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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Don’t let history repeat itself.
During this COVID-19 crisis, it serves us to look back to the last time our economy was in terrible shape: the 2008 recession. Millions of property owners lost their homes and suffered significant financial losses during the years after the real estate crash. To this day, property values in greater Chicagoland … Read More ›
As you can imagine, our law firm has received an unprecedented number of questions regarding assessments during the current crisis. We certainly understand and empathize with boards and unit owners alike. More importantly, we are very aware of the board’s delicate balance between fulfilling their legal obligations to the Association and assisting their fellow unit … Read More ›