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COMMON PROBLEMS CONDO BOARDS FACE AND HOW THEY CAN BE RESOLVED

Author: 
CondoGenie
Publication date:
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Article Summary: 

The article discusses common difficulties faced by condo boards and provides potential solutions. It highlights challenges such as problems in management, lack of communication with condo owners, reserve funding issues, and budget shortfalls. The article suggests that open communication between the condo board and property manager is crucial for resolving management problems. It also emphasizes the importance of monitoring reserve fund levels and considering professional reserve fund studies. Additionally, the article advises addressing budget shortfalls by cutting unnecessary expenses and postponing minor repairs until the budget recovers.

Keywords: 

Condo boards, difficulties, challenges, property manager, communication, reserve funding, reserve fund study, budget shortfall, management problems, board of directors, condo complex, condominium boards,

Source Citation: 
CondoGenie
COMMON PROBLEMS CONDO BOARDS FACE AND HOW THEY CAN BE RESOLVED
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https://condogenie.com/posts/222-problems-condo-boards-face-and-how-they-can-be-resolved/
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