Brandon Eberhardt is the Director of Property Services at Chicago Property Services. He is a Senior Construction Professional with a proven track record of maximizing the talents of a team while maximizing profits for p & l centers and individual projects. Brandon has a high energy level, strong work ethic and a drive to succeed. […]
Tag Archives: cost savings
cost savings
Now more than ever, associations must spend money wisely and plan ahead to ensure that their reserves are properly funded. Proper reserve funding will allow board of directors to properly maintain the associations and maximize the real estate values of the homeowners. Duties and obligations of board members One of the fundamental obligations of board […]
One of the biggest benefits of hiring an effective condo management company is the potential savings that otherwise would not occur if the association were self-managed or with an under performing condo management company. And since those benefits are not always so obvious, I would like to take a few moments and describe exactly how […]
What are the best ways for condo associations to SAVE money? Today more than ever condo associations all over the U.S. are looking for more and more ways to save money. So here are top 10 most effective ways for condo associations to save money: Hire a more effective condo management company. One of the […]
Condo association board members and homeowners are constantly pondering this question. And the converse of the question is equally as important to address: Does it pay to hire a more costly condo management company? I will address the first question in the following blog and answer the second question in a subsequent blog posting. Why […]
As a community association business owner over the last 13 years, I have heard countless stories on how condo association boards hired low cost management companies to save money. But the question that really needs to be asked is “Does that really save associations money overall?”. I will attempt to address this very important question […]
Overspending Example #2: A 15 unit condo association is proactively advised by the management company to take on a $5,000 tuckpointing project in order to address some tuckpointing areas that have deteriorated. The suggestion is made by management to proactively maintain the building and minimize the possibility of water intrusion. The board ignores the recommendation […]