Board Members and property managers are looking for guidance through these historic times. Board Members need to continue to serve their Indiana communities as they are needed now more than ever with the ever-shifting economic climate. As we continue through this unprecedented journey, below are four factors to keep in mind.
1. Board Obligations
Given the current … Read More ›
“Coronavirus Impact on Community Association Finances and Assessment Collection” – Attorney Kelly Elmore reviews how community associations should handle the financial hardships caused by COVID-19. She dives into lessons learned from the 2008 recession and how they can be applied to today’s pandemic. (12 mins.)
KSN Podcast episodes are available here: www.ksnlaw.com/podcast
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In an effort to maintain their community’s financial well-being, association board members and property managers engage in budgeting and financial planning. This allows the association to account for their operational expenses, repair/replace equipment, and maintain adequate reserves.
While budgeting is essential for the success of the community, an association’s legal counsel can also provide insight that … Read More ›
On Tuesday April 5th, 2020, Illinois Governor J.B. Pritzker announced a plan to begin reopening the state while addressing the continued impact of the novel coronavirus. “Restore Illinois” is a five-phase procedure that will allow certain regions of the state to reopen ahead of others.
As of the publishing of this article, Illinois is currently in Phase … Read More ›