Winter maintenance and preparation are essential for condominium, homeowner (HOA), and townhome associations in cold climates to ensure safety and comfort. Proactive autumn tasks, such as maintaining landscaping, clearing gutters, and preparing irrigation equipment, can minimize winter risks.

Associations should create inspection schedules for interior and exterior common areas, addressing heating systems, lighting, frozen pipes, and potential structural damage. Proper snow removal management, including hiring reputable vendors and reviewing contracts, is crucial to reduce liability and maintain community accessibility.

Legal and professional guidance can help manage responsibilities, damages, and insurance claims related to winter incidents.

Read more here.

According to the Foundation for Community Association Research’s Community Association Fact Book 2023, 30% of the U.S. population now resides in condominium communities, housing cooperatives, or homeowners associations, a number that has been rising since 1970. Consequently, community associations significantly impact legislation, and several bills in Illinois, such as SB2740 for accessible parking and HB4125 for property taxes, are being considered.

Additionally, the federal Corporate Transparency Act's reporting requirements, effective this year, will likely affect these communities, demanding disclosure of sensitive information about board members and beneficial owners. 

Learn more here. 

Have large captial repairs projects you've been neglecting due to a lack of funds?

The next free Condoly webinar will focus on the process of applying for a bank loan to fund large capital repair projects so they don't cause bigger problems down the road.

Documentation requirements, loan terms options and the proper process for approving a loan will be reviewed.

Join Condoly and their special guest on Thursday, August 29th at 6:30 pm to learn all about bank loans for capital repairs.

Register your FREE Condoly account or Sign in to your existing Condoly account to register.

Apathy is a significant issue among residents of co-ops, condos, and HOAs, making it challenging to get them to participate in governance, even with the rise in community associations, which now house 30% of Americans. Efficient and productive meetings, essential for maintaining property value, can be achieved by setting and adhering to a detailed agenda, utilizing professional presentation decks, and organizing Q&A sessions effectively. Virtual meetings, though convenient, might lack the social engagement of in-person meetings. Offering incentives, like small prizes or social events, and emphasizing the importance of protecting their financial investments can encourage attendance.

Learn more here.

The next free Condoly webinar will focus on the process of applying for a bank loan to fund large capital repair projects.

Documentation requirements, loan terms options and the proper process for approving a loan will be reviewed.

Join Condoly and their special guest on Thursday, August 29th at 6:30 pm to learn all about bank loans for capital repairs.

Register your FREE Condoly account or Sign in to your existing Condoly account to register.