Dues Increases – No Resident Wants It, But Every Association Needs It
Most Associations have a traditional calendar fiscal year (January-December), which means soon we will be entering budget season for 2023. Back to basics, your operating budget is what sets the “dues” amount that people will pay each month/quarter/year. Each Association is different in what they are responsible for funding, but operating budgets should account for […]
Overcoming Decision Making Paralysis
There is nothing more frustrating for members, managers, and even homeowners, than a Board that is collectively stuck in the muck, having trouble coming to a decision. It is a condition that is all too common. Perhaps it is a complex construction project, a delicate homeowner situation needing resolution, a complicated budget crisis, or maybe […]
Welcoming New Residents to the Association
As a new owner buying into an association, you will receive a “Welcome Packet” from Sharper on behalf of the association. This Welcome Packet includes instructions on logging into the webportal, a listing of key contacts such as the Community Manager and Accounting representatives, options and directions on paying dues, etc. As fellow residents, however, […]
Keeping Your Home Safe While on Vacation
Summer is coming to a close, and many families are heading out on vacation or weekend getaways to soak up these last few weeks. When going out of town, it’s important to make sure your home is secure, as burglaries peak during the summer months. Here are some things you can do to keep your […]
Association Funds: Operating vs Reserve
Since most associations are on a calendar fiscal year, your Board of Directors and Management will soon start working hard to establish your 2023 Operating Budget. This budget, essentially, sets your “dues” – so we thought it would be a timely opportunity to explain the difference between the “operating budget” and funds VS the “replacement […]