Not a Subscriber?

Subscribe today to get access to all Quorum magazine articles that provide a host of resources and information. Subscribe Today!

Finances

Budget Prep 101

Imagine this…It is July, the height of the DC Metropolitan humid summer weather and you have a big vacation coming up. You have just recently made it through pool season, thankfully without a hitch one might add, and all your spring projects are complete. You take a sigh and pause to relax…your email pings…WAIT…NOT SO

Read More

Chapter Outreach

2021 WMCCAI Scholarship Winners

The WMCCAI Scholarship Program is open to all high-school seniors within the immediate Washington metro living within a community association (i.e. homeowners association, condominium association, or cooperative association). The 2021 Scholarship Program was solely funded by WMCCAI members, along with our generous scholarship sponsors, DoodyCalls, TRC Engineering, Inc., WINTRUST Community Advantage Bank (Silver Sponsors), and

Read More

Community Maintenance

We Will Fix It Next Year…

All communities deal with limited funds and often a long list of projects as they develop their annual budgets.  The reality is that some projects must be delayed due to limited resources or the higher priority of other projects.  However, the cost of such deferred maintenance is often unknown or not well accounted for, thus

Read More

Finances

Community Reserve Studies and Insurance Underwriting

Two major association documents insurance carriers want to see when underwriting an Association risk are financials and a reserve study. Why? In short, good management and financial stability! A reserve study is a plan to maintain and update the associations buildings and infrastructure. A quick review of an association’s financials will show if you have

Read More

Finances

Funding for the Future: Reserve Studies for Capital Planning

Community living can be incredibly rewarding – however, without proper capital planning, it can also come with unexpected, costly expenses. For property managers and condo board members, the ability to keep a reserve budget and plan for future expenses can help to extend the life of assets, manage upkeep, and ultimately save money. A reserve

Read More