There are two components of a reserve study—a physical analysis and a financial analysis. During the physical analysis, a reserve provider evaluates information regarding the physical status and repair/replacement cost of the association’s major common area components. To do so, the provider conducts a component inventory, a condition assessment, and life and valuation estimates. A... Continue Reading →

Atlanta Association Management Companies Should Follow These Basic Steps When Writing a Strategic Plan for Their Community

 Plan development is the first component of strategic planning. During this stage, the following steps should be completed. 1. Assess the association’s history and significant accomplishments. Develop a history of the association. List important milestones that brought the association to where it is today. In order to help visualize how the association has changed over the... Continue Reading →

Atlanta Condominium and HOA Management Companies Can Help You Find and Keep Board Members

Today it is more important than ever to have a well-thought-out succession plan in place for your association’s board of directors.  Your condominium or HOA management company should help craft a succession plan that requires a thoughtful planning process.  It should consider a new board member’s competencies, experience, background, and fits with your existing board. In addition, board... Continue Reading →

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