Why is a Reserve Fund Study Important? November 25, 2020 Bookmark and Share

A reserve fund study is one of the most important documents condominium associations rely on to determine the amount of reserve fund contributions that are necessary to meet future repair and replacement expenses. To complete a reserve fund study, a NJ property management company will conduct a comprehensive on-site review of the community and its […]

Preparing A Safe Community For Elderly Homeowners November 18, 2020 Bookmark and Share

In past generations, those 65 and older would eventually leave their homes to move to retirement communities or assisted living facilities. Now, though, more and more homeowners are choosing to age in place. With this comes new challenges for homeowners associations in trying to create a safe and accommodating environment for their elderly homeowners. Here’s […]

What is a Quorum and Why is it Important to an HOA Board? November 11, 2020 Bookmark and Share

Many associations schedule their annual homeowners meeting in October and there will be talk of making a quorum, but what does that really mean? A quorum is the minimum number of owners who must be at a meeting before business can be transacted. Business can include routine matters like passing a new budget or a […]

HOA Management Issues Caused By Poor Communication In HOA November 4, 2020 Bookmark and Share

Proper communication is vital to the success of an HOA community. When HOA board members talk to each other, they’re able to work harmoniously and accomplish essential tasks. On the other hand, poor communication can lead to negative consequences such as misunderstandings and low productivity. Here are the top management issues caused by poor communication […]

What Makes a Great Property Manager? October 30, 2020 Bookmark and Share

Property managers are proud members of the customer service industry in New Jersey. Whether it’s speaking to a prospective resident, discussing market analysis with a home owner, or improving business relationships with a fellow mem property management NJ professional, having great customer service skills is a must. In the competitive marketplace especially in Hudson County it is […]

Condo-Owners’ Options with Noise Concerns October 21, 2020 Bookmark and Share

Condo owners are continually assaulted by sound — traffic, construction, the neighbor’s music, you name it. And noise is an especially sensitive issue within condominiums, where concerns about noisy neighbors can create disputes among residents. Unfortunately, noise is a highly subjective issue, and conflicts can become extremely difficult to resolve. The legal system may be the only remedy to […]

Budget? Yeah… I Think We Have a Budget. September 30, 2020 Bookmark and Share

As a HOA manager I was often approached by potential clients, at their wit’s end with HOA issues. Often these issues were about financial issues. I would usually ask them about their budget. Far too often I would get a response like. “Budget? Yeahhh… I think we have a budget.” In most of these cases […]

HOA Is How You Spell Success September 27, 2020 Bookmark and Share

Home Owner Associations (HOAs) for condominiums, planned neighborhoods, and other residential properties have a long history in the U.S. but have become more popular over the past 20 years as people want to safeguard their neighborhoods, ensure the high quality of living and contribute to the investment in their homes. HOAs are a great way […]

To Boot or Not to Boot? September 22, 2020 Bookmark and Share

To Boot or Not to Boot? Immobilizing Vehicles for Parking Violations*Most community associations have rules and regulations in place governing the parking of vehicles. Violations are typically addressed by the issuance of a fine or, in some instances,  towing of the vehicle. However, towing a vehicle in New Jersey requires compliance with the Predatory Towing Prevention […]

Is HOA Living For You? September 17, 2020 Bookmark and Share

HOA living is becoming the norm in many communities. But is moving to an HOA community all that it’s made out to be? What is an HOA neighborhood association and are HOA fees worth it to move into one? Let’s look at what an HOA is, and the benefits of HOA living can bring to […]

Why HOA Social Media Is A Must For Attracting New Members September 11, 2020 Bookmark and Share

Why HOA social media? Nowadays, the question is more about – why not? The HOA social media benefits are too good to ignore. From HOA communication to enticing new residents, your homeowners association Facebook page can be a powerful tool. Let’s take a look at important HOA social media best practices on how to responsibly […]

Do HOAs Pay Taxes? September 2, 2020 Bookmark and Share

Does an HOA pay taxes? It’s a common question a lot of homeowners associations ask. While an HOA does not technically operate to gain profit, it is still bound by tax laws. But, how exactly does it all work? In this article: Does an HOA Pay Taxes? Let’s Find Out What Tax Forms Do You […]

Three Realities of Community Associations August 28, 2020 Bookmark and Share

All community associations have three things in common: Membership is mandatory. Buying a home in a community association automatically makes you an association member—by law. Governing documents are binding. Association governing documents can be compared to contracts. They specify the owners’ obligations like following the rules and paying assessments and the association’s obligations, including maintaining common areas […]

Why Is A HOA Management Contract So Important? August 22, 2020 Bookmark and Share

HOA board of directors are used to dealing with contracts for any type of goods or services needed by the association. Contracts are a standard practice so that both parties understand their specific roles and duties. That’s why a legitimate contract between you and your HOA management company is important too. From daily duties to […]

5 Valuable Tips For New HOA Homeowners August 17, 2020 Bookmark and Share

The prospect of moving into an HOA community can be very exciting for first-time buyers. After all, HOA living comes with so many benefits. You have wonderful amenities such as swimming pools, fitness centers, and playgrounds. There are also services that make residents’ lives easier and more comfortable. As new HOA homeowners, it’s good to […]

