Close Unused Amenities - Close the pool in the winter if no one is using it. Cut hours for the fitness center if there are times when no one is there. If there are amenities no one is using or times when people truly are not using them no one will really mind when they are cut.
Quest Fees - If you complex is attractive you may be able to sell memberships to the gym, swimming pool and and tennis courts. You can also charge a small fee for quests.
Sell advertising - Sell advertising in the newsletter, in common areas and on the website. One easy way to sell advertising on the website is through Google adsense.
Landscaping - Look into lower maintenance landscaping. Many time the developer is only interested in making the property look good until it sells. Once the condo association takes over the landscaping is their worry. When replacing it look for low maintenance solutions.
Collect Monies Owed. Past Due fees can hamper a condo association. You can often hire an attorney to handle collections for a percentage of what is collected. Attorneys may even be able to recover attorney fees.
Insurance Claims - If in the last 5 years your association had to get a loan (like those from SBA or FEMA) for repairs (Storm, Hurricane, Natural Disaster, Tornado or any accident) your regular attorney many not be enough. Contact an attorney who focuses on insurance claims. Many insurance companies deny underpay insurance claims. Many times the law states that the insurance company has to pay the legal fees. Moreover, many Lawyers will handle insurance claims in a way that no funds will be out of pocket.
Rehabilitate instead of Replace. instead of copper pipe repair restored to better than new condition with epoxy pipe lining from CuraFlo. It is generally 30% cheaper than re piping and is much less obtrusive. RLS Solutions can offers sewer pipe lining and manholes to increase their life and save on costs.
Property Manager - employ a property manager who is experienced in cutting costs. A PM with experience will also know which contractors come in on budget and which ones have a history of completing jobs late. - 15432
Quest Fees - If you complex is attractive you may be able to sell memberships to the gym, swimming pool and and tennis courts. You can also charge a small fee for quests.
Sell advertising - Sell advertising in the newsletter, in common areas and on the website. One easy way to sell advertising on the website is through Google adsense.
Landscaping - Look into lower maintenance landscaping. Many time the developer is only interested in making the property look good until it sells. Once the condo association takes over the landscaping is their worry. When replacing it look for low maintenance solutions.
Collect Monies Owed. Past Due fees can hamper a condo association. You can often hire an attorney to handle collections for a percentage of what is collected. Attorneys may even be able to recover attorney fees.
Insurance Claims - If in the last 5 years your association had to get a loan (like those from SBA or FEMA) for repairs (Storm, Hurricane, Natural Disaster, Tornado or any accident) your regular attorney many not be enough. Contact an attorney who focuses on insurance claims. Many insurance companies deny underpay insurance claims. Many times the law states that the insurance company has to pay the legal fees. Moreover, many Lawyers will handle insurance claims in a way that no funds will be out of pocket.
Rehabilitate instead of Replace. instead of copper pipe repair restored to better than new condition with epoxy pipe lining from CuraFlo. It is generally 30% cheaper than re piping and is much less obtrusive. RLS Solutions can offers sewer pipe lining and manholes to increase their life and save on costs.
Property Manager - employ a property manager who is experienced in cutting costs. A PM with experience will also know which contractors come in on budget and which ones have a history of completing jobs late. - 15432
About the Author:
Chirs Lim is one of the orlando lawyers who can help you with Florida condo law Advertising Agencies include Net Advertising Group
