Budgeting Whys and Wherefores

Community associations operate and execute their duties based upon an annual budget. That budget is developed and approved by the board of directors but is sometimes subject to a vote of the membership during the association's annual meeting. Requirements for budget approval are typically outlined in the association's by-laws. Throughout the year, the board then monitors the economic condition of the association through periodic (usually monthly) financial reports and updates.

The association's budget is, essentially, an estimate of the income and expenses of the association for the year. A budget reflects an association's policy decisions (as proposed by the board of directors and approved by the members) regarding the programs and services that will be completed during the budget year. Often, the governing documents of the community will define the common property expected to be maintained by the association and other maintenance and service requirements. The budget then establishes what services the community will provide, when they will be done, and how much they are expected to cost.

For more inforation read this article:

• Budgeting Whys and Wherefores

If you have further questions on this issue, please feel free to contact J Brooks & Associates, Inc. at (239) 313-7129. As always, we are here to help.

17041 Alico Commerce Ct., Unit 1

Fort Myers, FL 33967

(239)313-7129

www.JBrooksai.com

J Brooks & Associates, Inc. is a full service Homeowner Association (HOA), Condominium Association, Cooperative Association and Master Community Association property management company servicing all of Fort Myers, Naples, Bonita Springs, Cape Coral, and all of Lee, Collier, Charlotte, and Sarasota Counties.www.jbrooksai.com

Slowing Traffic Down in a Condominium or Homeowner Association

Their are always problems when speeding vehicles are in your community. Having Speed Bumps or Humps installed in your condominium or homeowner association and ensuring the residents are happy can be a bumpy road.

Read about how installing speed bumps or humps in a community association is not always an easy road.

 

If you have further questions on this issue, please feel free to contact J Brooks & Associates, Inc. at (239) 313-7129. As always, we are here to help.

17041 Alico Commerce Ct., Unit 1

Fort Myers, FL 33967

(239)313-7129

www.JBrooksai.com

J Brooks & Associates, Inc. is a full service Homeowner Association (HOA), Condominium Association, Cooperative Association and Master Community Association property management company servicing all of Fort Myers, Naples, Bonita Springs, Cape Coral, and all of Lee, Collier, Charlotte, and Sarasota Counties.www.jbrooksai.com

Resident Portal now availble to all our Community Association Management Clients

J Brooks & Associates is proud to announce their new Community Association Management Resident Portal.  Check out all the great new features available to their Property Management clients.

Community Association Property Management | Resident Portal | J Brooks & Associates

If you have further questions on this issue, please feel free to contact J Brooks & Associates, Inc. at (239) 313-7129. As always, we are here to help.

17041 Alico Commerce Ct., Unit 1

Fort Myers, FL 33967

(239)313-7129

www.JBrooksai.com

J Brooks & Associates, Inc. is a full service Homeowner Association (HOA), Condominium Association, Cooperative Association and Master Community Association property management company servicing all of Fort Myers, Naples, Bonita Springs, Cape Coral, and all of Lee, Collier, Charlotte, and Sarasota Counties.www.jbrooksai.com

Lee County Traffic Delays at I-75 at Daniels

J Brooks & Associates, Inc. would like to give our Residents and Snowbirds an update on some recent traffic issues we have been having in Southwest Florida.

• Lee County Traffic Delays | I-75 at Daniels | J Brooks & Associates

Please be cautious and avoid the area is possible.

17041 Alico Commerce Ct., Unit 1

Fort Myers, FL 33967

(239)313-7129

www.JBrooksai.com

J Brooks & Associates, Inc. is a full service Homeowner Association (HOA), Condominium Association, Cooperative Association and Master Community Association property management company servicing all of Fort Myers, Naples, Bonita Springs, Cape Coral, and all of Lee, Collier, Charlotte, and Sarasota Counties.www.jbrooksai.com

More Fake Bills in SWFL - Be on the Look Out!

J Brooks & Associates, Inc. would like to take this time to warn our local associations to be on the look-out for counterfeit money circulating in the Southwest Florida area.  Please be careful and know what a "Real" bill is suppose to look like.  It is OK, to ask for a different bill from a cashier if you do not feel safe about the money they are handing you.  Read NBC-2.com's story on the subject.

• Secret Service: More fake bills in SWFL - NBC-2.com WBBH News for Fort Myers, Cape Coral & Naples, Florida

If you have further questions on this issue, please feel free to contact J Brooks & Associates, Inc. at (239) 313-7129. As always, we are here to help.

17041 Alico Commerce Ct., Unit 1

Fort Myers, FL 33967

(239)313-7129

www.JBrooksai.com

J Brooks & Associates, Inc. is a full service Homeowner Association (HOA), Condominium Association, Cooperative Association and Master Community Association property management company servicing all of Fort Myers, Naples, Bonita Springs, Cape Coral, and all of Lee, Collier, Charlotte, and Sarasota Counties.www.jbrooksai.com

Who is Responsible for Assessments on Properties Owned by the Association?

This is an issues that comes across our desk often.  Due to the downturn in the economy and housing market, many properties in Associations have been foreclosed on or taken over by the Association.  Many times, the Associations that has acquired a vacant property are not aware that as the new owner, the Association is responsible for all Assessments for that property, just as if it were owned by any other person or entity. 

It is imperative that the Association prepares for the added costs of owning the property, and reviews the Covenants, Rules & Regulations carefully regarding the sale or leasing of the property.  The Association must be prepared for the financial obligations required of them and plan accordingly.

We advise that the Board of Directors discuss the potential obligations of the Association with their Property Manager, Association Accountant, and Legal Advisor prior to taking over any vacant or foreclosed property in their Association.

If you have further questions on this issue, please feel free to contact our office at (239) 313-7129.  As always, we are here to help.

J Brooks & Associates, Inc. is a full service Homeowner Association (HOA), Condominium Association, Cooperative Association and Master Community Association property management company servicing all of Fort Myers, Naples, Bonita Springs, Cape Coral, and all of Lee, Collier, Charlotte, and Sarasota Counties.

17041 Alico Commerce Ct., Unit 1

Fort Myers, FL 33967

(239)313-7129

www.JBrooksai.com

Homeowner Association Management in Fort Myers

The HOA management services at J Brooks & Associates, Inc. enhance your level of community development, a concept we define as when a community association operates at its peak potential in terms of financial and operational aspects as well as a deep sense of community spirit, all of which are deeply affected by your HOA management services or property management services. With three office locations serving Fort Myers, Naples, Bonita Springs, Cape Coral, and Sarasota, Florida, we know we can assist you in all your association property management needs.

 

Our Goal is to:

• Manage the association within budget
• Keep the residents satisfied and informed
• Effectively govern the community

J Brooks & Associates, Inc. has four office locations in Southwest Florida:  Fort Myers, Bonita Springs, Cape Coral, and Sarasota.  We service all size Homeowner Associations.

J Brooks & Associates, Inc. is a full service Homeowner Association (HOA), Condominium Association, Cooperative Association and Master Community Association property management company servicing all of Fort Myers, Naples, Bonita Springs, Cape Coral, and all of Lee, Collier, Charlotte, and Sarasota Counties.