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TODAY IN TRILOGY

CORONA WEATHER

✅ Major HOA Disaster Recovery Timeline (Process and Projections)

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LINK  ▶ PDF We are only able to evaluate the COBBLESTONE subscriptions to earthquake insurance (EQI any form) when the data about enrollments from MOTUS arrives back to the HOA after the April 10 deadline for this enrollment period.   But, in the end, a minority of residents will have made this purchase. If an event happens in the near future, the loss assessment aspect of this will determine how well the risk management factor plays out. One sure factor will be in play: Who among the uninsured or underinsured will decide to stay and how will that affect the disaster recovery timeline? Likely, this will take years. If so, the loss of use coverage may be most critical. After a major disaster for any community, particularly and HOA community, the timeline for recovery is unpredictable and is likely to be prolonged for a variety of reasons, some of which are identified in the chart below. When was the last time you witnessed your HOA fast-tracking a project that required extensive legal c

✅ Epilog: What is the reason so few HOA and condo communities purchase EQI?

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  A question and post from the distant past (circa 2011), but the answers given are still relevant today.  See LINK HERE SOURCE : Property Management Professionals (“PMP”) was founded in 2008 with a vision for a fresh approach to community management, focused on extraordinary customer care and a proactive, value-added management style that has come to define our organization. After working with the association management industry for nearly a decade, PMP founders knew that there was an opportunity to revolutionize the association management industry. By combining Fortune 500 corporation experience and work ethics with a boutique firm mentality, PMP truly offers a different experience for Board Member and resident clients. Made up of industry leaders from some of the nation’s most respected builders, developers, accounting firms, mortgage escrow companies, and community management firms, PMP has the most diverse and seasoned team of professionals in the industry. Our team’s unique prof

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Getting Through It