Maintenance Checklist to Enhance Your Community’s Value
Article Provided By Sherwin Lewis Published: May 2024 As acclaimed author Deniece Schofield describes the importance of proactive maintenance, “Don’t start today by doing yesterday’s work.” There are many steps Florida community managers and association board members should implement now to bolster their community’s value and curb appeal. On-site team members have many daily needs […]
’Extremely Active’ ‘Explosive’ Hurricane Season Coming
Springtime means rising water temperatures in an Atlantic Ocean that is already warmer than usual and with it, a rising hurricane risk to match. Colorado State University (CSU) released its annual hurricane forecast for this upcoming storm season, calling it “extremely active” with a record-breaking 11 hurricanes predicted for the season that officially starts on […]
Preparing for Storm Season: Best Practices Pre- and Post-Storm
With hurricane season quickly approaching, and as the old saying goes, “chance favors the prepared.” Hurricane season starts on June 1st and extends through November 30th. Here are some tips to help prepare your 2023 hurricane preparedness guide, as well as provide actions that you can take before a hurricane makes landfall. The time is […]
Dos and Don’ts of Election Challenges
Article Provided By Jeffrey A. Rembaum, Esq. Published: March 2024. Pursuant to their relevant statutory provisions, election disputes that take place in condominium, homeowners’, and cooperative associations are subject to mandatory nonbinding arbitration before the Division of Florida Condominiums, Timeshares, and Mobile Homes (the “Division,” for short). It is referred to as “nonbinding” because the […]
Value and Procurement: Leveraging Technology and Utilizing a Strategic Lens to Manage Costs and Quality
The daily and long-term procurement process can be complex for an association and its leadership. Requirements to purchase goods and services from dozens of categories with each their own set of vendors can be challenging to say the least — a single property can have over 200 unique vendors they purchase and contract with on […]
KWPMC Engineering Magazine 2023
Many “A” Grades as More Insurance Carriers Enter the Florida Market
Yet Many Signs of Caution, Further Action Needed Demotech issues a strong report card for its Florida property insurance companies, another carrier enters the marketplace, the reality check that we’re not out of the woods yet, plus the NAIC calls for states to collect more granular data to find property insurance affordability and availability gaps. […]
Five Questions for Lisa Miller, Florida’s former Deputy Insurance Commissioner
Article Provided By Lisa Miller CEO of Lisa Miller & Associates. Q: Why are Florida’s property insurance rates the highest in the nation? A: Three reasons: weather, litigation, and reinsurance. Florida is a peninsula that sticks out into the warmest ocean and gulf currents in the nation. It has 1,300 miles of coastline with nearly […]
Navigating Budget Adjustments & Increases: A Guide to Effective Communication
Article Provided By Oscar Borras Regional Vice President KW Property Management & Consulting. In today’s ever-evolving economic landscape, associations are grappling with the challenge of balancing rising costs of goods, services, insurance, and wages while ensuring the smooth functioning of their operations. As guardians of these communities, it falls upon us to master the art […]
Lean on Experts to Navigate a Challenging Budget Cycle
Article Provided By Roxana Dorigo Executive Vice President of Finance KW Property Management & Consulting. Florida community associations and property managers are grappling with the combined challenges of budgeting for rising insurance costs, funding reserves, elevated interest rates and addressing projects that have been deferred to comply with new state laws. Good news, board members […]
Budget Season Best Practices from the Eyes of a Large-Scale HOA General Manager
Article Provided By Trish Baker General Manager KW Property Management & Consulting. The annual budget season can often be a complex and challenging process. With careful planning and collaboration, however, it can become a smoother and more effective endeavor. Here are best practices from one of KWPMC’s lifestyle General Managers, to successfully navigate through your […]
Staying Up-to-Date on Industry Trends and Regulations: Best Practices
As an HOA or Condo Association board member or manager, it’s important to stay informed of industry trends and regulations to succeed. Keeping up with the latest information can seem daunting, but proper education is vital for a community association’s success. While the good news is that KWPMC ensures that our management team and your […]