Staffing levels for community management companies and managers have been largely unaffected by the COVID-19 pandemic as they primarily continue working remotely, with slightly higher expenses in some areas, according to a CAI survey.
The COVID-19 pandemic has had an immediate and devastating effect on the U.S. job market and labor force. So far, community association managers have been protected from layoffs and furloughs as they provide essential services to clients.
Nearly 75% of community association board members express being “confident” or “very confident” regarding the current budget, though almost half expect assessment delinquencies to increase in 2020, according to a CAI survey conducted in late April.
Community associations may need to reevaluate which construction projects are necessary to their continued operation and which nonessential construction to put on hold during the COVID-19 outbreak.
Continuity of operations and residents’ safety has become top of mind for community association leaders as the COVID-19 outbreak begins to impact more and more of the U.S.