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Mike Stonestreet

Co-Owner/President, CAMS (Community Association Management Services)
BIO

Mike Stonestreet, CMCA, PCAM, AMS, is the co-owner and president of Community Association Management Services, or CAMS. Stonestreet works daily with community managers and their respective association boards of directors regardin  

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Residential Real Estate
Nov 6, 2017

Stay Off The Naughty List When Planning Holiday Events

The trick-or-treaters have come and gone, and there is an ever-so-slight briskness in the air. That means the holidays – and all the twinkling lights, festive decorations and parties that com ...

Residential Real Estate
Aug 2, 2017

New Technology Means More Options For Community Association Billing And Payments

Over the years, technology has dramatically changed the way community and condominium associations bill and receive payments for owner assessments, sometimes referred to as dues. When I first sta ...

Residential Real Estate
Jun 13, 2017

Service Animals And Your Condominium Or Community Association

As a professional community manager for the past two decades, I have seen a rapid growth in the number of service animals within condominium and community associations.  Currently, about 79. ...

Residential Real Estate
May 12, 2017

Well-Informed Community Associations Make For Happier Residents

Being involved with a condominium or community association can sometimes make you feel like a Jack-of-all-trades. Homeowners often expect professional managers and community volunteers – offi ...

Residential Real Estate
Mar 20, 2017

Preparing The Pool For Summer

Spring has arrived, which means swimming pool season is just around the corner.  Pools are an attractive and important amenity for a lot of condominium and community associations, since it i ...

Residential Real Estate
Jan 26, 2017

What Roles Do Owners, Boards And Committees Play Within Community Associations?

There are various opinions on the role of community and condominium associations. But, generally speaking, the main purpose and authority of the association are to maintain common elements and ensur ...

Residential Real Estate
Jan 3, 2017

The Importance Of Protecting Your Association’s Money

One of the most important responsibilities of a property or condominium association board of directors is protecting the association’s funds.  In doing so, it is important for the board o ...

Residential Real Estate
Dec 1, 2016

New Sales Tax Legislation Affects Property Owners Associations

A recent North Carolina Sales Tax law has a direct impact on the budget of just about every property owners association.  On July 1, the state legislature passed House Bill 1030 - Current Op ...

Other
Jul 29, 2016

What To Know Before Buying In A Condominium Or Planned Community

There are many reasons people buy a home in a condominium or community association. Some great reasons include the availability and shared expense of recreational amenities, architectural style, affor ...

Other
Jul 22, 2016

Transition Your Association From The Developer To The Members

For every association, there is a point when members should take over leadership and control from the developer. An association’s declaration and bylaws will stipulate when the developer is re ...

Other
Jul 14, 2016

Managing New Startup Condominiums And Communities For Developers

Managing startup condominiums and communities is a unique job. There should be a community manager with experience working as part of a team, and that team should include other professionals in addi ...

Residential Real Estate
Jul 6, 2016

How To Run A Successful Association Meeting

A condominium or community association’s annual membership meeting requires thorough preparation to be successful.   One of the first things a manager or board should do is review th ...

Residential Real Estate
Jun 29, 2016

Property Owner Association Strategies For Post-Hurricane And Disaster Events (Part 3)

In my previous two articles, I discussed preparation for catastrophic events and post-event site assessment. There are a few final steps to disaster recovery for associations, though, and those are se ...

Residential Real Estate
Jun 22, 2016

Property Owner Association Strategies For Post-Hurricane And Disaster Events (Part 2)

Does your association have a post-hurricane and disaster event plan in place? As I discussed in my last article, preparation is key for property owner associations when it comes to being ready for cat ...

Residential Real Estate
Jun 15, 2016

Property Owner Association Strategies For Hurricane And Disaster Preparation (Part 1)

Is your association ready for a disaster or catastrophic event? A plan is critical year-round, but for the Cape Fear region, it is particularly important to be prepared for hurricanes and floods. &nb ...

Residential Real Estate
May 25, 2016

Top 5 Questions About Association Assessments

When it comes to community and condominium associations, one of the hottest topics is assessments, often referred to as dues. After 25 years of managing associations, we’ve learned that whe ...

