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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
Oct 18, 2019

HOA Meetings are for More Than Board Members

If you live in a community with a homeowner’s association (HOA), you no doubt have seen signs, received emails, or even had people knocking on your door to alert you about HOA meetings. There ar ...

Residential Real Estate
Sep 25, 2019

Who is Responsible for Repairs and Maintenance?

Homeowners often have differing views of their individual homeowner’s associations (HOA). One thing everyone can typically agree on is that one of the primary responsibilities of an HOA is to ma ...

Residential Real Estate
Sep 12, 2019

What’s in Your Board Member Toolbox?

Serving as a board member of a homeowners association (HOA) can be an incredibly valuable and rewarding experience. That said, it is serious business as there are of responsibilities associated with p ...

Residential Real Estate
Aug 23, 2019

The Value of Partnering with Financial Institutions

Community management companies, like the rest of the world, are being targeted for fraud and the threats are growing. This includes people attempting to cash fake checks at local banks, embezzlement, ...

Residential Real Estate
Aug 1, 2019

What to Know About HOA Rules, Regulations and Compliance

Homeowners associations (HOAs) provide many benefits to residents, from managing amenities to maintaining common areas and enforcing the association’s rules and regulations. Homeowner compliance ...

Residential Real Estate
Jul 24, 2019

Advice for New Homeowners in HOA Communities

With all the new construction in the Wilmington area and throughout our great state, it comes as no surprise that we are seeing increases in the number of homeowners’ associations (HOAs). HOAs a ...

Residential Real Estate
Jul 8, 2019

Protecting Your Home from Floods

The concept of flood zones has been changing as more areas which historically haven’t flooded have begun seeing more instances of water intrusion whether it be from rain, nearby bodies of water ...

Residential Real Estate
Jun 17, 2019

Lessons from Hurricane Florence

Many in the Carolinas are still catching their breath after Hurricane Florence, even as we enter into another season of hurricane preparedness. Here at CAMS, we’re taking what we’ve learne ...

Residential Real Estate
May 17, 2019

Ditch the Jargon: Simple Tips for Effective Management

As we at CAMS know all too well, at times it can seem as if community management professionals are speaking their own language. HOA, POA, CAI, AMS, CMCA… all that acronym-speak can be harder ...

Residential Real Estate
May 15, 2019

Guidelines for Creating Community-Friendly Association Rules

Let’s face it, we all need rules. Knowing what’s acceptable and – perhaps more importantly, what isn’t – helps set standards and define expectations and consequences. ...

Residential Real Estate
Feb 15, 2019

Leasing in a Community Association

Maybe you bought your property as an investment. Perhaps your circumstances in life have changed, and you now need to downsize – or go bigger. Or your job could be relocating you across the coun ...

Residential Real Estate
Feb 4, 2019

Architectural Review Within Your Community Association

Want to give the exterior of your home a fresh new look… in your favorite shade of pink? If you live in a community association, chances are you can’t break out the paint cans just yet ...

Residential Real Estate
Jun 12, 2018

Play it Safe When Planning Summer Celebrations

Summer is the season for outdoor celebration. Between backyard barbecues, pool parties, graduation shindigs and 4th of July festivities, your calendar may already be full of weekend and after-hours ...

Residential Real Estate
Mar 27, 2018

Renovate the Outdoors with Landscaping Refurbishment

Remember shag carpet? Wood paneling? Avocado-green kitchens? Once the “in” choices in home décor, these styles have since – and, perhaps, fortunately – fallen by the ...

Residential Real Estate
Mar 5, 2018

Don’t Let Wildlife Invade Your Life

The coastal Carolinas affords lots of opportunities to surround yourself with picturesque views right from your patio. Unfortunately, that scenery can sometimes come with a few unwanted guests &nda ...

Residential Real Estate
Jan 22, 2018

For Association Boards, CAI Membership has its Privileges

You’ve settled into your dream house and with the free time you now have to do some volunteer work, you have decided to join your community association board to be active in – and an adv ...

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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