Congratulations mem property management corp.!
mem property management corporation
by Marty
3w ago
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Reviewing Your HOA Snow Removal Budget
mem property management corporation
by Marty
1M ago
This winter is quickly melting away HOA snow removal budgets if not already having them in the red. Your HOA concerns are not alone as communities in many states are having the same issues. mem property management NJ is with you, wishing that Old Man Winter would just give up! Let us help you set your HOA snow removal budget for the next winter with these tips Review your current budget now. It is a good time to put your current contract out for bid. Shopping around to get a few quotes now with a sculpted plan just for your neighborhood will ensure better service when the time comes. Waiting o ..read more
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BBB Anniversary – Congratulations MEM—-. A+ Rating
mem property management corporation
by Marty
2M ago
In a market saturated with companies vying for customers, BBB Accreditation gives consumers confidence that they’re dealing with an ethical and vetted business. With millions of consumers visiting BBB.org every week, the Better Business Bureau was identified as the best resource for finding trustworthy businesses. BBB’s directory enables consumers to easily find local, reliable businesses and adds peace of mind to their purchasing decisions. Whether you’re a consumer looking for a reputable organization to do business with, or a business owner looking to build trust among your customers, BBB i ..read more
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Reducing HOA Board Member Burnout: The Role of Automation
mem property management corporation
by Marty
2M ago
Imagine this scenario: you’re settling down for a peaceful evening when your phone buzzes. Mr. Smith, your neighbor, is complaining about the new, outrageously pink flamingo statue in Mrs. Johnson’s yard…again. If this sounds familiar, you’re likely an HOA board member familiar with burnout. Don’t worry, we’re here to discuss a solution that suits both self-managed heroes and those in managed HOAs: automation. Understanding Board Member Burnout HOA board member burnout is a silent challenge, often neglected until it’s too late. The culprit? Overwhelming tasks. Between handling violation dispu ..read more
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NJ Senate Bill S2760 signed by Governor Murphy yesterday
mem property management corporation
by Marty
2M ago
Below are a few important points that you should know regarding the Reserve Study portion  of the law. -Existing Associations If your reserve study > 5 years old or if you don’t have one, you must get one within 1 Year (by 1/8/25) -Associations formed after 1/8/24 If your reserve study > 5 years old or if you don’t have one, you must get one within 2 years of your newly elected Board. -All Associations must have reserve study updates at least every 5 years. CAI recommends every 3 years. -Associations with capital assets < $25,000 do not need a reserve study – “When an expenditur ..read more
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May the new year bless you with health, wealth, and happiness.
mem property management corporation
by Marty
3M ago
     May the new year bless you with health, wealth, and happiness ..read more
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WHAT ARE UNENFORCEABLE HOA RULES? WHAT TO DO ABOUT THEM?
mem property management corporation
by Marty
3M ago
Before you can understand unenforceable HOA rules, you must first know what HOA rules are. Simply put, HOA rules are rules that members of an HOA community must follow. These rules exist to regulate members’ behavior within the association. Some people use HOA rules and HOA covenants interchangeably. You can find HOA covenants within your association’s Covenants, Conditions, & Restrictions (CC&Rs). These dictate the association’s and the members’ obligations and rights. In essence, both HOA rules and HOA covenants dictate what homeowners (and the HOA) can and can’t do. You must then re ..read more
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Top 7 Considerations for your HOA Reserve Fund
mem property management corporation
by Marty
3M ago
TOP 7 CONSIDERATIONS FOR YOUR H O A RESERVE FUND, DOWNLOAD HERE ..read more
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What to Know About Opening an HOA Bank Account
mem property management corporation
by Marty
5M ago
Both smaller and large associations have their respective obstacles to overcome when it comes to managing money, whether it’s figuring out how to battle outstanding assessments or knowing how to navigate the payment of a loan. It’s important that administrators are familiar with their community’s banking practices, and know how to keep their operating funds safe and accessible while still taking care of their reserve and operating funds. Understanding the Purpose of an HOA Bank Account The primary purpose of an HOA bank account is to manage the association’s finances, including collecting asse ..read more
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WHAT IF HOA VIOLATES ITS OWN RULES? WHAT CAN HOMEOWNERS DO?
mem property management corporation
by Marty
6M ago
WHAT HAPPENS IF HOA VIOLATES THEIR OWN RULES? Homeowners associations are responsible for managing communities; a big part is enforcing the rules. Every HOA has a set of governing documents — including CC&Rs and bylaws — that dictate the rights, responsibilities, and obligations of the association and the homeowner. When a homeowner breaks a rule, they can face several possible penalties. But what if the HOA violates its own rules? Just like homeowners, the HOA, represented by its board, must abide by the governing documents. When an HOA fails to follow its own rules, a series of conseque ..read more
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