The COVID-19 pandemic is leading to higher operating expenses and unanticipated costs for many community associations. Taking note of financial impacts now can help associations better prepare for the future.
Service providers help community associations meet their responsibilities to residents. Follow these strategies to help you build, and maintain, successful partnerships with these professionals.
Business partners have adjusted their operations to continue serving community association clients during the pandemic. They also reported no major impacts to staffing, client base, or budgeted expenses, according to a CAI survey.
Technology has been a driving factor of change in recent years, but the COVID-19 pandemic kicked that change into overdrive. Leveraging certain software and operating systems can help us improve the quality of service to community associations.
Many homeowners who live in a community association may not understand how it functions. CAI’s new guide aims to provide an introduction to community association living for those who live in, work for, or participate in a homeowners association, condominium community, or housing cooperative.
Homeowners associations in California with restrictions on long-term rentals must amend their bylaws to meet the requirements of a newly implemented law. Community association advocates say the statute may infringe on property ownership rights and curtails self-governance.