Technology figured in a lot of people's thoughts this week, with articles on Shadow IT, the Robot Takeover, and Green Technology. If that's all a little too sci-fi for you, no worries. We have some good news to put all the horror stories in perspective. Check it out, this week in community association management!
“One of the most frustrating parts of Condo Association and HOA life is all of the terrible things that seem to be happening in the news. There are all sorts of horror stories that detail what can happen. Homes seized, embezzlement, sinking buildings – you name it. It can be very easy to assume that all Condo Associations are full of evil, incompetent idiots. While there are many bad Boards out there, it is important to keep bad Condo Association news in perspective.” Here are a couple things to keep in mind when all you hear is the bad.
“With recent technological gains, more individuals are not only working from home but, in fact, more than half of all U.S. businesses are based out of an owner’s home. In addition, with technological advances, many tasks that required an individual to go to their place of employment or an office, can now be done at their residence without interference. However, if you are one of the growing number of individuals who see their future as running a home-based business or telecommuting, a few words of caution.” *Be aware that your mileage may vary based on the state you're in. Be sure to consult your attorney before drafting rules to be sure they are compliant with state laws!
“Reports of the death of the co-op movement may be exaggerated. It’s no secret that condo sales have soared in recent years, while co-op sales have sagged. A century after it was founded in Brooklyn’s Sunset Park, is the non-profit housing cooperative movement ready for its obituary?” Let's take a deeper look.
Reset button... is that like Snooze?
Every business bleeds time and money due to inefficient processes, and when you are talking important data, you can also inadvertantly bleed off data that should be secure. This lost income/time/data is collectively called Shadow IT, and it can put quite a dent on your bottom line if you're not careful!
On a recent trip to California, Mike Hardy was startled to see not one, but two driverless cars riding the streets near him. With cars driving themselves, it's natural for us all to start thinking of how robots might take over our jobs. But remember that robots were invented to help humans, not harm! This article explores three ways robots will contribute to the real estate industry in the coming years, and I think they are spot-on!