Budget Cycles #211
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Budget Cycles #211
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Host Regan Brown sits down with Maj Messiah, Helen Castro, and Sabrina Leglu, managing partners at Trifecta Association Management, to unpack the complexities of HOA budget cycles. Together, they dive into setting community goals, the importance of reserve studies, strategies for gaining budget approval, and ways to manage unexpected expenses.
Chapters
00:00 Introduction to Budget Cycles in HOA Management
01:49 Understanding Community Goals and Budget Planning
05:49 The Role of Reserve Studies in Budgeting
09:40 Navigating Unexpected Costs and Budget Adjustments
15:50 Strategies for Successful Budget Approval
19:35 Handling Budget Rejections and Revisions
23:51 Educating Homeowners on Budget Understanding
28:24 Real-Life Challenges in HOA Management