Maximizing profitability as a condo or HOA portfolio manager is always a top goal. One comprehensive study found that over 90% of property management companies had growth as their #1 priority. Acquiring more clients is one of the main ways property management companies can generate additional revenue; however, companies can also lose good clients if they try […]

We give a lot of attention to condo software because we know how transformative it can be for condo communities. But, we want to use this article to recognize some of the leading condominium hardware. Like software, condo hardware simultaneously reduces workloads for staff and elevates the resident experience. The busier the condo, the more […]

The long-term operation and social success of a community association is heavily dependent upon a few key items. After finances and communication, rulemaking and rule enforcement will often determine how much people like (or dislike) their neighborhoods.   Enforcing rules is always hard, regardless of how large or small a community is. But how can […]

Although summer is a great time for a bit of rest and relaxation, Florida condominiums have some work ahead of them. House Bill 913, also known as the 2025 Reform Bill, came into effect July 1. While much of the massive bill focuses on softening the blow of the safety legislation passed in 2022, there […]

Too much to do and not enough time. Unfortunately, this is a reality for thousands of HOAs across the United States. The good news is that help has arrived, and it’s available to work 24/7. Artificial intelligence (AI) is being celebrated as the next revolutionary HOA solution. Affordable, dynamic and full of potential, HOAs are […]

The average lifespan of a commercial elevator is between 20 and 25 years. While that seems relatively long, consider this: it can cost $200,000 to $300,000 to replace a single elevator cab in a condominium! Considering that high number, we want to share some effective ways condo communities can prolong the useful lifespan of their […]

Condo parking is one of the top sources of conflict in a multi-residential community. Sometimes there simply aren’t enough spots for every resident. Other times, problems arise because people don’t want to pay for parking. Instead, they look for empty spaces in guest and resident parking. Regardless of why the problems started, you want to […]

The legal system isn’t generally known for its speed, but that doesn’t mean changes are slow or gradual when it comes to condo and HOA legislation. If you live in a state or province subject to extensive statutory frameworks, changes occur often, and can hit hard depending on what the new law requires. Keeping up […]

Imagine a scenario where artificial intelligence (AI) not only takes on the work you don’t like doing, but it saves you money too. It gets better. If you are a community manager or a self-managed HOA, you can use AI for these things right now! AI is quickly infiltrating every industry, including residential property management. […]

Toronto’s housing market has been competitive, to say the least. In 2022, the average asking price of a new condo in the Greater Toronto and Hamilton Area (GTHA) peaked at nearly $850,000! Experts believe that, after a couple of years of pandemic uncertainty, pent-up demand overflowed, sending the real estate market into overdrive.    Table […]

Courts have recognized that board members owe a fiduciary duty to their members, demonstrating the seriousness of these volunteer positions. Fiduciary relationships are governed by the statutory standards that require directors to exercise due care and undivided loyalty for the interests of the community.    Download our free Code of Ethics and Declaration template    […]

Large HOAs with 500+ doors have had to be creative about where to host member meetings. Traditional locations, such as clubhouses, libraries and community centers, don’t always work for large communities with multiple HOAs. Instead, they’ve tried hosting annual meetings in churches, baseball fields, golf courses, hotel meeting rooms, school auditoriums, and even city hall […]

Automated package management systems work incredibly well for condo communities. Regardless of size, location or demographic, this is one of the three top must-have amenities to increase resident satisfaction. E-commerce has exploded, and there is no reason to believe people will start ordering less stuff online. Consider this: Amazon Logistics processed 5.9 billion U.S. delivery orders in 2023, […]

HOA communities are governed by regulations that are legally binding; even pertaining to the process of how voting in the community is done.  So, while casting a vote might appear to be one simple act, there is a series of HOA voting rules that must be adhered to.  Table of contents  Which HOA governing documents […]

Property management companies have witnessed two notable shifts over the past few years: These two changes have forced companies to assess what they can do to maintain a high level of service without stretching themselves too thin.   Since managers are already working long hours and don’t have the bandwidth to do more, executives must […]