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  2. About
  3. What We're Thinking About Lately...
  4. Reserve Funds: Why Shortfalls Show Up in Winter
Season’s Greetings from Chicago Condo Resource & Haus Financial Services!

Season’s Greetings from Chicago Condo Resource & Haus Financial Services!

Lauren Schrader What We're Thinking About Lately... 23 December 2025

As the year comes to a close, we want to take a moment to thank you for being part of our community and for leading your own. Serving on a condominium board is no small commitment for those who volunteer their time to support their neighbors, protect their building, and make thoughtful decisions that impact the entire association. We are grateful for your readership and for the care you bring to your communities throughout the year.

We hope this holiday season gives you a chance to step back, recharge, and enjoy time with family and friends—well deserved after another busy year of budgets, meetings, and problem-solving. Wishing you a peaceful holiday season and a healthy, successful year ahead!

As always, please remember that you don’t have to do this work alone. If you need financial guidance, accounting support, or help navigating complex association decisions, Haus Financial Services is here for you. And if you’re looking for trusted vendors or an easier way to connect with professionals who understand condo communities, Condoly is ready to help—now and in the year ahead.

How to Handle Heating Emergencies in Your Condo

How to Handle Heating Emergencies in Your Condo

Lauren Schrader What We're Thinking About Lately... 17 December 2025

Chicago winters can be brutal, and a heating emergency in your condo building can escalate quickly. Here’s what boards and owners should keep in mind to stay safe and minimize damage.

  1. Respond Quickly: If a resident reports a loss of heat, acknowledge it right away and determine whether it’s an individual unit or a building-wide issue. Contact your HVAC or boiler contractor as soon as possible, ideally one with 24/7 service.
  2. Communicate Clearly: Keep residents updated with what’s happening, who is working on the problem, and when they can expect the next update. Clear communication reduces stress and helps residents plan.
  3. Prevent Freeze Damage: During an outage, encourage residents to; keep cabinet doors open near plumbing, let faucets drip slightly, and close common-area doors to retain warmth. This can help prevent frozen or burst pipes.
  4. Support Residents While Repairs Are Underway: Share tips for safe space heater use, open a warm common area if possible, and check in on vulnerable residents. For longer outages in extreme cold, consider temporary accommodations for those most at risk.
  5. Prepare Ahead of Time: Annual system inspections, updated emergency contacts, and reminders about reporting procedures can help prevent emergencies—or make them easier to manage.

Managing heating emergencies (and all building issues) gets easier with the right tools. Condoly.io helps condo boards and associations find, hire, and manage professionals for all your property management and maintenance solutions for your community. It’s a smart way to stay prepared before winter hits.

Policy Review and Updates

What Your Condo Association Should Review Every December to Prepare for the New Year

Lauren Schrader What We're Thinking About Lately... 09 December 2025

As the year ends, it’s the perfect time for condo boards to review and update the policies that keep their community running smoothly. A quick annual check ensures your association stays compliant, financially sound, and ready for the new year.

  1. Governing Documents: Take a fresh look at your Declaration, Bylaws, and Rules & Regulations. Some ideas of items to ensure are accurate would include; that policies still reflect how your building operates, rules are enforceable and up to date, and that no conflicts exist between documents. If your documents are more than a decade old, consider a legal review.
  2. Financial Policies: Strong financial policies help protect the association and ensure a stable budget. Review items such as; assessment collection procedures, delinquency policies, reserve funding strategy, and expense approval guidelines. Year-end is also a good time to assess whether your reserves match your long-term repair needs.
  3. Maintenance & Safety Policies: Chicago’s winters and aging buildings require clear maintenance and emergency procedures. Ensure your building(s) are ready for the cold, brutal winters such as; preventative maintenance plans, snow and ice removal plans, emergency response guidelines, and security and key/FOB access procedures. Confirm that your building complies with Chicago building codes, fire safety rules, and inspection schedules.
    If you need vendor support for your building maintenance or safety needs, check out Condoly.io for a full directory of property management and maintenance solutions for your community.
  4. Board Governance Policies: Effective leadership relies on clear expectations. Spend time to review; Board code of conduct, election procedures, conflict of interest policy, and communication and meeting guidelines to help build trust and transparency with residents.
  5. Owner & Resident Policies: Clear resident-facing policies reduce confusion and complaints. Make sure your policies are current, easy to understand, and accessible to all owners. Some examples of policies to review include; pet rules, rental restrictions, move-in/move-out procedures, package delivery rules, and holiday decorating guidelines.

A December policy review sets your association up for success in the new year—keeping your building well-managed, compliant, and aligned with your community’s needs.

If your board needs further support with financial matters, how to remain compliant with state law and your governing documents, and/or how to operate transparently, reach out to Haus Financial Services today.

  1. What Boards and Owners Should Know About Managing Pets in Your Chicago Condo Building
  2. How Condo Association Boards Can Show Gratitude and Improve Community Engagement
  3. Winter Prep Tips for Condo Associations
  4. Is Your Condo Association Prepared for 2026 Insurance Renewals?

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"Ask the Expert"

Who is responsible for replacing broken windows in a unit?

Q. One of our units is in bad shape. We have had an issue with pests. When Orkin went to the unit, there were two windows that are broken that face the alley. They are covered with cardboard, which is soaked with water and mildewed.

Who is responsible for replacing a broken door?

Q.  The sliding glass door to my outside patio is broken and needs to be replaced or repaired. Is it the association's responsibility to handle this?

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