Every condominium corporation must hold critical meetings throughout the year. The type, intention, and frequency of these gatherings vary by community, but most fall into the following categories: board meeting, annual meeting, committee meeting, and special or emergency meeting. Each meeting plays a vital role in the governance of the corporation, and understanding the structure […]
Hiring a condominium manager to assist with the day-to-day operations of your corporation can strengthen your community and simplify your responsibilities as a board member. A good condo manager will advise on key aspects and serve as your representative with other service providers. Fostering a strong relationship with your manager benefits everyone, providing both your board […]
Maintaining a condominium corporation’s financial health is a key responsibility of the board of directors. Creating a reserve fund to cover future repairs and replacement of major assets is crucial to successfully fulfill this duty. What’s a reserve fund? A reserve fund is money set aside by a condominium corporation for major repairs and replacements of components […]
Responsibly managing a condominium corporation’s funds is a crucial part of a board member’s fiduciary duty; however, the task can be too overwhelming for one person to handle. While a board treasurer takes the lead on preparing an annual budget, it’s the responsibility of the entire board to keep it balanced. A budgetary shortfall can put a […]
Written by Brad Wells, RCM, RPA®, CMCA, President – Wilson Blanchard Management, An Associa® Company (Previously published in the Spring 2021 Issue of ACMO’s CM Magazine) When external forces impose change, it can prove to be beneficial to any organization. A global pandemic has certainly been an external force. In an instant, and with no […]
(Original article posted on the WB Digital Newsletter Stream) As a board member, fostering the health, safety, and well-being of a condominium community is of the utmost importance. While many homeowners are comfortable with board decisions that improve or enhance community living, others are not. Despite the value condos offer, residents are often frustrated with […]
(Original article posted on the WB Digital Newsletter Stream) One of the major responsibilities of a board of directors is to enact rules, regulations, and policies that maintain or enhance the safety, health, and well-being of a condominium community. Additionally, a board must also enforce the rules and regulations. Sending a homeowner a notice of non-compliance can often be […]
By Maria Aitkenhead, RCM – Wilson Blanchard Management, An Associa® Company (Original article posted on the WB Digital Newsletter Stream) Before COVID-19, most condominium managers were required to be in the office to perform their many tasks, getting ready in the morning, commuting to the office every day, and spending time answering phone calls, emails, […]
A successfully run condominium is never a solo endeavor. It takes an engaged board, an experienced Condominium Manager and multiple vendors whom you can rely on for maintenance, landscaping, and more. If your board is struggling to find and keep the right contractors, check out these tips for choosing the right vendors so you can […]
On August 1, 1995, Ray Wilson and David Blanchard founded Wilson Blanchard Management. Tomorrow, we celebrate our Silver Anniversary. Over the past 25 years we have grown from 4 employees (including Ray & David) in a tiny 800 sq ft office managing 2 condominium corporations (both of whom are still managed by WB today!) to […]
