mem property management corporation
227 FOLLOWERS
mem property management is a privately held property management organization that was founded in 1984, by Martin H. Laderman. With the vision to increase property value through solid, experienced management. Since that time the company has expanded to manage dozens of properties from its New York border to the Jersey Shore.
mem property management corporation
3w ago
mem property management corporation
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
mem property management corporation
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
mem property management corporation
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
mem property management corporation
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
mem property management corporation
3M ago
May the new year bless you with health, wealth, and happiness ..read more
mem property management corporation
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
mem property management corporation
3M ago
TOP 7 CONSIDERATIONS FOR YOUR H O A RESERVE FUND, DOWNLOAD HERE ..read more
mem property management corporation
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
mem property management corporation
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