Budgets are no easy task. For condo or homeowners associations, budgets can and should require considerable work and time to prepare this in-depth fiscal plan for the coming year. But once your budget has been prepared, be certain that you are following the correct...
Few things bring out the torches and pitchforks for community association Board Members like Special Assessments. Nevertheless, as Robert Frost said, “Nothing gold can stay.” Every community association across South Florida is going to have restorations, repairs or...
In Miami, there’s no getting around the fact that we need strong roofs over our heads. When you’re part of a condo association, roof maintenance, repair, and replacement is often the responsibility of the association at large, and, depending on your governance...
From a personal finance perspective, you know the importance of saving for a rainy day in case your car needs a new transmission or your air conditioning unit suddenly goes out. Because we know these things may happen at some point in the lifetime of the item, we plan...
Condo associations, no matter how big or small, will come up against some major expenses at various points in their operation. The key to being prepared to handle these hurdles with ease is by fully funding your reserve. What is a reserve fund? Reserves are monies set...
