Money matters.
Two very popular community association board practices landed on the
community managers' list of major no-no's and they usually go hand-in-hand:
not raising assessments and deferring maintenance.
"While no one likes making the unpopular decision of raising the assessments,
as a board member you are elected to make the tough decisions to promote,
maintain, and enhance the community. As your community ages you need to
set realistic repair and maintenance budgets to take care of the little things as
they break down. Proactive maintenance, such as caulking and roof inspections,
ensures that you catch problems when they are small before they turn into
water damage inside a home. Neglecting this leads to deferred maintenance
and more costly repairs."
— Jesse Dubuque, CMCA®, Associa Minnesota
6 Biggest Mistakes Board Members Make
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Read more from Jesse's blog post, "The Truth about
HOAs: Low Assessments Can Come at a High Price."
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