How Condo Associations Can Navigate Rising Insurance Premiums
For condo associations, managing insurance costs has become an increasing challenge. Over the past few years, many associations have seen their premiums rise significantly due to factors beyond their control, such as increased claims, rising construction costs, and changes in the insurance market. Since insurance is a major expense in any association’s budget, finding ways…
Read More6 Things to Look for in a Property Management Company
Owning rental properties is a fantastic business opportunity, but it’s a lot of work. Screening potential tenants, communicating with clients, scheduling maintenance, collecting rent – it’s more than one person can handle. Whether you’re in charge of a condominium association, an apartment community, or managing a commercial property like a shopping center or industrial park,…
Read MoreThe Impact of In-Unit Modifications
Most condominium Unit Owners feel that what they do within the walls of their unit is nobody’s business but their own, and to an extent they are correct. The Association, however, is responsibility for maintaining the common elements within the community which can often be affected by “in-unit” work. Below are several scenarios to consider:…
Read MoreWhen It’s Budget Time!
If your community’s fiscal year ends on December 31st, it should come as no surprise that soon your Community Manager and Board Trustees will begin planning for next year’s budget. The preparation of an association’s budget is a detailed and lengthy process. They have a lot of work ahead of them. Over the next few…
Read MoreSeven Steps to Selecting the Perfect Property Management Company
Are you in the market to find assistance in the care and maintenance of your property? Hiring a trusted property management company can give you peace of mind that your community is well cared for. Whether you lead a condominium association, homeowners association, apartment community, single family home development, retail property, shopping center, public housing,…
Read MoreBuilding A Healthy Living Community
At Crowninshield Management Corp. we are fortunate to have valued relationships with hundreds of trustees. Each and every day our team listens and responds to the needs of our clients throughout New England. Although many of our residential complexes differ in size and needs, all properties share a common goal to create a healthy community….
Read More7 Tips For Energy Efficiency This Spring
Congratulations! If you live in New England, you’ve probably just endured the most wicked winter in history. Now, it’s time to rejoice in the return of spring, and all the green it brings with the change of season. While we’re on the subject of green, spring is the ideal time to think about saving money…
Read MoreOfficers Duties and Responsibilities
Community association officers typically serve at the pleasure of the board in carrying out specific duties. Here is a checklist of the major responsibilities of the officers: President: Chief executive officer and leader of the association Presides at all meetings of the board and membership Executes legal documents on behalf of the association Sets meeting…
Read MoreAccredited Management Organization of the Year!
Crowninshield Management Corporation has been named Accredited Management Organization of the Year by Boston Metropolitan Chapter 4 of the Institute of Real Estate Management. The award was presented at Boston Metropolitan Chapter 4 of the Institute of Real Estate Management’s Awards Night held at the John F. Kennedy Library in Boston. “We chose Crowninshield Management…
Read MoreMaster Policy/Homeowner Insurance Hurdles
When condominium sites renew their current Association Master Policy with some adjustments, or when they obtain a new Master Insurance Policy, it is critical that they notify all unit owners of the changes. A letter should be issued to assist with a contact for certificates of insurance and how to coordinate individual unit owner policies…
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