Understanding: Common Elements vs. Limited Common Elements
As a unit owner, navigating who owns what—and more importantly, who is responsible to fix it—can sometimes feel a bit murky. Under the Illinois Condominium Property Act (765 ILCS 605/), all areas of a condominium property are legally divided into two primary...
The Art of Being a Good Neighbor: Navigating Harmony in Association Living
Living in an association offers an incredible array of benefits, from shared amenities and maintenance-free exteriors to a built-in sense of community. However, multi-family living also requires a unique level of awareness and consideration. Because we share walls,...
Why Do Assessments Change? We Have Answers!
Financial Focus: Understanding Annual Budget and Assessments Every year, when the Board of Directors passes the new annual budget, a common question comes up among owners: "Why do our monthly assessments keep increasing each year?"It is a completely fair...
Accounting Principals and your Association
As the new CFO of Advantage Management, I want to say hello. I also want to thank all the associations for graciously allowing me time to get acquainted with your buildings and financials. As we move forward with improvements, it is beneficial to share knowledge so we...
Managing Community Waste: How You Can Help Lower Costs
One of the biggest issues facing many associations today is trash and recycling overruns on the budget. Waste haulers charge associations extra fees for overfilled containers and contaminated recycling bins. We need everyone’s cooperation to help us avoid these...
Advantage Management: Redefining Community Living
At Advantage Management, we don’t just manage properties—we build thriving communities. We currently proudly serve more than 160 associations across Chicagoland, ranging from Condo Association, HOAs, High Rises and Co-ops to Commercial Condominiums and Master...
The Digital Advantage: Why Staying Connected Online Benefits You
Living in a managed community is a partnership. To help your association run smoothly and keep owners informed, we want to remind owners of the digital features that can help you gain immediate access to information without waiting. 1. Speed and Accuracy Over the...
Reflecting on 2025: A Year of Growth, Community, and Giving
As we approach the end of 2025, we are taking a moment to reflect on a milestone year for Advantage Management. We have been fortunate to grow our family by welcoming 20 new properties from the Chicagoland area. To support this growth, we have also welcomed six new...
The Essential Home Winterization Checklist
Heading out for a winter getaway or planning an extended absence can be both exciting and stressful. While you’re dreaming of your escape, taking a few key steps to properly winterize your home is essential. This preparation will prevent costly damage, keep your...
Advantage Management’s Non-Perishable Food Drive: Helping Our Communities
At Advantage Management, we believe in the power of giving back and strengthening the communities we serve. This year, we are proud to announce our inaugural Non-Perishable Food Drive, an initiative designed to make a tangible difference in the lives of those facing...