IMPORTANT
BOARD UPDATES
APRIL  2015

 
Springtime may bring April Showers,
But is Your Association Ready for a Rainy Day?

Tend to your reserve fund like your garden and watch it grow!

  

Tip of the Month

 

Most Associations need Reserve Studies. However, rather than requesting an entirely new report every few years, it is often more cost effective to have an old study updated. This allows your neighborhood to have the most current information year to year.

 

Facts About Money

Over 30 billion dollars of "Monopoly" money is printed each year.


 In contrast, most of the money our government prints is simply to replace worn out bills. 


 About 75% of American families live paycheck to paycheck and sadly, many Associations do as well.

   
Inspirational 

Quote of the Month

This season, we offer a quote that inspires 

saving and planning.

 

"Someone is sitting in the shade today... 

because someone planted a tree a long time ago."

 

-Warren Buffet
Heritage Property Management
(770) 451-8171
500 Sugar Mill Road 
Building B Suite 200 
Atlanta, Ga 30350
Questions or Comments 
Contact 
Wendy Brant
Director of 
Business Development 
wbrant@heritageproperty.com

As your proud partner, we understand that board leadership is constantly changing. As a result, we are always 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! 
Understanding the
Foundation of Your Financial Health:
The Reserve Study!


Most communities need a foundation of knowledge to determine what they own, and what it takes to care for what they own. This formal analysis, performed by an engineer, is called a Reserve Study. Perhaps it should really be called a replacement cost study, as it addresses the estimated fees associated with inevitable building, amenity and road maintenance. Utilizing this information for budgeting helps the homeowners avoid the burden of large special assessments.
AND
In creasing Income

Without  Raising Dues!

 

 Some Associations resign themselves to the idea that the only way to increase income is to raise the dues for the current homeowners. This is not always the case.

 
Here are some favorite solutions we have discovered that bring "found money" to your community!  In addition to unique services such our Cable Access Agreements and our Water Sub-Meter program, Heritage encourages communities to review their Governing Documents. Adding certain amendments may give your neighborhood extra money. Here are some of the easiest to pass.....

 

Click HERE to read the complete article.