Thousands of enthusiastic attendees packed The Chicagoland Cooperator’s first annual Condo, HOA & Co-op Expo to learn about new products and services, network with hundreds of service providers, socialize and exchange information with their fellow board members and peers and get valuable advice to help their boards and community associations run more efficiently.
The all-in-one-day event at the Navy Pier Convention Center brought together Chicagoland’s best property managers, board members, real estate professionals, shareholders, service providers, vendors and unit owners all under one roof.
Many attendees were impressed with the diversity of information available at The Chicagoland Expo, “As a board member I never realized the wealth of resources available. Today has been exceptionally helpful and I got as much information as I could to share with my fellow board members,” said Paul Segal from Chicago. “Next year I'm going to get others to come with me.”
In challenging economic times, good information is critical and The Chicagoland Cooperator’s Condo, HOA & Co-op Expo provided the resources and learning tools board members and industry professionals need to stay ahead of the curve. The Chicagoland Expo not only gave attendees a chance to meet with professionals in the community association field but also provided a full slate of unique educational programming, plus free management, legal, insurance and financial advice. Attendees filled the aisles to meet with exhibitors showcasing every product and service available to the condo, HOA, and co-op market.
“Attendees can find everything here from asbestos abatement to window replacement,” said Henry Robbins, executive vice president and sales director of Yale Robbins, Inc., the producers of the expo.
An Information-Packed Day
Attendees were not only there to network but to learn. Educational seminars attracted standing-room-only crowds as nearly a thousand people attended one or more of the six seminars. The instructional offerings started early with a seminar entitled “Top Financial and Legislative Updates Every Manager Should Know,” sponsored by the Illinois chapter of Community Associations Institute (CAI-IL). Lara Anderson, Esq. of the Lake Zurich-based law firm of Fullett Rosenlund Anderson PC discussed licensing for community association managers, and David Sugar, an attorney with Arnstein & Lehr LLP, spoke about statutory disclosure and requests for association records.
BuildingLink.com hosted a seminar to explain and demonstrate their intuitive building and management website tool. Tim Jessup and Rina Kestenbaum of BuildingLink presented various modules which allow management and boards to communicate with residents regarding package delivery and access, fire safety and emergency preparedness, and filing of management and maintenance requests.
Orest Tomaselli, president of National Condo Advisors LLC, sponsored a seminar which examined changes adopted by the FHA, Fannie Mae and Freddie Mac related to condo lending and reserve funding. Tomaselli said many associations are unaware of the ramifications of being FHA-approved. After the mortgage crisis and tighter lending standards, about 9,200 developments across the country lost their status and haven’t gotten it back.
Tomaselli was extremely pleased and energized. “It was amazing. One of the biggest turnouts we’ve ever had. Amazing questions, a lot of problems were handled, and we had a line out the back of booth for the last two or three hours. It was a fantastic presentation.”
Associa’s Christine Evans and Gina Rossi spoke to a packed room when they hosted their seminar “Secrets of a Productive Board/Management Relationship.” They met with an enthusiastic crowd discussing the interaction between the property manager and the board. Evans said managers are there to help, and not make the decisions or replace of the board. “My philosophy is that the management company is not the hired help. You don’t order them around. You don’t throw things on their plate and tell them what they did wrong. You tell them what they did right. It is a partnership.”
One attendee remarked that the seminar gave her much food for thought. She indicated that the information she learned was going to help her in the future and looked forward to sharing her newfound knowledge with her fellow board members.
The seminar rooms remained packed for the next seminar moderated by Attorney Ebony Lucas of Peace of Mind Properties, LLC. This Chicagoland Cooperator-sponsored panel of attorneys, including Jim Slowikowski of Dickler, Kahn, Slowikowski & Zavell, Ltd., Charles Keough of Keough Moody PC and William Chatt of Erwin Law Firm, discussed rules enforcement and collecting common fees. Lucas explained the collections process and how to get owners to pay without resorting to eviction or serious litigation.
The crowds did not wane for the last panel. Attorney Jill Tanz of Chicago Mediation LLC joined with property manager Marcia Caruso and attorney Steven D. Welhouse of The Sterling Law Office LLC to examine the ins-and-outs of arbitration and mediation in resolving disputes. Caruso recited the oft-repeated mantra of association disputes: people, parking and pets. She pointed out how managers are on the front lines to referee disputes and reminded all that it's important to rely on the condo’s rules and regulations. “There are conflicts that are going to exist when more than two people live together.”
Free Advice & More
Besides the seminars, attendees lined up for free advice booths hosted by The Chicagoland Cooperator and staffed by a rotating roster of industry professionals throughout the day, one of the Expo’s prime attractions. Lines stretched down the aisles as attendees waited to question experts about association finances, policies, and day-to-day management issues. The Expo featured a cyber cafe to check email, stocks and other news of the day; a full service food court to whet the appetite, regroup and re-energize before heading back to the Expo floor packed with hundreds of exhibitors.
$2,500 Reserve Fund Giveaway
No trade show is complete without giveaways and raffles. One lucky board member is going to receive this year’s reserve fund prize giveaway, courtesy of The Chicagoland Cooperator and Yale Robbins, Inc. In a drawing held after registration has closed, one Expo attendee will win a $2,500 contribution to their building or association's reserve fund. A check for the winnings will be made payable to the winner’s building, care of their management company. Only board members qualified to enter the reserve fund drawing, and attendance at the Expo was required for eligibility. Information on the winner will be announced.
For Chicagoland area condo owners and managers, the Expo was truly a one-stop-shop for all services needed to manage and maintain buildings. When the booths closed up at 5 p.m., attendees of The Chicagoland Cooperator's Condo, HOA & Co-op Expo had enjoyed a full day of activities, and went home with lots of new information, business contacts, valuable insight into the workings of their buildings, and ideas on how to make their communities even better.
Get ready for next year since we've already begun planning for the 2012 Expo which blows back into “The Windy City” on Wednesday, November 14th, at the Navy Pier Convention Center. For more information, go to www.chicagocondoexpo.com.
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