Last week CAI-NJ hosted its annual Senior Summit, one of CAI-NJ’s most popular educational events.
The educational sessions addressed issues faced by boards, committees and homeowners in active adult communities.
I presented a session on this growing trend in the industry as age restricted communities are becoming more and more popular. As managers and association leaders it’s important to understand these trends and take a proactive approach to managing association risks that come with these communities.
Here are some highlights from that session:
Managing the Risks that Affect Aging Residents
Managing the Common Areas
Educate the Residents
Check on your senior residents: Interact with them, offer assistance, take out their trash or carry groceries. “A good deed goes a long way!”
As managers we get to know our residents, their habits and their patterns. It’s imperative to pay attention to any changes we might notice.
With the growing trend and popularity of age restrictive communities, as well as more and older residents electing to stay in their current homes as they age, it’s important that managers and association leaders take a proactive approach to keep their residents safe, happy and secure.
Tony Nardone MBA, PCAM®
CEO – Corner Property Management