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IMPORTANT
BOARD UPDATES
NOVEMBER 2015
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At Heritage, we understand that board leadership is constantly changing. As your proud partner, we are here to help. Keeping new volunteers up to date with our industry is just one of the ways we make board work easier.
Always check our updates for the latest information and be sure to let us know how we can serve you even better!
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In this Issue!
Google Fiber Update
Lease Monitoring VIDEO
Understanding Accounts Payable
Fabulous Pumpkin Recipes!
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Tip of the Month!
Surprise your guests with a unique
recipe this season...
Most families are constantly searching for unique pumpkin recipes during the holidays. "Southern Living" seems to have a spectacular collection this year including Pumpkin Expresso Tiramisu, Pumpkin Honey Beer Bread Pudding with Apple Brandy-Caramel Sauce, and Pumpkin Biscotti!
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GOOGLE FIBER
IS COMING TO ATLANTA!
HERE'S WHAT ALL OUR BOARDS NEED TO KNOW!
Everyone is talking about Google Fiber coming to Atlanta. The system represents the most advanced technology for internet speeds with connections running up to 100 times faster. The original roll-out was in Kansas City. Four years later, Google's current plan for expansion includes five more metropolitan areas and Atlanta is on the list!
With all the buzz in town, many wonder what exactly makes this such big news? Basically, traditional DSL and Cable connections are copper based technology that use electricity to transmit data, while Fiber to the Home, or FTTH, is based on a fiber optic technology which uses light to transmit the data. The new cables are made from either plastic or glass which is not prone to electromagnetic interference like many metal cables. As a result, data can flow over great distances without degrading. The technology itself is in no way exclusive to Google and even though over 20% of the US population has access to fiber, we are still far behind a number of other countries. The enormous capital expenditure and time required to set up the basic infrastructure is the primary delay.
Some of our boards have wondered, how does this affect our Association and current or future right of entry agreements.....
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Fun Fact About
Gratitude!
Did you know...
Keeping a journal of everything you are grateful for
has been linked ot increased happiness
and multiple health beneifts!
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TREASURER'
S
CORNER
Tips to help manage
your Association's
financials
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Understanding Accounts Payable
Heritage handles all of our association's accounts payable from a lock box system reducing error and ensuring all vendors are paid in a timely manner. Centralization increases efficiency and allows checks to be cut everyday. In addition, all information is available on Heritage EDGE, including scans of paid invoices. What many boards do not realize is that there is much more to accounts payable than simply processing invoices and writing checks.
We protect our associations from potential exposure to vendor related issues. Improper handling can lead to
fines, suits, penalties and damage claims, and certain simple procedures must be followed. Part of our responsibility is to make sure v
endors are insured. In most cases we are looking not only for liability policies, but also workman's compensation. Heritage
also requires construction vendors to provide lien releases for any payments over $5,000. This form remains on record and is evidence that all invoices have been satisfied for both materials and labor.
Heritage also requires W-9s and sends out 1099's as required.
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CONCERNED ABOUT LEASE MONITORING?
Watch the video below for our unique solution.
Heritage H.E.L.P. is a totally unique lease monitoring service that has helped dozens of communities get a handle on who is renting in their communities. With years of success behind us, our robust system audits the neighborhood entirely, verifies information and allows the Heritage team to present the board with all the facts.
Watch our TWO MINUTE VIDEO to find out more:
CLICK HERE!
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Inspirational
Quote of the Month!
This month we selected one
about GRATITUDE!
"Gratitude is not only the greatest of virtues,
but the parent of all others.
"
- Marcus Tullius Cicero
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For Questions or Comments:
Please Contact
Wendy Brant
Director of Business Development
wbrant@heritageproperty.com
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Heritage Property
Management
Corporate Office
500 Sugar Mill Road
Building B, Suite #200
Atlanta, Ga 30350
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