Condo Media - July 2012 - (Page 2)

CONDO MEDIA CHAPTER EXECUTIVE DIRECTOR Claudette Carini CAI NEW ENGLAND BOARD OF DIRECTORS Scott Wolf, CMCA, AMS, PCAM, President Paul V. (Pete) Garrett, CMCA, AMS, PCAM, President-Elect Janet Aronson, Esq., Vice President Wesley K. Blair, III, Treasurer Paut T. Carroccio, P.E., CMCA, AMS, PCAM, Clerk Andrew J. Costa Frank A. Lombardi, Esq. Geri Matraia Jared McNabb, CMCA, PCAM Beth Tramontozzi Barbara Vieira, CMCA, AMS CONDO MEDIA INC. BOARD MEMBERS Jared McNabb, CMCA, PCAM, President Wesley K. Blair III, Vice President James Connolly, Treasurer Ellen A. Shapiro, Esq., Clerk Richard E. Brooks, Esq., Director Claudette Carini, Director Jack Carr, P.E., RS, LEED-AP, Director Richard Churchill, Director COMMITTEE CHAIRS Attorneys’ Committee Patrick Brady, Esq. / Gary M. Daddario, Esq. Banquet Committee Charlotte Scuderi Communications Committee Dan Rivers, CMCA, AMS Conference & Expo Beth Tramontozzi Emerging Leaders Network (ELN) Maria Benway/Steven Gilmore, Jr. Golf Tournament Tony Chiarelli/Paula Solemina Maine Legislative Action Committee Bruce McGlauflin, Esq. Managers’ Committee Patrick Holland, CMCA, AMS Massachusetts Legislative Action Committee Matthew Gaines, Esq. Membership Committee Jared McNabb, CMCA, PCAM Program Advisory Council Jennifer Barnett, Esq. / Scott Wolf, CMCA, AMS, PCAM Rhode Island Legislative Action Committee Ed Allcock, Esq. / Frank A. Lombardi, Esq. Vermont Legislative Action Committee David Boston, CMCA, AMS EDITORIAL Claudette Carini SALES AND MARKETING Natalie Springsteen ADVERTISING COORDINATOR Jeanne Yanaro CORRESPONDENCE CAI New England / Condo Media Inc. 888 Worcester St., Ste. 20 Wellesley, MA 02482 (781) 237-9020, Fax (781) 237-9028 CREATIVE SERVICES McNeill Group Inc. (215) 321-9662 FROM THE CED’S DESK The Official Publication of CAI New England The More Things Change he CAI National Conference and Expo held at Caesar’s Palace in Las Vegas was the 18th national meeting I have attended as the chapter’s executive director. I saw many faces from the New England chapter over the course of the three-day event and, with chapter president-elect Pete Garrett, participated in the annual Chapter Executive Director and President-Elect Training sessions. While much has changed, even more has stayed the same. Over the past several years I have seen the industry evolve with increasingly more challenges confronting communities and professional managers. From state legislation and agency oversight to aging buildings and financial shortfalls, the issues have changed considerably over the years, as have how associations address these challenges. Changes in technology, improvements in products, as well as more highly trained industry professionals, are helping communities address the issues of today and prepare for those of tomorrow. But at the core of the industry and CAI, as seen through my 18 years of participation, are the same ideals — to foster strong, vibrant communities; the same spirit of volunteerism; and the same commitment of many familiar faces around New England and throughout the country. It is that foundation that has supported the chapter in its growth and success — addressing and conquering every new challenge, setting and achieving every new goal. So while we manage the changes and embrace the future, be thankful for the sameness and appreciate its contribution. Wishing you all a safe and sunny Independence Day celebration and a restful summer. T Sincerely, Claudette Carini Chapter Executive Director Condo Media USPS # 018-946 is published monthly in Wellesley, Massachusetts by the New England Chapter of the Community Associations Institute, 888 Worcester Street, Suite 20, Wellesley, MA 02482. Publisher’s periodical rate postage paid at Boston, Massachusetts and additional mailing offices. Subscriptions: $36/year. POSTMASTER: Please send address changes to Condo Media c/o the New England Chapter of the Community Associations Institute, 888 Worcester Street, Suite 20, Wellesley, MA 02482. This publication attempts to provide CAI’s membership with information on community association issues. Authors are responsible for developing the logic of their expressed opinions and for the authenticity of all presented facts in articles. CAI does not necessarily endorse or approve statements of fact or opinion made in these pages and assumes no responsibility for those statements. This publication is issued with the understanding that the publisher is not engaged in rendering legal, accounting or other professional services. If legal advice or other expert assistance is required, the services of a competent professional should be sought. Form A Declaration of Principles, jointly adopted by a Committee of the American Bar Association and a Committee of Publishers. 2 CONDO MEDIA • JULY 2012

Table of Contents for the Digital Edition of Condo Media - July 2012

Condo Media - July 2012
From the CED’s Desk
President’s Message
CAI News
CAI Regional News
Asked & Answered
Homeowner’s Corner
Financial Questions
CertaPro Painters How a Multinational Corporation Keeps it Local for Clients
Protecting Your Association’s Assets Oversight and Due Diligence
Community Association Data Released
Your Condo’s Future Planning for the Expected — and the Unexpected
Lost in Translation Statutes Allow Community Associations to Set their Own Reserve Requirements — or Not
CertaPro Painters How a Multinational Corporation Keeps it Local for Clients
Advertisers Index
Classified Service Directory

Condo Media - July 2012