Amenities - Many amenities are only used during part of the year such as the pool and tennis court. Also evaluate the hours of operation. If people are not using the service they will understand pairing it back.
Memberships - If the Gym is nice enough you can sell memberships to the local community. at $40 a month 100 memberships would bring in an extra $4000 per month. Set it up as atomatic payments and many people will keep the membership long after they quit using it. You can also charge quest fees.
Advertising - Many local business will buy advertising in the newsletter and the common areas. One easy way is to place Google adsense on the website.
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 Past Due Fees. Monies owed to a condo association can drag it down. Also you want to make sure fees are collected before they get so high the property goes into foreclosure. Lawyers many be willing to work on contingency.
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. Copper pipes can be 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 offers sewer rehabilitation which can increase their life and save on costs.
Property Manager - Hire a property manager who is experienced in lowering costs. A property manger with experience will also know which contractors come in on budget and which ones have a history of not competing jobs on time.
Memberships - If the Gym is nice enough you can sell memberships to the local community. at $40 a month 100 memberships would bring in an extra $4000 per month. Set it up as atomatic payments and many people will keep the membership long after they quit using it. You can also charge quest fees.
Advertising - Many local business will buy advertising in the newsletter and the common areas. One easy way is to place Google adsense on the website.
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 Past Due Fees. Monies owed to a condo association can drag it down. Also you want to make sure fees are collected before they get so high the property goes into foreclosure. Lawyers many be willing to work on contingency.
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. Copper pipes can be 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 offers sewer rehabilitation which can increase their life and save on costs.
Property Manager - Hire a property manager who is experienced in lowering costs. A property manger with experience will also know which contractors come in on budget and which ones have a history of not competing jobs on time.
About the Author:
Chirs Lim is one of the orlando FL lawyers who can help you with Florida condo law Advertising Agencies include Net Advertising Group
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