In the Spring 2024 edition of CondoVoice magazine, Cathy Connally and Charley Best from Condo Partner delve into the critical topic of risk management for condominium corporations. This insightful article outlines the essential steps boards can take to identify, assess, and mitigate risks, ensuring the smooth operation and financial stability of their communities. Featuring expert advice and practical strategies, the piece underscores the importance of proactive governance and offers valuable guidance for board members and condominium managers alike.
By focusing on real-world examples and providing a structured approach to risk assessment, Cathy Connally and Charley Best highlight how effective risk management can protect and enhance the value of condominium properties, ultimately benefiting all residents. This must-read article emphasizes that the key to a well-managed condominium lies in understanding and addressing potential risks before they become costly issues.
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