Written by attorney Mara Alyson

Tips for Cutting Your Association Budget

Every year all Homeowners Associations and Condominium Associations must review the annual budget. Last year's expenses project for the new year. In this time of economic uncertainty, it is time to reduce operating expenses while keeping the services the owners have come to rely upon.

Additional resources provided by the author

I always suggest you first speak with your current provider. If you do not achieve an analysis of your invoices and suggestions to reduce them, then it is best to shop for a new vendor. I believe in loyalty to your vendors first. But if you do not receive the same respect, in turn, it is time it shop for new vendors. Property Managers and Attorneys are very familiar with vendors and can often provide valuable insight and referrals.

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