January 21, 2014 Sandra L. Huseby, Co-Founder, Co-Principal, COO
To help start my work week off with a positive attitude, I have consistently made an effort to go to the gym on Mondays. In October, November and December I crawled out of bed, drove down the street, and parked my car near the entrance of the 24-Hour Fitness where I work out. I would then hop onto the machine closest to the door. There were always plenty of spots to park my car and many machines to choose from.
On Monday, January 6, 2014, I arrived at the gym and found the front of the parking lot was completely full! I parked further away than usual and hiked to the door. I walked in to find not one free machine. I realized the reason for the crowd was that it was a new year and all these people were there to start the year off right. They were making an effort to stick to the "New Year's Resolutions" they had made.
One thing that came to my mind that morning as I drove to work was how challenging it can be to sit down and develop resolutions/goals for the upcoming year. I was thinking that in my 25+ years in the community management industry, I have truly enjoyed developing annual goals and resolutions for the communities I managed. I loved implementing these goals and seeing communities reach them.
The funny thing about most of my personal goals is that as challenging as it was for me to hone in on them and commit to achieving them, almost everyone else I knew had very similar goals. I'm certainly not alone. The same can be said about a community; communities largely have the same goals.
With that in mind, let's take a look at how associations can reach their community goals. Community and personal goals can be achieved!
If you happen to have a December 31 year end, you have worked diligently over the last 6 months to develop a plan for your community. You started by gathering the below people to assist you:
The first step in developing this plan was retaining the professional assistance of a qualified reserve study consultant. Once the board hires the consultant the manager provides the consultant:
Once the Reserve Study has been completed, the board will be able to determine:
Once the board has this tool, the manager can assist the board in developing a budget, strategy and overall management plan for the next year. This is done by approving the budget for your fiscal year and the task of the development of your associations’ annual calendar.
The Management plan for your individual community is in essence your annual calendar. The annual calendar consists of:
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Crummack Huseby Property Management, Inc.
25531 Commercentre Drive Suite 100 Lake Forest, CA 92630