When we discuss HOA planning, what we’re talking about is budgeting for 2019. If you are a board member of your HOA, you know that this can be a long, grueling process. Even if there are several men and women on your board, you may find that they have limited knowledge on how to properly budget for an HOA. Gassen property management can help you with your budgeting through our many tools and resources so that you can be ready to hit the ground running January 1st, 2019.
1. Update Your Financial Reserves
First thing’s first: at the top of your priority list should be your Gassen reserve study. Your board members should schedule a meeting with our team to perform your annual review of the study. We can make the necessary adjustments by adding or deleting proposed future expenses. If you’re well prepared five to ten years in advance for all possible upcoming expenditures, it will make planning for the next 365 days much easier.
2. Property Maintenance and Repairs
You may anticipate some upcoming HOA projects in 2019. For instance, your building may need to undergo some repairs or your property just expanded, so you’ll need some new landscaping done. We can sit down you to plan out all the details. How much will these projects cost? Which contractors will you hire to complete these jobs? What is our role in helping you get it all together? The sooner you answer these and other questions, the more prepared you’ll be when the time comes to launch the projects.
3. Get Your Real Estate Listings Ready
Now is the time to get a jump start on the real estate market in 2019. Gassen professionals can help you prepare a sales strategy for your listings. You can list your properties directly from our website, and our realtors can help you find the right buyers. By developing a strategy now, you’ll be in good shape over the next 12 months. We can guide you every step of the way while managing the properties you want to keep.
4. Meet With Your Gassen Accountant
Our clients tell us that our accounting services are among the most valuable of all the services we provide. Schedule an appointment with one of our accountants to go over all the details of your business as it now stands. Are there any gaps or question marks in the accounting? We can keep you straight so that you can focus on other facets of your HOA or properties. Gassen has got you covered in 2019.
Property Management and Accounting Services
Gassen accounting, property management, reserve studies, and real estate service for property owners and HOA board members in Minneapolis and St. Paul Minnesota. Let Gassen help you keep your business going in 2019.
To schedule an initial consultation or a follow-up meeting, call Gassen at 952-922-5575, or you can message us on our contact page.