Thanks for all of your hard work Katie!!
Friday, March 30, 2012
Thursday, March 29, 2012
ACM would like to thank Wayne Pachol for sitting down with us and discussing the five key points that condominium associations should know about insurance.
Mr. Pachol, President of Alternative Insurance Management, LLC, is an insurance and risk management consultant with over 28 years of experience in risk management and all phases of casualty insurance.
Monday, March 26, 2012
After the Federal Housing Administration tightened its financing procedures for condo owner associations in 2009, high delinquency rates — the percentage of property owners in a community who are 30 days or more behind on their dues —became even more of a problem.
Unlike with homeowners associations, COAs own the ground and the buildings in which units are located, and thus are required to have an FHA certification to ensure the community is in good fiscal health so that people who want to buy a unit can get FHA financing. Condo communities with a delinquency rate of more than 15 percent, are ineligible for a FHA certification..."
Click the following link to continue reading "Council bill aims to reduce delinquency rates on condo dues": http://www.baltimoresun.com/explore/howard/news/ph-ho-cf-condo-fees-0329-20120324,0,3421534.story?page=1
Resident groups have long contended that there is a need for more transparency from CA and members believe that this legislation could lead to less. The proposed legislation would reclassify CA as a nonprofit community service corporation rather than a homeowners association.
Click the following link to read the article "Reclassifying Columbia Association panned as blow to transparency": http://www.baltimoresun.com/explore/howard/publications/columbia-flier/ph-ho-cf-columbia-board-0329-20120323,0,5539704.story
Tuesday, March 20, 2012
ACM would like to thank all those who have worked in opposition of this very costly legislation.
Thursday, March 15, 2012
American Community Management (ACM) recently registered its 10,000th homeowner to its client portal website, www.acmhome.com. The resident lives in Prince Place I at Northampton Condominium in Largo, Prince George's County.
ACM's client portal website allows community association homeowners to view their personal accounts, pay fees directly online, submit architectural requests, view unit violations, receive association correspondence via email and view all association information to include governing documents, policies, meeting minutes, quarterly financial statements, and much more.
ACM began utilizing its client portal website in January, 2010 and since then, almost 50% of the homeowners represented have registered to use the website. In the first two years of operation, the website has saved ACM community associations over $95,000 in administrative expenses to
include paper, copies and postage. The client portal website is a critical component of ACM's business and provides the platform where all the innovative systems merge. This portal has been designed to serve as a gateway to homeowner interaction and community involvement.
ACM is an established community property management company that was created to assist in the management of condominiums, homeowner associations and cooperatives. The company provides administrative, accounting, website, community management and property/facility
management services to community associations throughout Maryland. To find out more about the services offered by ACM, please visit www.communitymanagers.net.