April 2013 President's Newsletter

President's Newsletter

Keeping you up to date with Cummings Property Management.

April Showers...

Welcome back everyone who left for the winter months! We are excited to be busy again with your Association's goals for 2013. The rains have kept many contractors either busy with leaky roofs and basements or very slow, keeping them out of the landscaping. We look forward to a more normal summer season and hopefully avoid another drought. Now is the time to start reviewing with your manager what you would like to accomplish this summer. Take a look at your budget and see where you can squeeze a few extra pennies into some projects to beautify your community.

"Embezzlement: The Inside Story"

Are You Adequately Insured?

If you ask the average co-owner what the most important service or product their association provides for them, you are apt to hear, "My association mows the lawn, replaces the roof and paints the exterior wood trim". If you ask the same question of your association manager, you should hear, "The association provides adequate insurance to fully protect all risk"...

The Importance of Insuring Against Employee Dishonesty

Dishonesty is one of those words that makes us uncomfortable; we want to avoid the topic. We trust that people will be fair and honest, but statistics point to an ever growing problem of employees, directors, managers, subcontractors and vendors participating in activities that cause substantial loss of revenues each year.

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Kay's Blog- To Insure or Not to Insure

It seems that every year, we are told that there is something better and more improved that we must purchase or change in our life. Bombardments from television, written advertisements and professionals tell us that change is imperative. We are cautioned to not be left in the dust of innovation. The older I get, the more cautious I become before I buy into the adage"new must be better".

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2013 Legal Seminar

Cummings Property Management welcomes you to attend a free seminar covering condominium law. Attorneys will be discussing the Aspects of Rental Restrictions, Dealing with Violations and more. Attendees will have an opportunity to participate in a roundtable discussion with the attorneys. If you are a board member of a condo or HOA, you cannot miss this.

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Visit the Legal Seminar Homepage for details.

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6190 Taylor Drive, Flint, MI 48507 · 810-715-5310
806 W. Grand Rive, Brighton, MI 48116 800-965-5292

Upcoming Events

Cummings Condo Legal Seminar and Roundtable

Thursday April 25, 2013 from 6:00 PM to 7:30 PM EDT

Cummings Property Management welcomes you to a free seminar covering condominium law. Attorneys will be discussing the Aspects of Rental Restrictions, Dealing with Violations and more. Attendees will have an opportunity to participate in a roundtable discussion with the attorneys. If you are a board member of a condo or HOA you can't miss this.

The Michigan Group- Remax Office

Exploring Fidelity Bond Insurance Seminar

Thursday May 16, 2013 from 10:00 AM to 11:30 AM EDT

Because surety and fidelity bonds are a risk management tool, it is helpful to discuss your Association needs with your insurance agent. As a group we plan to discuss this issue in depth. The goal is that you will understand what a bond is, when it's required in your association, and how to get it.

Cummings Property Management

Encore Event- Exploring Fidelity Bond Insurance Seminar

Monday June 10, 2013 from 6:00 PM to 7:30 PM EDT

This is an encore of our May 16th seminar. Because surety and fidelity bonds are a risk management tool, it is helpful to discuss your Association needs with your insurance agent. As a group we plan to discuss this issue in depth. The goal is that you will understand what a bond is, when it's required in your association, and how to get it.

Cummings Property Management

Risk of Failing to Build Reserves

Tuesday August 20, 2013 from 6:00 PM to 7:30 PM EDT

If you are on a condo Board of Directors, this is a VERY important concept for you to understand and embrace. We have witnessed too many times the long-term affect not having adequate reserve funds for association capital improvements.

Cummings Property Management