Connected Management Blog

Online Assessment Payments: The Future is Now Years ago, the only way to pay HOA dues was to mail in a check or provide payment in person. Today, technology changes has made it possible for residents to make their payments online and most prefer this method. For condominium board members, a qualified Chicago condo management company can easily provide this service, helping owners to make payments on time and online. As the coronavirus pandemic continues to be an issue, it seems that online payments are growing, providing a secure and immediate form of payment in a social distancing world. Keeping...

Electronic Assessment Payments: Are You Offering Them? As a board member in Chicago, you try to do your best to make sure your residents have safety, security, and that assessments are paid on time. If you are not working with a Chicago property manager, it can be a harrowing task to try and take care of all that plus maintaining the building, working with vendors and other aspects of overseeing a Chicago condominium association. One aspect that you may want to consider is offering electronic payments to your residents. You can do this by hiring a property management company such...

Special Assessments - An overview for Chicago board members The primary source of income for a condominium association is through the normal monthly assessments paid by the unit owners. These assessments are determined and set one time per year through the adoption of an annual budget. Once the budget has been adopted by the Board, the assessment amounts for each unit are fixed for the year and are not changed. What happens if there are unplanned repairs or other situations where additional funds are needed to support the association? The primary tool at the Board's disposal is a special assessment....