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Category: Finance

Finance Businessman attracting money with a horseshoe magnet concept for business success, strategy or greed
2023 Winter The Collections Process

Cash flow is the lifeblood of any multifamily residential community, be it a rental building, co-op, condo, or HOA. However, because the latter three are nonprofit entities, maintaining consistent cash flow is even more critical to their he…

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Finance A financial check with a stethoscope isolated on a white background
2022 Fall Financial, Physical, & Operational Health

In early 2020, our firm was hired to prepare a reserve study for an unremarkable 136-unit, 12-story condominium in south Florida. It was the kind of association you could drive right by without noticing, not much different from all the othe…

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2022 Fall Safeguarding Your Reserves

In our current environment of steeply rising costs, it’s more important than ever to safeguard your reserves to ensure that your association has sufficient funds available for immediate and future capital projects. Unfortunately, many assoc…

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Finance Arrow with dollar bills pointing up. Concept shot for currency exchange rate going up, inflation, economic boom
As Costs Rise, So Do Carrying Charges

The Community Associations Institute (CAI) estimates that 74 million Americans live in communities managed by homeowners associations, of which condos account for 35% to 40%. That’s a lot of people - many of whom may be in for a nasty shock…

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Finance Arrow with dollar bills pointing up. Concept shot for currency exchange rate going up, inflation, economic boom
As Costs Rise, So Do Carrying Charges

The Community Associations Institute (CAI) estimates that 74 million Americans live in communities managed by homeowners associations, of which condos account for 35% to 40%. That’s a lot of people - many of whom may be in for a nasty shock…

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Finance Tapping Reserves in a Time of Financial Crisis
2020 October Tapping Reserves in a Time of Financial Crisis

It’s a question we’re asked all the time: “Can we use reserves to cover an operating fund shortfall?” Under normal circumstances, our standard response would be an emphatic “No!”—because reserves are for major repair and replacement project…

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Finance Tapping Reserves in a Time of Financial Crisis
Tapping Reserves in a Time of Financial Crisis

It’s a question we’re asked all the time: "Can we use reserves to cover an operating fund shortfall?" Under normal circumstances, our standard response would be an emphatic “No!” -- because reserves are for major repair and replacement proj…

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Finance The Appraisal Process
2018 December The Appraisal Process

For many people, appraisals – why they’re done, how they’re done, and how they’re used – are a mystery. But that need not be the case. For all intents and purposes, appraisals are a straightforward and simple component in the process of com…

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Finance FEMA Funding 101
2013 July FEMA Funding 101

*Editor's note:  In anticipation of Hurricane Irma's possible landfall in Florida later this week, The South Florida Cooperator is featuring a selection of past articles on storm preparation, emergency planning, and post-storm clean-up. Fl…

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