How To Collect Unpaid HOA Fees At Closing August 12, 2020 Bookmark and Share

HOA fees at closing, or at the end of a home sale transaction, can be a complex matter. Is the seller responsible for HOA fee payments at closing? Or is it the buyer and their closing attorney that should get the HOA closing letter? On the side of the HOA board, the simpler it is […]

HOA Attorneys – Why They Are Important And How To Find One August 6, 2020 Bookmark and Share

HOA attorneys are paramount to any homeowners association. They perform tasks and consult on issues that an HOA would otherwise have no way of doing. Here’s why your association needs one. In this article: The Case for HOA Attorneys Why HOA Attorneys Are So Important 1. Interpret Governing Documents and Laws 2. Amend Governing Documents […]

7 Reasons And Ways To Serve In An HOA July 31, 2020 Bookmark and Share

Whether you play a small but essential role or run for a position on the board, serving in your HOA comes with plenty of rewards. It may not involve financial gain, but there are some intangible benefits of giving back to your community. Here’s why and how you can serve in HOA communities. Why Serve […]

HOA Management: Playground Safety Tips July 28, 2020 Bookmark and Share

For children across the U.S., school is almost out for the summer. This means that the playground equipment in parks and recreational areas of HOA communities will be full of children having fun in the sun. Before the playground equipment in your homeowners association fills with the sound of small voices; however, be sure to […]

Here’s What Active Adults, 55+ Want in an Condominium July 26, 2020 Bookmark and Share

What Do Senior’s Want in an Condominium? #1: Accessibility Older Americans, Active Adults and 55+ are looking for homes that will be easy to navigate as they age. Homes with long driveways or multi-level entrances can be difficult for older adults to traverse, states Matthew Laderman, Vice President of mem property management To increase the […]

Why Every Condominium Association Needs an Owners’ Manual July 21, 2020 Bookmark and Share

One of the most effective ways to introduce a new owner to their home and the condominium association that they will soon be joining is to provide a Condominium Association Owners’ Manual. For a new or existing community, this is a powerful marketing tool and an important informational guide.  Many choose to make some or […]

Electric Vehicle Charging Stations July 15, 2020 Bookmark and Share

Prior to purchasing an electric vehicle, you should review your condominium documents and applicable state laws. California, Colorado, Florida, Hawaii, and Oregon have passed laws regulating requests to install electric vehicle charging stations. Many municipalities also have adopted ordinances regulating installation. Some condominium documents contain specific requirements for charging stations, but most don’t specifically address […]

Why Associations Need a Formal Collections Policy July 12, 2020 Bookmark and Share

Too many community association boards of directors avoid the question of how to deal with delinquent assessments until it falls squarely in their lap. When that happens, some quickly pull the trigger and start pursuing foreclosure, while others drag their feet or attempt various ad hoc measures. You can help them avoid these potentially risky […]

4 Reasons why You Shouldn’t Self-Manage your Homeowners Association July 8, 2020 Bookmark and Share

The Downsides of Not Hiring an HOA Management Company In the HOA world, there are two distinct paths you can take when it comes to association management. You can either hire an HOA management group to handle the day-to-day affairs of your organization, or you and your other board members can attempt to manage the […]

Grilling Safely in the Summer Season July 4, 2020 Bookmark and Share

The snow has finally melted. The sun shines later and later into the evening in New Jersey. Summer is right on the horizon. And with that, it’s time to start preparing for grilling season with mem property management co., inc. . This summer, you want your cookouts to be memorable for all the right reasons. […]

Five Ways to Transform Your Community July 1, 2020 Bookmark and Share

Here are five community management tips for HOA boards to truly make a difference in their neighborhoods: 1. Create a Vision Every major project starts with a vision. In other words, the HOA board needs to define where it’s going before it decides how to get there. Board members can provide input regarding the ideal […]

10 Effective Ways Your HOA Saves Money June 27, 2020 Bookmark and Share

Many HOAs have issues covering their operational expenses and as a result, end up charging homeowners with additional fees. In the interest of maintaining resident morale, association boards need to look carefully at their budget. You need to look for ways to reduce costs in HOA, while still providing exceptional service to the community. If […]

12 Qualities And Skills You Need In A Great HOA Manager June 25, 2020 Bookmark and Share

A homeowners association manager must be able to wear many hats to be successful. The HOA manager often acts as the backbone of your HOA and provides vital support to the board. As such, it’s important to choose an HOA manager that demonstrates specific qualities and skills while managing your community. Here are some key […]

Surviving Community Association Budget Season June 19, 2020 Bookmark and Share

In community association management, no two words are feared quite as much as ‘Budget Season’. Developing budgets is an important part of any business, and for community associations, the budget is incredibly important due to the fact that communities have a fixed potential income, and need to be prepared in advance for major expenditures like […]

Keeping Your Community Association Website Updated June 11, 2020 Bookmark and Share

Community association websites are a great idea. They’re the perfect place to post notices and reminders, provide updates on any construction or changes to the property, and so much more. These websites are a convenient and simple place for anyone in the community to go and stay abreast of whatever’s happening at any given time. […]