Portfolios

Click on the following link for assistance with reserve planning & scheduling: Contact Website Developer Do Associations need to fully fund their Reserves, and how do they determine annual contributions? Condominium statutes require reserves to be fully funded. Fully funded means that at the end of an asset’s useful life, sufficient funds should be available for its replacement. The difficulty is determining an asset’s replacement value and its useful life. Replacement value is obtained in one of four ways or a combination of the four: A contractor’s price quote for replacing the asset – i.e., replacing the roof, repaving the…

Click on the following link for strategic planning assistance: Contact Website Developer Why should Condominium Associations develop a Strategic Plan? Board members and property managers get caught up in the day-to-day property maintenance activities and the unexpected events that monopolize their time. Many decisions addressing the needs and concerns of the community are made on the spur of the moment without consideration for their longer-term implications. Rarely are decisions considered within an overall framework or strategy that ensures consistency while targeting an overall preferred future state. As an Association transitions from one board to another, a new set of agendas…

Click on the following link to obtain information on having this website customized for your association: Contact Website Developer Why do Florida Condominiums need a website and does its content matter? The answer is that a website is needed for compliance with Florida statutes. Statute 718.111(12)(g)1., effective January 1, 2019, requires all associations with 150 or more condominium units to post current digital copies of its principal documents onto an association website. Required postings include governing documents (declaration, bylaws, articles of incorporation, and rules), contracts, bids, annual budget, annual financial report, meeting notices/agendas, and items being considered and voted on…