Homeowners

CAMS Blog

How to Conduct an Organizational Board Meeting
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As far as the effective management of a condominium or community association is concerned, it’s critical to hold an organizational meeting of the board of directors following its election. In fact, this is considered a best practice by professional association management companies such as CAMS.   Many associations even have leg...
Communities That Lack Reserve Fund Studies Face Uncertain Futures
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In my last article I shared my disbelief that there isn’t a law requiring property owners associations to conduct reserve fund studies. Managing an association without a reserve fund study is akin to flying a plane without instruments, piloting a boat without a rudder, or driving a car with no brakes. In short, it’s a risky p...
Legislative Session Concludes at Last: Outcomes for CAI Stakeholders
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CAI’s NC Legislative Action Committee reports a very successful legislative session in its advocacy on behalf of the CAI community. Following is a summary of legislation to which your LAC gave significant attention throughout the two-year session.   Your LAC is your advocate in Raleigh – a group of volunteers whose commi...
Are Associations Required To Have Professional Reserve Studies
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Considering that it’s a good idea to have reserve funds for long-term capital and maintenance expenses, I am always surprised when I am asked that question. The answer is even more surprising, since in North Carolina and South Carolina there are no state statutes that requires property owners’ associations to have a profession...
Budget Preparations Don't Have To Be An Annual Headache
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It’s that time of year when board members and financial committee members convene to start the annual budget preparation for their property owners associations. Setting a budget can be an intimidating, time-consuming ordeal. Our goal in this article is to offer some insight and a list of best practices that have facilitated our succ...
Navigating Local, Federal Laws Can Be Challenging For Property Owners Associations
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One of the chief complaints I hear from potential clients is that it’s a confusing, time-consuming chore to ensure their property owners association is in full compliance with local, state and federal regulations. This is never a surprise considering the many nuances related to subjects such as governing documents, recorded plat map...
Does Hiring A Management Company Relinquish Control Of My Neighborhood
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The short answer is no. A professional management company such as Community Association Management Services (CAMS) will assist in the successful operation of the homeowners’ association by carrying out a range of duties, but the authority to approve budgets, establish special assessments and set policies is left to the board of dire...
Homeowners and Communities Benefit From Professional Management
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From leaky roofs and broken seawalls, to poorly written contracts and special assessments, there are many aspects of association management that require experience and a depth of knowledge. For those of us who are considering the purchase of a single family home within a planned community, a condominium or a townhome, it is paramount to ...
How to Successfully Live Under a Homeowners Association
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If you buy a condominium, townhouse or single-family home in a newer development, you're likely to become a member of a community association. About 20 percent of Americans live in a community governed by a condo association, homeowners association or co-op board, according to the Community Associations Institute, which educates volun...
NC Community Association Legislative Roundup
Thursday, April 30, 2015 was the all-important “crossover deadline” in the North Carolina General Assembly. Without getting too much into the weeds, bills that are “non-budget” must generally have passed one chamber or the other by the crossover deadline to be eligible for consideration during the 2015/2016 session...

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