Legislative Changes Affecting HOAs
The 2023 legislative session in Minnesota was active, with several significant bills that will impact community associations in the state. Below is an abbreviating listing of those topics. As the laws are further defined and incorporated into daily living in HOAs, we will continue diving deeper into these topics in future newsletters and publications. Marijuana/Cannabis […]
Insurance Market Troubles
The insurance market for HOAs has been volatile, at best, for the last decade. 2023 has been horrendous on a number of fronts. For most associations, premium increases have been somewhere between 20-40%. For some, the primary business/structural policy premium has doubled. And for a rapidly growing number of associations, surprising news of non-renewals has […]
Sharper Welcomes 3 New Staff Members
In addition to the growing number of new clients in 2023, Sharper is pleased to add three new-to-us, but experienced-in-the-industry, staff to our already strong stable of community managers. Joining as portfolio managers, we welcome Steven Smith, Josh Fuhreck, and Kimberly Schlauderaff. Kim brings 20 years of property management experience and holds industry designations of […]
Sharper Management Welcomes Ravinia Neighborhood Association
Sharper Management is pleased to welcome the Ravinia Neighborhood Association as a full-service client. Effective April 1st. This expansive Lennar-built masterplan community consists of 445-single family homes resting on the east end of Corcoran, bordering Plymouth. The community features winding walking trails, a lovely community pool, and a Club/Pool House available for private rentals to […]
Sharper Gives Back
Sharper Management is happy to have recently provided a gift to Ruff Start Rescue with the proceeds from the 6th Annual Sharper Scramble Golf Tournament, which was held earlier this summer. Each year Sharper chooses a cause or organization that will be the benefactor of this annual event. Ruff Start is a wonderful organization that […]
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 […]
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 […]
Resale Disclosures: What They Are & Why They’re Needed
If you are selling your townhome, condo, or single-family home that is legally platted within a registered Association, you are required by Minnesota state law to provide a “Resale Disclosure Package” to the potential buyer. This “package” consists of a number of items, including: Copies of the Governing Documents (Articles of Incorporation, Declarations, Bylaws, Rules, […]
New Economic Realities for HOAs
The economic realities today affect homeowner associations in their own unique ways. The first COVID summer of 2020 brought uncertainties and government restrictions that impacted projects and daily life in HOAs. Amenities were closed, pools had protocols, and meetings happened virtually. The summer of 2021 brought material shortages. So, what has 2022 brought to our […]
Board Training-Section I-July 20th
Sharper Management will present the next two-part series of Board Training opportunities on Wednesday, July 20th, 2022, 6 p.m. at the Wells Fargo Plaza, 2nd Floor Training Room at 7900 Xerces Avenue in Bloomington, MN 55431. The 90-minute session will be led by director of business development and education, Josh Reams, CMCA, AMS, PCAM. This session, […]