Budgets & Reserve Studies: Your Best Planning Tools
As the summer months are winding down, TV commercials for school supplies abound and parents are overjoyed with soon-to-be quiet households. It truly is a wonderful time of the year – unless you work in property management. For property managers, this time of year is the most dreadful. If your association is on a January through December fiscal year, budget season starts in September. A budget is a crucial tool to effective management and a successfully running the association. As we near the end of the year, there are a few tips one can utilize to verify that an association stays within budget and anticipates concerns. If you have the right tools, you can certainly make your life less stressful and more productive. Read the article…………….
The bylaws of many condominiums authorize the board of managers to impose fines for violations of the rules and regulations,