Association Advocates logo
Board & Self-Management Training / Developer Turnovers / Management Searches
Winter 2007

In This Issue

Articles & Seasonal Tips

New CO Law Effective 1/1/07

Seminars for Associations

Seminars for REALTORS®

Helpful Services?For New & Past Clients


 

Articles & Seasonal Tips
Articles clip art

  • "Turnover Time-What are condo owners to do when developer goes away?" Tribune/12-17-06


  • "Small Communities Still Need To Mind Their Own Business"
    Tribune/12-15-06


  • "Annual Calendar Can Keep An Association On Track"
    Tribune/12-1-06


  • "Steps To Ensure Good Contractor Work"
    Sun-Times/12-23-05


Winter/Spring Reminders...
Per the Illinois Condominium Property Act, the Board must perform specific annual duties including, but not limited to, those listed below. Be sure to check your Declaration, By-Laws and with your accountant for specific requirements to ensure your Association's compliance.

? Annual Accounting To Owners: Itemized accounting of common expenses for preceding year actually incurred or paid, together with a breakdown of reserves, capital expenditure or repairs, taxes, and amounts collected, etc. If December 31 is your fiscal year-end, this document should usually be sent to all owners of record by March 31.

? Year-End Tax Returns: All corporations must prepare a year-end tax return within certain timeframes. If December 31 is your fiscal year-end, your tax return will be due by March 15.

? Seasonal Reminders: Time to begin researching your Spring landscaping, maintenance, and seasonal projects. Proper due diligence and negotiations take time or you'll wait in line for scheduling when you should be implementing the projects!

These are just a few reminders! Do you know the proper protocols to follow? If not, we can help create your Annual Calendar!


Coming Soon...
Currently in development is our
?Do-It-Yourself Forms
and How To?s?

including step-by-step instructions on how to self-manage every aspect of your Association. We are compiling over 50 forms, checklists and sample letters that will be available on CD and can be easily customized by your Association.

Endorsements & Links



Greetings!

Happy New Year from Shirley Feldmann and Angela Falzone of Association Advocates, Inc.! This is our 5th year helping homeowners protect their investment and our growth continues thanks to referrals by past clients, condo attorneys, management companies, REALTORS® and coverage in the media. Thanks to all!

We will be updating our website frequently so be sure to check in often to learn of newly posted events, free seminars, radio shows, articles and handouts after an event in case you couldn't make it!


  • New CO Law Effective 1/1/07
  • CO2 detector

    Click on the image to read specifics of Public Act 094-0741/Carbon Monoxide Alarm Detector Act on the Illinois General Assembly web site.
    In brief, effective January 1, 2007, every dwelling unit shall be equipped with at least one approved carbon monoxide alarm in operating condition within 15 feet of every room used for sleeping purposes. The carbon monoxide alarm may be combined with smoke detecting devices provided that the combined unit complies with the respective provisions of the administrative code, reference standards and department rules relating to both smoke detecting devices and carbon monoxide alarms and provided that the combined unit emits an alarm in a manner that clearly differentiates the hazard. All owners should familiarize themselves with the additional requirements, exemptions, and consequences of non-compliance.

    Responsibilities: It is the responsibility of the owner to supply and install all required alarms within their dwelling unit. If the unit is rented, the tenant also has specific duties to perform. Although the law is written using landlord/tenant language, association boards/managers should inform their unit owners of the new law, but may only be responsible to ensure common area compliance, if applicable.

    Please refer to the below article or your own condo attorney for further clarification as it applies to your specific property.

    "Carbon Monoxide Detector Requirements For Dwelling Units" by David M. Bendoff, Esq.
  • Seminars for Associations
  • We're proud to speak again at the following prominent industry trade shows focusing on association-related topics:

    ? CAI-Community Associations Institute 25th Annual Conference & Trade Show to be held on Saturday, January 13, 2007 in Schaumburg. Angela will be speaking in two morning round table discussions on the topic of "Board Member Responsibilities."

    ? ACTHA-Association of Condominium, Townhouse & Homeowners Associations "Main Event" Conference & Trade Show to be held on Saturday, March 24, 2007 at the Drury Lane in Oakbrook. Shirley will be moderating two panels on the topics of "The Many Hats of Property Managers?Whether Self or Professionally Managed" and "Fiduciary Responsibilities."

    Please see Events & Seminars page of website for more details.

    www.AssociationAdvocatesInc.com
  • Seminars for REALTORS®
  • We are also very proud to announce that our Fall Seminars for the Chicago Association of REALTORS® received high attendance and positive evaluations, so we've been asked back to speak at all of their CAR locations!

    New Construction & Conversions... Eliminate Liability & Increase Your Sales! If you are a REALTOR®, whether representing the developer or buyer, this seminar is a must to help you protect yourself from liability and best represent your client. These Member Profitability Programs are free to CAR members, but RSVPs are required as space is limited. Seminars will be held on January 18, February 15, March 15 and April 12 from 10am-12:30pm, one at each of the CAR locations.

    Please see Events & Seminars page of website for more details.

    www.AssociationAdvocatesInc.com
  • Helpful Services?For New & Past Clients
  • Board Training Are you a new Association starting up after a Developer Turnover? Or an existing Association that may not be working as efficiently as it could? Do you have Rules & Regulations in place to assist the Board in ensuring that all owners are treated equally and the community lives harmoniously? We can customize a training package to meet the specific needs of your Association.

    Refresher Courses are now being offered to our past training clients. This is an excellent way to bring new board members up-to-speed with how to efficiently and accurately manage your Association to ensure everyone is on the same page and to avoid board member burnout.

    ?Do-It-Yourself? and ?Management Coaching? Retainers are designed to provide on-going assistance to our self-managed Boards to encourage annual compliance with the Illinois Condominium Property Act, increasing efficiency and decreasing board liability. Various service levels are offered on a monthly, quarterly or annual basis.

    Management Searches Are you a start-up association after the Developer Turnover looking to find new management? Or, perhaps your current management company may not be fulfilling the expectations of the owners and the board has exhausted its options trying to rectify the issues? We can assist by guiding the board on the proper due diligence needed to help them make the most informed decision.

    Learn more...
    Shirley Feldmann/773.348.0742 Angela Falzone/847.685.0710

    Email Marketing by