0:08 Question No.1
0:34 Question No.2
0:50 Question No.3
1:10 Who is accountable?
2:01 Contact Us For Your Management Needs!
🏢 Attention Community Associations! Are you considering a change in management? 📋 Before you take the leap, watch this enlightening video that unveils crucial considerations for a seamless transition. Join us as we delve into essential insights provided by James Fifer, a seasoned expert with 21 years of experience in community association management.
In this comprehensive video, James guides association boards through the process of evaluating their readiness for a new management direction. He begins by urging boards to closely scrutinize the financial landscape of the last five years. 💰 Regardless of any suspicions of mismanagement, James poses a critical question: Were you consistently overspending your budget during this period? If your answer is yes, and if reserves were not appropriately maintained, it's time to take note and factor this into your decision-making.
💡 James then turns the spotlight on reserve studies, emphasizing the importance of their funding status. If your reserves are inadequately funded, make a mark. Conversely, if your reserves are healthy, you're on the right track.
Another pivotal aspect James raises is the history of management changes within the past five years. 🔄 If you've experienced multiple management shifts, it's essential to acknowledge this pattern.
Drawing from his extensive experience, James underscores that the board's proactive role in the success of a new management company is paramount. He emphasizes that without the necessary financial resources to fulfill board obligations, expecting the management company to excel is unrealistic. Rushing into a management change without addressing these underlying concerns could result in further setbacks.
💼 James Fifer extends an offer of personalized coaching and consultation to community association boards seeking guidance. If you're eager to enhance your association's performance and ensure a smooth transition, don't hesitate to reach out. His 21 years of expertise can be your invaluable resource.
For a thriving community association and a successful management transition, this video is a must-watch. Like, share, and subscribe for more insightful content that empowers your community's future. 🌟🔔
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12 сен 2024
