Condominium Board meetings follow the five "Ps" of success!
1. Purpose.....what is the purpose of the meeting? 2. Preparation.....posting the Agenda four days in advance of the meeting (legally required) help members to be informed. 3. Punctuality....meetings should not exceed ninety minutes! 4. Patience....it's a process.... 5. Policy....decision making avoids future unnecesary discussions.
Take the Mystery out of Reserve Studies
A portion of the HOA for condominiums refers to the "Reserve Study" which outlines the scope and schedule of projects. Funding the reserve study from the HOA dues is mandatory and a form of protection against decisions that might otherwise be motivated by emotions, popularity or perception. A reserve study should provide the HOA BOD with a sense of being well-armed to make wise business judgments. Homeowners should value the reserved study as an independent and accurate statement of fact regarding the current year reserve funding situation, as well as a schedule of repair and replacment projects that are slated for completion. Ask me for advice and additional information regarding HOA documents, their meaning, and their usefullness for you.
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