Condo Control Central Blog
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We provide articles, tutorials, and tips on how to improve your building's property management. Making life easier for property managers, residents and security companies. Key topics covered are finance, communication, community living, property management, condo control updates, and laws & rules.
Condo Control Central Blog
1M ago
A reserve fund is like a nest-egg for associations. Every HOA needs ones for unexpected events and major expenses. The money invested in this fund comes from owners’ monthly fees, which are split between the operating budget and the reserve fund. The money put into the reserve fund accumulates over time so that when the HOA needs to replace mechanical equipment or a roof, the funds are available to pay for the repair without having to ask for a special assessment.
Table of contents
What is a reserve study
Benefits of a reserve study
How do you know if your reserve is adequately funded?
Apply ..read more
Condo Control Central Blog
1M ago
There is a saying that goes, “Rules are made to be broken.” Sometimes this is true, especially when society and times are changing so fast. Some rules that were appropriate from the past no longer apply. These changes can affect individuals and certainly HOA (Homeowner association) communities where many people live in a community and share common spaces.
Download our free HOA Amendment template
For example, with the introduction of electric vehicles (EV) and a significant number of HOA residents purchasing them, HOAs have had to develop new EV policies to accommodate h ..read more
Condo Control Central Blog
1M ago
Almost every company and business has a website today – and for good reason. Anyone who wants to know more about you, or the products or services you provide, is going to search for you online. A well designed, user-friendly website helps ensure prospective clients convert to long-term customers.
Download our free HOA website template/guide
Now, a homeowners association isn’t exactly like a business, but there are many similarities. HOAs must keep homeowners informed, collect payments (in the form of fees or dues) and advertise the community to prospective homebuyers. These are just a fe ..read more
Condo Control Central Blog
1M ago
HOA property management trends are constantly evolving due to influencing factors ranging from the housing market fluctuations to regulations to industry growth.
Since its origins in the 1950s, HOA property management has grown from primarily maintaining aesthetics and structural integrity in a shared community to its present operation of enforcing rules and regulations, collecting fees and managing HOA finances—yet more developments are on their way.
The property management industry generates $99,449 billion in revenue annually in the US alone; with a typical annual growth o ..read more
Condo Control Central Blog
1M ago
Electric vehicle (EV) sales have been growing year over year because consumers are showing an interest in eco-friendly mobility. In fact, in 2022 EV sales broke records reaching sales over 918,000 light electric vehicle sales.
With the increase in the number of EVs, the need for charging stations has also increased.
The pros of having a charging station in HOA communities is an attractive convenience and can also increase the value of homes in the community. People looking to reduce their carbon footprint will seriously consider HOA communities with charging stations.
Download our ..read more
Condo Control Central Blog
1M ago
Almost every company and business has a website today – and for good reason. Anyone who wants to know more about you, or the products or services you provide, is going to search for you online. A well designed, user-friendly website helps ensure prospective clients convert to long-term customers.
Download our free HOA website template/guide
Now, a homeowners association isn’t exactly like a business, but there are many similarities. HOAs must keep homeowners informed, collect payments (in the form of fees or dues) and advertise the community to prospective homebuyers. These are just a fe ..read more
Condo Control Central Blog
2M ago
Homeowner Association (HOA) is a private entity that strives to preserve a community’s value and quality of life. People from all walks of life are a part of such communities, making disagreements and conflicts inevitable.
These differences could be due to personal values, opinions, or schools of thought. Therefore, conflict of interest is common, causing distress and discontent among the residents.
In such a scenario, HOA strives to maintain peace and decides based on community interest. For impartiality, it is run by a set of board members who use governing documents that align with th ..read more
Condo Control Central Blog
2M ago
Increasing community involvement in a Homeowners Association (HOA) is essential to developing a vibrant area. The HOA board, homeowners, volunteers, and managers all play pivotal roles in building a strong community. However, in today’s busy world, attending HOA meetings may not be a top priority for many.
Innovative ideas are essential to boost participation and cooperation. The key lies in consistent interaction between the HOA and community members, where feedback is shared, voices are heard, and contributions are valued. HOA board members, as community stewards, significantly influence how ..read more
Condo Control Central Blog
2M ago
There has been a major shift in public perception from traditional gasoline-powered vehicles to electric vehicles (EVs). Despite supply chain disruptions, economic and geopolitical uncertainty, and macroeconomic fluctuations, electric vehicle sales have been growing year over year because consumers are showing an interest in eco-friendly mobility.
While electric vehicles are more expensive than conventional cars, they also promise to eradicate the environmental issues that are often ignored. The need for charging stations has also increased with the increase in EVs.
The pros ..read more
Condo Control Central Blog
2M ago
Homeowners Associations (HOAs) are super significant for managing neighbourhoods. Board members play a big role in following rules and ensuring everyone gets along. This guide talks about the basic HOA idea, saying it’s not just a group but a guardian that sets rules for the community. Board members make choices that affect everyone.
The guide says that board members must learn much to do a good job. It talks about duties, following rules, handling money, having good meetings, and fixing problems. Learning these things helps board members lead well.
Besides rules, the guide also talks about pr ..read more