Budget Time: How much should you charge for assessments?
October officially marks budget season for many community associations across the country. And with budgets comes increases in regular assessments. That means not only is this a bad time for community managers and board members, it’s also challenging to your homeowners, and can lead to major blowups over increases. One thing we have seen time and again is communities that fail to plan their budget properly. Some communities increase assessments based on an arbitrary value like cost of living, or a percentage dictated in the community documents. Still more communities choose not to raise assessments at all – not because they don’t need to, but because the board doesn’t want to make an unpopular decision. Read the article…………
Unethical actions are happening today in the CAM industry: accepting gifts in exchange for services, embezzlement, theft—and more. One person
With all this new action, the number of condo boards that oversee hundreds of units, or even 1,000 or more,
What do Apple Computer, Mary Kay Cosmetics, and the Ford Motor Company all have in common? These corporations all started