WPM BLOG
Responsibilities of a Board Member
Members of a community association board face many challenges in the execution of their general responsibilities. It’s a difficult and sometimes thankless job with many complications: The board members themselves are often volunteers, with plenty of other demands on their time Their “bosses” are their friends and neighbors, living in the same community, creating an environment […]
Continue Reading...Posted Under: Associations, General
Disasters will Happen. Are you Prepared?
There are two kinds of disasters: the kind that are inevitable and the kind that might happen. With natural hazards, like lightening, high winds, and flooding, the question is not “if,” but “when” they will happen. But fires, earthquakes, civil unrest and many other catastrophes may or may not happen… to you. Unfortunately, when it […]
Continue Reading...Posted Under: Associations, Commercial, General, Maintenance, Multifamily
Lease-Up Lessons
Community openings can be a time of excitement and great reward, the culmination of years of planning and construction. As new units are claimed and the property reaches stabilized occupancy, developers, investors and management alike share a sense of well-earned accomplishment. But, getting there isn’t always easy. As you prepare for lease-up of your new […]
Continue Reading...Posted Under: General, Multifamily
Isn’t the Association a Business, too?
Is your Community Association a business? In many respects, the answer is yes. Most Homeowner Associations (HOAs) and Condominiums are founded as a corporation formed by the property developer as a State requirement of marketing and selling the homes in the subdivision. Once a pre-determined number of HOA lots or Condo units have been sold […]
Continue Reading...Posted Under: Associations, General
The Repair vs. Replace Decision
On the surface, deciding whether to repair or replace equipment or an appliance may seem straightforward, but with closer examination, it becomes apparent this is yet another arena where a property manager exercises art along with science. And these decisions have significant impact on customer retention and cash flow. Ultimately the choice will vary by […]
Continue Reading...Posted Under: Associations, Commercial, General, Maintenance, Multifamily
Baltimore Unrest: Leonard Frenkil Responds
Last Monday was a difficult day and night for all of us who love Baltimore City and call it home. As lifelong Baltimoreans, our hearts ached. Baltimore is and remains a great city to live, work and invest in; an eclectic, fun, amazing hometown. Getting back to normal started immediately and will be our charge […]
Continue Reading...Posted Under: General
