This Saturday (International Women’s Day) and throughout March, we proudly recognize and celebrate the extraordinary women who lead, inspire, and elevate community associations. From community management and governance to law, accounting, insurance, technology, reserve studies, banking, and engineering, women have made their mark on the community association industry.
With its blend of interpersonal challenges, administrative expertise, and leadership responsibilities, the community management profession both offers immense opportunity and requires intentional career planning. Whether you’re just starting or looking to advance, a clear plan can help you chart a successful and fulfilling path.
Unprecedented wildfires brought sudden devastation and loss to Southern California in January. As wildfire recovery efforts begin, community association leaders need to consider what immediate actions to take while also ensuring they align with governing documents. They also need to be prepared to work with insurance providers and handle resident requests.
Reporting requirements under the Corporate Transparency Act have been reinstated for community associations, which now have until March 21 to file an initial, updated, or correct beneficial ownership information report with the Financial Crimes Enforcement Network.
In the past decade, the advancement of digital tools, smart devices, and enhanced connectivity has strongly altered community associations. From template-driven management to enhanced experiences, tech transformations have revolutionized community associations and will continue to shape the industry’s path.
Community association boards should act now to protect their communities from cybersecurity threats, and can use simple and inexpensive methods to protect sensitive data against cyber crime and breaches, according to an insurance expert. To protect themselves in case of an attack or breach, community associations also should research and invest in cyber crime insurance policies.
