Rental intercept may be the answer, but diligent enforcement of the lease provisions is the key. read more

Part 2 of 2. read more

More and more associations these days are experiencing the "disappearing declarant" phenomenon: The original developer suffers such financial difficulties that their unsold units are abandoned or foreclosed upon - or the declarant itself files bankruptcy or goes into receivership. Sometimes the construction stops mid-stream, leaving partially developed lots unfinished and buildings unoccupied. Clearly these associations are experiencing some down times at the very early stages of their existence. But associations should know that even under these circumstances, down is not out. Associations can take advantage of the shared goals of its members to preserve and increase their property values through the various situations discussed below. read more

In the the spirit of ushering out the old and welcoming in the new year, I suggest community associations consider adopting New Year's resolutions for 2011. read more

Numerous community association industry experts, from managers to CPAs, recommend that condominium and homeowner associations utilize a bad debt line item in their budgeting process. read more