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Sharper Management

952-224-4777

Welcome Clover Condominium Association to the Sharper Family

The Clover Condominium Association is the newest addition to the growing Sharper Management family of clientele. Built in 2009, these upscale, family-oriented condos are located near other associations under Sharper Management, including Copperridge Townhomes Association, Highland Shores Community Association, Mill Pond Condominium No. 1, 2 & Common, and Meadow Park Association. “We’ve been fortunate to earn the business of growing communities in the area and we look forward to working with the Clover Condominium Association Board,” states Dan Cunningham, Sharper’s CEO and Partner. Known for their reliable and committed approach to services for condominium and townhome associations in Minnesota, Sharper Management specializes in providing exceptional property management solutions. Offering a full-suite of premier services to the Minneapolis-St. Paul seven-county area, Sharper Management continues to expand their service area and look forward to building more new relationships throughout the Twin Cities.

Summer Construction: Protecting Your Investment

Living in Minnesota, we’re all too familiar with construction in the summertime. After a freezing Winter and rainy Spring, asphalt is ridden with cracks and potholes. Spring and Summer storms can result in serious roof and siding damage. Repaving or remodeling can seem like a real hassle; however, that construction is important to protecting your investment. We’ve gathered a few reasons as to why those pesky projects are beneficial in the long run. Appearance Your HOA board is in charge of maintaining your community, and one aspect of that responsibility is general maintenance. It’s important to keep your neighborhood looking attractive and welcoming for prospective buyers and tenants, and for the current residents. Home Value By not keeping up with essential construction or maintenance, your home value runs the chance of decreasing. Prospective buyers or tenants will be put off by poorly kept lots and pathways. Roof damage that isn’t visible won’t affect appearance but will certainly decrease your home’s value. Saving Money Taking care of these issues when they arise will actually save you more money later on. Over time, damages like cracks in the asphalt will only get worse and will become a bigger hassle. Your HOA board will want to save reserve funds for more unexpected expenses.

Minnesota Computers for School

Today, not having access to technology is much more detrimental than it was just five years ago. Sharper Management is proud to announce our recent donation to Minnesota Computers for Schools. While doing some much needed spring cleaning, we did an office inventory clean-up and donated two pallets worth of computer equipment to Minnesota Computers for Schools. To help make sure that everyone has access to the technology necessary to succeed in school and in the workforce, Minnesota Computers for Schools recycles and repairs donated computers and repurposes them to provide technology access and skills training to people who need it most. MCFS is committed to the highest industry standards for recycling and data destruction. We are so proud to have donated to this wonderful organization!

Understanding Your Wind and Hail Deductible

Hailstorms are an HOAs biggest risk, especially in Minnesota. Here, hailstorms tend to be so damaged that the losses incurred make insuring townhome and condo associations extremely difficult for insurance companies. Wind and hail losses are much more difficult to prevent than other damaging risks like fire and mold. Due to the instances of hailstorms in the past, many insurers introduced the peril-specific deductible. This deductible is separate and only applies when the loss is causes by a certain issue; in this case, wind or hail. Initially, these peril-specific deductibles were introduced on a per-occurrence or per-building basis. The per-occurrence deductible only applies once each time the particular event happens. The per-building deductible applies separately for each building that is damaged by the particular event. Many insurers are now choosing to utilize a percentage-based wind/hail deductible. This means that in the event of a loss caused by heavy winds or hail, the deductible will be calculated on a decided percentage of that building’s value—not a percentage of the damage done to the building. This is often a common misconception that creates costly financial errors. Understanding the differences between these deductible options can be confusing, so make sure to communicate thoroughly with your insurance provider. Not every insurance policy offers the same deductible options we discussed, so be sure to ask when seeking quotes. Additionally, consider getting a roof inspection before approaching insurance companies. It’s important to consider roof age, materials, shingles, and quality, when deciding upon a policy. Many insurers are willing to offer better rates and deductible options if your association has recently upgraded your roof. High quality roofing materials are always a plus and can give you some leeway on pricing (while simultaneously preventing losses in the first place). Communicate with your Board and the Association to determine which deductible makes the most sense. In some cases, a high deductible can be so expensive that the amount the association pays out of pocket ends up covering all or most of the repairs needed—making the insurance unimportant in the first place. While there may be some associations that high deductibles make sense for, it is vital to know what your association has and what your deductible responsibility will be in the event of a loss.