Drones are becoming increasingly common, as a hobby, a tool for property inspection, a means of supervising contractors and as delivery vehicles. They’re also controversial and a source of tension concerning government information gathering. This webinar explores potential risks and opportunities for community associations, including how associations can effectively manage and regulate this new technology.

Some association boards pressure managers to handle legal matters as a way to save money. However, what would appear to be something simple, like filling in blanks on a contract or adding a comma in a bylaws amendment, can expose an association to liability. A clear separation of functions that can be handled by managers and work that should be done by lawyers can help an association avoid unnecessary attorneys’ fees and court costs.

Many association-governed communities in the United States are underfunded, based on data from approximately 8,400 reserve studies completed between 2010 and 2012. That means communities haven’t set aside enough money to offset common-area deterioration and won’t have enough money in reserve to make repairs and replacements in a timely manner. While many states don’t require associations to maintain adequate reserve funds, failing to properly fund reserves is never a wise decision. In this webinar, two experts discuss the challenge of making tough budget choices when money is tight.