Tag: Cost-Cutting Tips
Community Association Cost-Cutting Tips | See also Financial Matters | Full list of Topics
Solar Power in Community Associations: What Can — and Can’t — Associations Do About Owners’ Solar Projects?
With so many things in an association-run community depending on cash flow, one of a manager’s most important duties is to carefully watch costs. But there are so many other aspects of managing a community—such as hiring and training staff, keeping on top of maintenance, and fielding member requests and complaints—that you might be tempted to spend less time on keeping track of contractor costs.
Despite the improving economy, some communities are still facing increased costs associated with the abandoned and foreclosed homes left in disrepair during the economic downturn. They may be faced with the task of maintaining the still-abandoned properties at their own expense, tracking down the lenders that are failing to keep the properties up, or allowing the properties to become both unsightly and, in some instances, dangerous.
This past winter, you may have received calls from members complaining about inadequate heat in their condo units. Often, these complaints are unfounded or result from easily correctable problems. Provide too much heat, however, and you are just wasting fuel and money. The best bet is to address heating complaints right away, while also controlling your heating costs.