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Budgeting Strategies for Well-Run Community
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Budgeting Strategies for Well-Run Community
Join us for an insightful discussion on effective budgeting practices and strategies for community associations. In this webinar, hosted by Affinity Management Services, our expert panel delves into essential topics to help your community thrive financially and operationally.
Key Topics Covered:
🔹 Budgeting Mistakes to Avoid: Marc Landes shares common pitfalls, like the "Joneses effect," and stresses the importance of bottom-up budgeting and financial planning.
🔹 Impact of Inflation: Pedro Garcia explores rising costs, from labor to insurance, and strategies to manage reserve requirements effectively.
🔹 Structural Reserves: Understand the significance of annual reserve study updates, the differences between pooled and component reserves, and the need for state compliance.
🔹 Short- & Long-Term Financial Planning: Learn about liquidity analysis, financing options, and collaborating with partners to develop robust financial strategies.
🔹 Handling Unexpected Expenses: Tips on contingency planning, revolving lines of credit, and spillover costs for smoother operations.
🔹 Transparency & Communication: Insights on engaging with residents and board members through town halls, newsletters, and professional partners.
🔹 Reserve Studies & Audit Requirements: The value of reserve studies and staying ahead of audit and review challenges in the evolving legal landscape.
Speakers:
Marc Landes, CPA, providing financial expertise and practical solutions.
Pedro Garcia, COO of Affinity Management, offering operational insights.
Rafael Aquino, Moderator and Co-Founder of Affinity Management Services.
👉 Don't miss these actionable insights to ensure financial stability and success for your community.
Watch the full webinar now and subscribe for more expert-led discussions!
#ManagedByAffinity #AffinityandBeyond #affinitymanagement #PropertyManagement #CondoAssociation #Condo #PropertyRental #PropertyManagers #PropertyManagementMiami #HOA #realestate #realestatemanagement #HomeOwnersAssociation #propertymanagementexperts
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Follow us on social:
Join us for an insightful discussion on effective budgeting practices and strategies for community associations. In this webinar, hosted by Affinity Management Services, our expert panel delves into essential topics to help your community thrive financially and operationally.
Key Topics Covered:
🔹 Budgeting Mistakes to Avoid: Marc Landes shares common pitfalls, like the "Joneses effect," and stresses the importance of bottom-up budgeting and financial planning.
🔹 Impact of Inflation: Pedro Garcia explores rising costs, from labor to insurance, and strategies to manage reserve requirements effectively.
🔹 Structural Reserves: Understand the significance of annual reserve study updates, the differences between pooled and component reserves, and the need for state compliance.
🔹 Short- & Long-Term Financial Planning: Learn about liquidity analysis, financing options, and collaborating with partners to develop robust financial strategies.
🔹 Handling Unexpected Expenses: Tips on contingency planning, revolving lines of credit, and spillover costs for smoother operations.
🔹 Transparency & Communication: Insights on engaging with residents and board members through town halls, newsletters, and professional partners.
🔹 Reserve Studies & Audit Requirements: The value of reserve studies and staying ahead of audit and review challenges in the evolving legal landscape.
Speakers:
Marc Landes, CPA, providing financial expertise and practical solutions.
Pedro Garcia, COO of Affinity Management, offering operational insights.
Rafael Aquino, Moderator and Co-Founder of Affinity Management Services.
👉 Don't miss these actionable insights to ensure financial stability and success for your community.
Watch the full webinar now and subscribe for more expert-led discussions!
#ManagedByAffinity #AffinityandBeyond #affinitymanagement #PropertyManagement #CondoAssociation #Condo #PropertyRental #PropertyManagers #PropertyManagementMiami #HOA #realestate #realestatemanagement #HomeOwnersAssociation #propertymanagementexperts
--------------------------------------------------------------
Follow us on social:
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