The Importance of Loss Assessment Coverage
Insurance in an Association can be confusing. One important distinction in your personal homeowner policy package (commonly called an “HO6” policy) is Loss Assessment Coverage. This coverage is typically different from your “Real Property Coverage.” Real Property Coverage should cover your personal contents, coverage of building construction items like flooring and walls that may NOT […]
Sharper Management Welcomes Ravinia Neighborhood Association
Sharper Management is pleased to welcome the Ravinia Neighborhood Association as a full-service client. Effective April 1st. This expansive Lennar-built masterplan community consists of 445-single family homes resting on the east end of Corcoran, bordering Plymouth. The community features winding walking trails, a lovely community pool, and a Club/Pool House available for private rentals to […]
Pets and Living in an HOA
Sunshine and getting outside for a walk are things we are all doing more of these days and that includes our pets. Just a few friendly reminders to be sure to pick up after your pets during this season. As more people are out walking due to the closure of many local gyms, it’s more […]
The Benefits of Spring Cleaning
With all of us being at home for the time-being, this might be your year to do a deep-down spring clean. There are a lot of surprise benefits to spring cleaning! It helps alleviate allergy and asthma symptoms. Cleaning up pollutants like dust, pet dander, dirt, mildew, mold, and more will improve your air quality […]
Don’t Break Your Own Rules in Rule Enforcement
Spring is here and that means Community Managers and Board members will be active in walk-arounds/site inspections while hoping to whip the association back in to shape after a long winter’s nap. Rule violations are always a focus in these efforts. Melted snow un-earths pet damage to turf; holiday lights still adorn balconies; neglected exterior […]
A Lesson in the Business Judgement Rule
There are two key legal terms that are often times thrown around but seldom understood in regard to serving on the Board of Directors: responsibilities and protections. As to the former (responsibilities), it is important to understand the concept of Fiduciary Duty. In short and very simplistically, it is the premise that Board members are […]
Year-End Requirements for Associations
Did you know that associations, as a registered non-profit corporation, are required to file Federal and State taxes? It is also important to be aware of any requirements of your governing docs for an annual financial review or audit. If you are governed under MCIOA (Minnesota Common Interest Ownership Act,which effects all condominium associations and […]
Board Tips: Make Your Meetings Matter
In previous issues we’ve discussed the importance of a strong meeting facilitator; we’ve suggested agenda formats to create better meeting efficiency; and recently we wrote on the principle that meetings should be regulated to making decisions. There’s no denying that we live in a culture of meetings. In this issue’s Board Tips, we offer one […]
Fountainwoods II Condo Association and Sharper Join Forces
Eden Prairie, Minn – (August 17, 2018) – Effective August 1st, Sharper Management is pleased to welcome Fountain Woods II Condominium Association to the stable of clients managed in the Edina area. Originally constructed in the early 70s and incorporated as Condominiums a decade later, Fountain Woods is a beautiful community made up of four […]
Sharper Management Adds Manchester Village Owner’s Association
Eden Prairie, Minn – (August 17, 2018) – Effective September 1st, Sharper Management will add Manchester Village Owner’s Association to the full-service management client list. Manchester is a single-family home community located in Minnetonka and consists of 51 homes built in the late 80s. “Manchester is a unique community association,” said Dan Cunningham, Owner of Sharper […]