NS Blog

Tips for easier association living.

HOW MILLENNIALS ARE CHANGING THE CONDO AND HOMEOWNER ASSOCIATION DEMOGRAPHIC

By NSManagement on February 7, 2022

As the years progress, more and more millennials are buying condominiums, townhomes, and single-family homes. With this influx, the Condo Association (COA) and Homeowner’s Association (HOA) demographic has started to saturate and chances are you’re noticing the changes. In case you’re unfamiliar with who falls under the term “millennials,” they are also known as Generation […]

NO VOLUNTEERS? BUILDING STILL MUST HAVE A BOARD

By NSManagement on February 7, 2022

Q: I am an owner in a condo association where I have lived for 10 years. We had a board that did a fantastic job. The directors held meetings four times a year, completed many improvements, and were always active. They were hard-working and dedicated, but they grew tired of beating their heads against a […]

ASSOCIATIONS, BIG AND SMALL, MUST HAVE TWO FUNDS

By NSManagement on February 7, 2022

Q: I am the acting treasurer of a small condominium association in Chicago. We were recently advised by a Realtor that the new Illinois condominium law requires that we maintain two separate accounts, one for daily expenses and a second for major expenditures. Does this requirement really apply to small associations? If so, what percentage […]

WHY WE CALL THE DECLARATION & BY-LAWS “GOVERNING DOCUMENTS”

By NSManagement on February 6, 2022

Too often, new condo owners receive their Declaration & By-Laws at closing and file them away, never to be seen again. But these documents are the basis for governing your Association. When there is conflict, the issue can almost always be settled by consulting your Declaration & By-Laws. Understanding the purpose of these documents will help to […]

ASSOCIATIONS AND OPEN MEETINGS

By NSManagement on February 6, 2022

One of the great truths of the association culture is that the board shall not conduct its business behind closed doors or have “secret” meetings as this deprives the owners of their rights. In concept, it sounds like a fine principled idea. In practicality, there are more exceptions than rules and more urban myths than […]

BULLIES SHOULD NOT BE TOLERATED IN HOA MEETINGS

By NSManagement on February 6, 2022

Q: I’ve been on our HOA board for a number of years. At a recent meeting, one of the homeowners started to yell at me. We have five members on the board but at the time of the meeting, we only had three positions filled. A motion was made and this homeowner made horrible remarks. […]

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