Community Associations

5 Common Property Owner Mishaps and How To Avoid Them

It is no secret that Property Owners have a lot on their plates. It’s a tough job to manage the many variables required to keep properties running smoothly.
Below is a list of areas that you can discuss with your clients that commonly result in problems for property managers…
• Documentation/Not keeping proper records – Keeping good records is an important way to avoid any issues in the future. Documenting interactions and resolutions with tenants, vendors and clients is the best way to minimize the consequences of litigation. As a general rule if it does not get documented it never happened.

Hurricane Season is Rapidly Approaching…

The 2019 Hurricane season begins on June 1st! Now is a great time to remind your client’s to review their coverage since hurricane’s are so closely associated with insurance. The hurricane season runs through November 30th, however, most of the storms hit during peak hurricane season which is between August and October. Although each hurricane season is unique, you should prepare the same way every year because these predicted powerful tropical storms wreak havoc on communities when they make landfall. It is beneficial that severe weather such as hurricanes and tropical storms can normally be tracked days ahead of any impact which provides ample time to prepare for a potential evacuation. In spite of such warnings and tracking, each year thousands are left unprepared for these devastating storms and have to deal with their aftermath.

Gearing Up for National Fire Prevention Week – “Every Second Counts: Plan Two Ways Out!”

Fire Prevention Week is October 8th through October 14th!  This year’s theme is “Every Second Counts: Plan Two Ways Out!”  Every second does count when it comes to fire safety.  As with any emergency, it is always good to have an emergency plan in place to help guide you and your loved ones to safety …

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The Grey Area Just Got Smaller For Real Estate Accounts

Effective April of 2017, ISO has filed revisions to the Limitation of Coverage to Designated Premises, Project or Operations endorsement.  Due to ever broadening court interpretation, the revision no longer includes the language “and operations necessary or incidental to those premises”.  This change aims to remove ambiguity and to limit coverage to the described location, …

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