Budgeting for Snow Removal Without a Crystal Ball

For community associations that maintain their own streets, exterior parking lots and sidewalks, snow removal services can easily be one of the highest budgeted expenses each year. In the real estate boom of the early 2000’s, buyers purchased homes without knowing that maintenance of the streets and sidewalks (including snow removal) would be the responsibility of the association. Developers arranged for low cost services to keep the assessments down, and after they left the community, the shock of snow removal expenses left many associations using reserve funds or passing special assessments to cover the bills. Now, professional community managers and experienced board members plan well in advance for snow management expenses. With snow removal season recently behind us, and budget season quickly approaching, late spring is an ideal time for an association’s manager and board to look back at last season’s snow plowing service and expenses, and discuss alternatives for next winter.   Read the article…………..

Editor

Recent Posts

Uncovering Asbestos During Condo Refurbishment: Navigating Challenges and Options (ON)

Embarking on a major refurbishment project for a condominium is an exciting endeavor, promising revitalized…

2 hours ago

Enhancing Condo Aesthetics: Window Replacement vs. Repainting Considerations (ON)

In the realm of condominium maintenance and improvement, decisions regarding windows and exterior aesthetics are…

2 hours ago

Big Changes to Condo Record Laws (FL)

If the association is still doing things the old fashioned way and making deposits by…

5 hours ago

Refund Rights Run with Title (FL)

Q: My condominium association board assessed seven thousand dollars per unit right after the Hurricane…

5 hours ago

CINC Systems launches Cephai, the CAM Industry’s First GenAI Solution

CINC Systems, the leading provider of software solutions for the community association management (CAM) industry,…

7 hours ago