The Industry Journal

The Industry Journal serves as an official reference guide to best practice, policy and procedure, rules and regulation relevant and significant to the estate and community management industry. The articles serve to educate through experience-driven industry knowledge and covers all aspects relevant. Features include but are not limited to: Financial Management, Human Resources, Security, Risk Management, Legal, Conservation, Occupancy Standards and Government Legislation sectors. An essential tool to the Board of Trustees, Estate Management, Managing Agents, Homeowners Association and Bodies Corporate.

Best practice: financial operations for community associations

Financial operations are a critical part of the management of any operation, so it is essential that they are carried out with integrity. The board of directors, particularly the financial director, is ultimately responsible for an association’s funds and may not abdicate their fiduciary responsibility. Introduction to financial operations Given... Read More

Employment and retention

One of the biggest challenges facing organisations today is finding and acquiring the right staff as suitable people are usually limited in supply, but in high demand. "To win in the marketplace you must first win in the workplace." -Doug Conant Not finding the right staff member can make recruiting... Read More

Best practice: Managing financial reserves

Careful planning for future repairs and replacements is in the best physical and fiscal interests of the community association. Maintaining a reserve fund not only meets legal, fiduciary and professional requirements, it also minimises the need for special levies, and enhances resale values. How does an association properly determine and... Read More

How to acquire and develop the best talent by focusing on the right things

Finding the right staff is important but, unless you know exactly what you are looking for, you cannot accurately assess and evaluate a candidate during the selection process. Of course, it is important to know what technical skills and experience are required, and to assess these accurately, but it is... Read More

Community and communication

It is one thing to sell the concept of community living, but creating a real community among a large group of diverse human beings can be a tough challenge. An estate with a strong community keeps the value of the property high and the residents happy, so building a healthy... Read More

In a perfect world

In a perfect world we would wake up each morning with a spring in our step and breathe in fresh, unpolluted air as we gaze upon rolling hills of pristine grassland abuzz with bees, birds and butterflies, a cup of organic direct trade coffee warming our hands as the sun... Read More

Short term letting within community schemes

Many people buy into residential estates and sectional title developments for investment purposes and, with economic pressures being what they have been in the last few years, everyone is looking to maximise their return on investment. Renting out investment property is a time-honoured way to boost your income and, in... Read More

Proactive security is the best protection

Security is top of mind for people looking for estate living, so cutting-edge security systems such as CCTV surveillance, intercom systems and 24-hour security guards are the norm – much as they are on many existing residential estates. But, according to Edward van der Linde of JNCS Beyond Security, the... Read More
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