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Some things seem so obvious that it’s hard to believe that other people don’t get it. You almost have to think that they actually do understand the point but for some reason don’t want to admit it. For facility managers, the benefits of making investment decisions based on life-cycle...

Today, Association Officers and managers have found themselves in the position of being responsible for hundreds of thousands of dollars in revenue and expenses. In order to keep track of an Association’s finances it is extremely important to understand how and why a financial report is compiled...

Board of Directors in community associations are protected from liability in the course of operating and making decisions by what is known by the “Business Judgment Rule”. The Business Judgment Rule requires that the Board act within a reasonable manner and take the necessary steps to justify...

The Turner Construction Company recently released the Turner Cost Index report for the 1st Quarter of 2010. The index continues to decline, as it did all of 2009. Though the cost index is in decline, the rate of decline has slowed over the same quarter 2009. The results of the Turner Cost Index report...

Do you have a “drive by” property manager working for your Community Association? You know, the one that has the Board of Directors, the unit owners, staff and the service personnel frustrated and left to wondering what is going on? This type of property manager does not have the time to...

Throughout the years many community associations have found themselves in legal and financial disputes with contractors for work performed because they do not comply with the Florida Construction Lien Law. There are stories of community associations who have paid contractors all of the required funds...

As officers and directors of community associations, Florida Statutes, and the association documents require that all Board members have a fiduciary relationship in their positions with and for the unit owners that they represent and serve. What is a fiduciary relationship? A fiduciary relationship simply...

There is nothing worse in the management business than to negotiate, in good faith, a management contract with a new association, only to have them not do what they had agreed to and blame the management company for their failures! It is very difficult to properly manage a community association when...

I can’t tell you how many times I’ve heard people who live here in Milwaukee brag about the Milwaukee County Park System to newcomers or out-of-towners. I’ve done it myself. So I was surprised to read that a county auditor wants the county government to consider selling off the parks...