by Tina Larsson | Jul 18, 2019 |
Politicians talk about it, regulators embrace it, and associations are affected by it. No matter whether you believe that climate change is manmade or not, reducing energy use and going “green” is good for both the environment and the budget of associations. It is also a trending topic in communities everywhere. Read More...
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by David McConkie | Apr 10, 2019 |
Sure, your homeowners love paying less. But what are the long-term effects of that bargain, and how can you make sure you're striking a balance between affordable and adequate? Read More...
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by Robert Nordlund, PE, RS | Oct 10, 2018 |
Property values -- for good and bad -- are directly related to HOA money management. Here’s what you can do to keep things moving in the right direction. Read More...
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by Burke Nielsen | Apr 6, 2017 |
Nearly every homeowner in a condo or HOA has asked themselves at one time or another “What do the HOA fees pay for”. The answer is different for every community but the fact is the average homeowner doesn’t know where HOA fees are spent. Heck, you probably have a better idea where the homeless guy is going to spend the 2 dollars you gave him this morning. But every member of the HOA should know where the money is going — or at least be able to easily find out. Read More...
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by Robert N Roop | Feb 15, 2017 |
Homeowner’s association boards are elected community members who are tasked to look after the shared amenities and physical assets of the community. And to ensure that each of these assets will maintain its value over time, a carefully planned reserve study should be conducted by the association to properly allocate the monetary resources necessary for any maintenance or improvements of the amenities and assets in the future. Read More...
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by Tina Larsson | Jan 26, 2017 |
Start with amenities that can bring in the most money to the association for the lowest up front cost. This way, the first added amenity can pay for the next one; and so on. Adding advertising in the form of signs or billboards can be revenue generators, but are not allowed in many residential areas. However, ATM machines bring in revenue, can be thought of as an amenity by some, and do not take up a lot of room. Read More...
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