Residential Real Estate
May 18, 2016

How Do You Make Changes To Your Association’s Governing Documents?

Community and condominium associations are implemented by the developer of the community or condominium. For some associations, this can mean that they are governed by documents that may be quite old, ...

Other
Apr 25, 2016

Starting A Landscape Plan As A Property Owners Association

If your association has landscaped common areas, then you should have a grounds maintenance (landscaping) contract for the association in place. The key to being successful long-term with any landscap ...

Other
Apr 18, 2016

Common Property Owners Association Terms Defined

When it comes to your property owners association, there are a lot of terms that may be new or perhaps not clear. As you look through relevant documents and governing contracts, you have to understand ...

Residential Real Estate
Apr 8, 2016

CAMS Celebrates Its 25th Anniversary

CAMS is thrilled to be celebrating its 25th year of operation, a decided rarity in the community association management business. These days, most community association management companies have a lif ...

Other
Mar 23, 2016

Is Your Association Facing Capital Or Large Deferred Maintenance Projects?

Most condominium and community association developments along the coast of North Carolina and South Carolina were created and developed beginning in the mid-1980s. Many of these associations are now a ...

Financial
Mar 16, 2016

Managing Your Association’s Stormwater

Is your condominium or community association required to manage a stormwater system? This can be a tricky issue to navigate.   In 1991, the North Carolina Division of Water Quality (DWQ) establ ...

Other
Feb 28, 2016

What To Know About Marina Association Management

If you own a boat slip in a boating facility with other boat slip owners, you are probably part of a marina association. This type of association is commonly referred to as a marina association but it ...

Other
Feb 24, 2016

Termite Control In Your Community Association

If you live in a condominium or a community with multifamily buildings, it is important for the condominium or property owners’ association, as well as the individual owners of the units, to kno ...

Financial
Feb 15, 2016

Tax Tips For Associations

Community associations are commonly referred to as homeowner associations, property owner associations, townhome associations, planned community associations or single-family neighborhoods. The vast m ...

Residential Real Estate
Jan 19, 2016

When To Call In The Professionals To Advise Your Board

Common areas of a community are vitally important. Not only do they ensure a better quality of life for residents, they also help the resale value of properties. So it makes sense that two of the most ...

Residential Real Estate
Dec 10, 2015

How To Conduct An Organizational Board Meeting

As far as the effective management of a condominium or community association is concerned, it’s critical to hold an organizational meeting of the board of directors following its election. In fa ...

Residential Real Estate
Nov 6, 2015

Communities That Lack Reserve Fund Studies Face Uncertain Futures

In my last article I shared my disbelief that there isn’t a law requiring property owners associations to conduct reserve fund studies. Managing an association without a reserve fund study is ak ...

Financial
Oct 9, 2015

Are Associations Required To Have Professional Reserve Studies?

Considering that it’s a good idea to have reserve funds for long-term capital and maintenance expenses, I am always surprised when I am asked that question. The answer is even more surprising, s ...

Residential Real Estate
Sep 15, 2015

Budget Preparations Don’t Have To Be An Annual Headache

It’s that time of year when board members and financial committee members convene to start the annual budget preparation for their property owners associations. Setting a budget can be an intimi ...

Residential Real Estate
Sep 4, 2015

Navigating Local, Federal Laws Can Be Challenging For Property Owners Associations

One of the chief complaints I hear from potential clients is that it’s a confusing, time-consuming chore to ensure their property owners association is in full compliance with local, state and f ...

Residential Real Estate
Aug 20, 2015

Does Hiring A Management Company Relinquish Control Of My Neighborhood?

The short answer is no. A professional management company such as Community Association Management Services (CAMS) will assist in the successful operation of the homeowners’ association by carry ...

Residential Real Estate
Aug 3, 2015

Homeowners, Communities Benefit From Professional Management

From leaky roofs and broken seawalls, to poorly written contracts and special assessments, there are many aspects of association management that require experience and a depth of knowledge. For tho ...

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