Financial Planning

As the U.S. economy gets hit by COVID-19, managers need to use preventative maintenance measures to avoid future issues.

It is generally a horrible idea to publish a list of delinquent owners for others to see, even if the governing documents make it permissible.

It is imperative that the board not only choose the right vendor for the job but also make sure they enter into contracts that are beneficial to the association.

Some boards believe they need three bids for every contract, no matter how small or how undefined the scope of the work is. That’s not always the right thing to do.

Even the most financially savvy board can’t avoid raising association dues forever — nor should it.