HOAleader.com - Tip of the Week - December 29, 2017
Published: Fri, 12/29/17
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Ready to Pull Your Hair Out? Stress-Reduction Tools for HOA Boards Could Help
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Chill out, dude!
We’re serious. Adopting stress-reduction techniques would help you better manage all the challenges that come with being an HOA board member.
At least, that’s the thinking at KW Property Management & Consulting in Miami, which manages about 300 community associations in Florida. On November 8, it hosted a program for condo board members on relaxation and conflict resolution at a local meditation provider. It’s the first of several stress management workshops it’s providing to its board member clients.
This program appears to be unusual—our experts haven’t heard of anything like it.
Michael Kim who, through his Chicago law firm, Michael C. Kim & Associates, represents about 500 associations, isn’t aware of any of his board clients turning to stress-reduction techniques.
Nor is Mike Hunter, an attorney and partner at Horack Talley in Charlotte, N.C., who represents associations. When asked if any of his boards were trying stress-reduction tools, he joked: “A fifth of Jack Daniels, maybe.”
Jane F. Bolin, the founding member and chief marketing officer of PeytonBolin, a Florida-based law firm focused on community association law, thinks this idea couldn’t hurt when it comes to helping boards, but she’d take a different approach.
“For me, this isn’t what we need to be teaching,” she states. “I do think conflict resolution, leadership, and strategic-thinking training are helpful. But I haven’t heard of boards doing stress reduction and relaxing training.
“Good for them, though,” she adds. “I don’t think it’s a bad thing. But for me it’s about: What’s your strategic plan? I’d also worry that this type of training gives legs to the idea that the issues boards deal with are personal situations, and that’s what we went to take out of board management.”
Undaunted, Tim O’Keefe, a director, and his colleagues at KWPMC are giving the idea a whirl, and the results have been positive so far. Read more in out new article:
https://www.hoaleader.com/members/3657.cfm
Best regards,
Matt Humphrey
President
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Recent articles posted at HOAleader.com:
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Boo Hoo! When To Bend Your HOA's Rules for an Owner's Bad Fortune
Have any of your owners experienced a hardship recently? Would you even know how to define that term if it were raised? In this week's tip, we give you a start on addressing the issue by answering a reader's question.
Click here to read full article:
https://www.hoaleader.com/public/Boo-Hoo-When-Bend-Your-HOAs-Rules-for-Owners-Bad-Fortune.cfm
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Is There a Hardship-Exception to Enforcing Your HOA's Docs?
An HOAleader.com reader writes, What flexibility does a board have to extend a time frame for engaging in a certain activity for the reasons of a hardship when that activity has specific dates during which it may not be engaged? This is in relation to living in an RV on the owners' undeveloped lot, when living in RVs is limited to May 1 to October 31.
Click here to read full article:
https://www.hoaleader.com/members/There-Hardship-Exception-Enforcing-Your-HOAs-Docs.cfm
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Are You Following Your State Laws on HOA Budgeting?
In this week's tip, we turn to your budget. Bored already? No need. This is good information, so stick with us. Here's an interesting fact about North Carolina law: It requires that HOAs hold an annual budget ratification meeting before each fiscal year.
Click here to read full article:
https://www.hoaleader.com/public/Are-You-Following-Your-State-Laws-on-HOA-Budgeting.cfm
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Are You Required to Submit a Budget for HOA Owners to Ratify? What Does That Mean?
Interesting fact about North Carolina law: It requires that HOAs hold an annual budget ratification meeting before each fiscal year.
Click here to read full article:
https://www.hoaleader.com/members/Are-You-Required-Submit-Budget-for-HOA-Owners-Ratify-What-Does-That-Mean.cfm
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