately... 23 August 2022 23 August 2022
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Board members and property managers prepare budgets to cover operational costs such as landscaping and snow removal services, routine maitenance, repairs, and replacements. 

However, even the best budget preperatioin can be affected by unforseen factors. These may include supply chain issues, lack of vendor availability, increased contractor rates, rising materials costs, market flucturations, inflation, and/or recession. 

Learn more about how inflation can impact your community, here.

How to Handle Board Member Bullies

Alexa Jackson What We're Thinking About Lately... 16 August 2022 16 August 2022
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While most board members find way to work together and settle arguments in a civilized fashion, you may come across the occasional board member bully.

Association board bullies can wreak havoc for boards, staff, and residents. 

If you're dealing with a board member bully, check out these tips to learn how to handle them.

Legislative Updates for Illinois Condominiums

Alexa Jackson What We're Thinking About Lately... 09 August 2022 09 August 2022
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The Illinois Condominium Property Act and the Common Interest Community Association Act have both recently been amended.

Effective May 27, 2022, owners are entitled to inspect, examine, and copy the reserve study.

In addition, the Condominium and Common Interest Community Ombudsperson Act was extended and is now scheduled to be repealed on January 1, 2024.

The full text of the act, including all documentation that must be made available to owners by the board can be read here. 

What is your association's role in owner disputes?

Alexa Jackson What We're Thinking About Lately... 02 August 2022 02 August 2022
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Managers and Boards of Directors may occasionally receive complaints from an owner about another owner. Most commonly, these are noise complaints. Now that people are working from home more often, these complaints might occur more frequently. It is important to know how to respond to these issues so all parties feel heard. 

Learn how a board should react to owner disputes, here. 

New Cooling Ordinance in Chicago Condominiums

Alexa Jackson What We're Thinking About Lately... 26 July 2022 26 July 2022
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For some time now, the city of Chicago has had an ordinance for minimum temperatures that must be maintained throughout the winter in multi-unit residential buildings.

Following the tragic heat-related deaths of three residents at an assisted living facility, that ordinance has been amended to now include cooling standards throughout the summer.

Learn more here. 

  1. New Federal Proposal Could Help Condos Finance Critical Repairs
  2. Residency Requirements to Serve on a Condo Board
  3. Is your condo association receiving estimated water bills?
  4. Condo Safety State Legislative Mid-Year Update
  5. Getting Smart About Condo Living

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